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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Nov. 5, 1916)
THE SUNDAY, OltEGOXIAX, PORTLAND, XOVE3IBER 5, 1016. 13 m LACK SERIOUS Wheat Trade Stops Though East Vants More Grain. OHDERS IN AT RULING RATE Market Closes Weak in Sympathy With Decline at ChicagoOats Are Unchanged and Bar t ley Is Iiower. Tne week cloned with the wheat trade of the Northwest nearly at a standstill. There Is demand from California and moderate ahtpments will go forward soon, but busi ness for Eastern or export acconnt Is al most out of the question with the car sit uation as It stands today. The Inquiry from the East Is regular and millers in that section would take wheat at the prices now going here If they could get it. It is not possible, however, to rurintee a definite delivery, and even if the car situation were relieved it Is a ques tion it the grain could be bought In quan tity at current rates. The tone of the market was easier yes terday as a consequence of the decline at Chicago, which was brought about by slumps In the chief Argentine markets. The softer appearance of the English market, according to Eroomhall's cable, was due to less demand from millers, who had re cently made good spot purchases at the Merchants Exchange. Bids for bluestem were 1 to 2 cents lower than on Friday, and offers for other sorts were reduced 2 to 33 cents. As compared with a week ago, blue stem and fortyfo'd are 6 to 8 cents cheap er and declines In other kinds of wheat ransre from S to 7 cents. There was no change in the oats market yesterday, but barley bids were fl lower than the day before. Terminal receipts. In ears, were reported by the Merchants- Exchange as follows: Wheat Barley Flour Oats Hay Portland. Bat... 22 1 1 Tear ago V!2 5 Reason to date.. 247$ tf Year aeo 631. 867 Tacoma. Frl H2 1 Year ago M 2 rieason to date. .21)30 65 Year ago 4233 J9: Seattle. Frl 87 5 Year ago 101 41 Season to date. .2432 lsu Ye ir ago 4'69 898 Portl'd. fl Wk. 215 3 Tear ago R"S 64 11 602 405 8 S35 873 7S7 1007 2S 148H 1B2 SI 54 R94 041 T . 12 200 3 3 71l 467 HI 17 S4 904 IS 5T MORE LIFE IN OREGON HOP MARKET Trading on Liberal Scale Reported in Fmst Week. Hop-buying In the past few days has kept up the rate of activity established in the early part of the week with transfers of over 1S0O bales reported In this state and Washington. Prices remain on a fairly steady basis. The best lot of fuggles In Oregon, the J. "W. Cooper crop of ISO bales, at Independ ence, was bought by McNeff Bros., whose total purchases of fuggles this season have amounted to 930 bales. This firm's aggre gate buys In the past few days are close to 800 bales, including the crops of Wilson si Veeder, of Dundee; Ed Miller. J. Drescher and B. 6. Prather. of Monitor; also 128 bales at Sllverton and 02 bales at Salem. Irwin & Wood bought 102 bales from John Murray, of Aurora, at 11 4 cents, the high est price reported paid for Oregons during the week. The Kennedy lot of 224 bales at Woodburn was bought by the Seavey Hop Comj.any at 10 cents. Sales In Washington In the last half of the week amounted to between 600 and 700 bales at trices ranging up to 12 Vi cents. English market conditions are reported by the Kentish Observer of October 12 as follows: "The English section shows a considerable Increase of strength; a steady demand has been maintained during the week, and somewhat important sales have been ef fected. The attention of buyers Is chiefly directed to the choicer grades( values of which have advanced, holders being dis posed to await further developments. The range of prices for medium to beat quali ties may be quoted as follows: East Kents and Worcester! 135s to 160s, Mid Kents and Wealds 130 to 143s per cwt There has also been an improved inquiry for the lower grades, values now ranging from 95s to 115s per cwt. Some lots of 1915 Pacifies have been sold at prices ranging from 103s to 126s per cwt. Yearling or old Belgians are not inquired for, but small parcels have changed hands at very moderate rates." NAVE I, ORANGES DTTE IN A FEW DAYS Jobbers Quoting Prices on New Crop Veg etables Are fecarce. New-crop navel oranges are being quoted by dealers at $4.75 for 150s and smaller. The first shipment will arrive by steamer from San Francisco In a few days. Ship pers assure fancy color and quality in the first shipments. The recent advance of 50 cents in lemons is regarded as only tempo rary, and the market during the coming week will be only a quarter higher than the old price. Banana prices are again ad vancing at the seaboard. Because of the car shortage, many of the commodities handled on the street are scarce. Dealers are finding it difficult to get enough sweet potatoes to fill their or ders. Beans and peas are advancing at shipping points. Bell peppers and out-door California cucumbers continue in fair sup ply. The potato and onion markets were quiet In the past week, owing to the difficulty in making shipments. Prices were unchanged at the close. I.ARD GOES TO NISETEES CENTS Half Cent Advance Will Be Effective Mon day Morning. A half cent advance in lard Is announced effective Monday morning, which will put the best grade of kettle rendered on a 19 cent tierce basis. Compound lard has l similar advance to 15 cents. Fancy bacon will be half a cent higher at 31 H cents for four to six-pound weights and 294 cents for six to eight-pound sizes. Dry salt plates will be raised half a cent to 14 cents and smoked plates go to 15H cents. Loc&I salad oil, large-size bottles, will be 25 cents higher at $4.25 per cais. Advance of one-half to one cent in dried Peaches were announced by Jobbers yester day. Several of the cheaper grades of canned meats, which did not participate fully In the recent rise, are now higher. American sardines have advanced, owing to the light run of the fish. ftBE BUTTER DOES 'OT CLEAN C1P T.gg9 Are Also Easy at Close of Week Oth er Lines Unchanged. The batter market was weak and drag ging at the close. Front-street stocks of country cubes failed to clean up at ruling: prices. E?8 were no more than steady. Sales were reported at 41 cents, case count, though most holders asked 42 cents. There was only a light demand for pool try and dressed meats, but receipts were light and generally cleaned up. Hank Clearlngrs. Bank clearings of the Northwestern cities yesterday were as follows: Clearing. Balances. Portland $2,S:J4,2S2 37B.3S Seattle 2.!r,.".l4 311.U2S Tacoma 333.074 S2.442 SpokRne ..? 1.07.3ftS Sft.131 Clearings of Portland, Seattle and Tacoma for the past week and corresponding weeks In former years were: Portland. Seattle. Tacoma. 1016 $18.R41.41 $18.74.442 S2.198.152 1915 12.53,517 13,245.835 1.054.927 1914 12.109. o2 2 11.197.367 1.889.907 lina lo,25u,602 13,972,771 2,300,2(53 15.S74.540 12.4S7.2S1 11,32S.66 14.078.604 10.64S.44." .31-..110 10.10U.87n- 0.647.4.-.7 3.817.C70 4..'.l.3rt2 4,iH7.7'3 6.337.0J5 4.942,73.-. 4.092.287 4.89.004 4.120.275 l&l'l. 10.700.34H 1909. . . lfl'i'. . . 1907. . . 1S'". . . 1905. . . 9.297.704 S.r.41.734 7.3"s.1 73 5,283.853 rOKTLAND MARKET QUOTATIONS Grain, Flour, Feed, Etc. Merchants' ' Exchange, noon session. November delivery. Bid Wheat Bid. Yr. ago. Bluestem I 1. .94 Fortyfold 1.S0 .: .90 .88 S 24. 00 26.50 Bid. .$ 1.59 . 1.51 . 1.49 . 1.49 . 1.45 . 84.25 . 37.50 Club 1.47 Red rife 1.47 Ked Russian -. 1.43 Oats No. 1 white feed 34.no. Barley No. 1 feed 37.00 Futures December bluestem December fortyfold Ueuember club DiifemhT red fife December Russian December oats December barley FLOUR Patents. I8.20: straights. 7 7.40: exports. $7; Valley. $7.7C; whole wheat, $S.4: graham. J8.20. ' MILLFEED Spot prices: Bran. $23.50 24 per ton; shorts. $25.50&2o per ton; rolled barley. $39.S0fl41.50. CORN Whole. 48 per ton: cracked 140 per ton. HAY Producers prices: Timothy. East ern Oregon. $1720 per ton: timothy. Val lev, $10'(i16 per ton: alfalfa, 16 50; Valley grain hay, iar1: clover. (12.50. Iairy and Country Produce. BUTTER Cubes, extras. 32 '.i rt 33 A e. Job bing prices: Prints, extras, 85c; bulterfat. No. 1 35c; No.' 2. 33c. Portland. CHEESE Jobbers' buying prices, f. o. b dock, Portland: Tillamook triplets. 19c; Yotinir Americas. 20c per pound. KGtlS Oregon ranch, current receipts. 41 i42c per dozen; Oregon ranch, candled, 45 (&4fli; per dozen. POULTRY Hens. 13eM44e; Sprlnfrs. :4i 16c per pound; turkeys, live, 2224c per pound; dressed, 25j2ic; ducks, 13tf17c; geese, lOllc. VEAL Fancy. 9 t 10c per pound. PORK Fancy, 1212'c per pound. Fruits and Vegetables. Local Jobbing quotations: TROPICAL FRUITS Oranges. Valencia. S4.75&5 per box: lemons, $5.25i6 per box; bananas, 4c per pound; grapefruit. $3. 50 6. 50 ; pomegranates, $2 per box. VEGETABLES Artichokes, Tucfifl.10 per dozen: tomatoes. 75c$1.25 per crate; cab bage, $1. 25'a 1.75 per hundred: peppers, offl 7c per pound; eggplant. 6&8c per pound; lettuce, $2: cucumbers, fl H l.SO per box: celery. 60fi75c oer dozen: pumpkins, lc per 4ound: squash. ltfi'lc per pound. l UiATU Oregon Duying price. ei.tuny 1.50 per hundred, country points; sweets. $2. 25 fa 2.50 per hundred. ONIONS Oreson buying price. $2.35 per sack, country points. GREEN FRUITS Apples, new. 50c $2 pcr box; pears. $1 il..'0; grapes. 14i2: casabas. Hie; cranberries, $0.50 per barrel. (staple Groceries. Local .lobblnp quotations: SALMON Columbia River. 1-pound tails. $2.50 per dozen, one-half flats. $1.50: 1 pound flats. $2.50; Alaska pinks, 1-pound talis, $1. HONEY Choice, $3.25 per case. NUTS Walnuts, sack lots, lsc; Brazil nuts. 17c: filberts. 16c; almonds. 1819c; peanuts. H4c: cocoanuts, $1 per dozen; pe cans, 18" 19c; chestnuts, 10c. BEANS Small white, lOHc: large white, 10'ic; Llmas. 7ic: bayou, 7c; pink, 7ic; red Mexicans, SHc. COFFEE Roasted, In drums. 17? 35c. SUGAR JVult and berry. $8.25; Honolulu, $8.20; beet, $8.05; extra C. $7 85: powdered, in barrels. $8.75; cubes, in barrels, $9. SALT Granulated, $16 per ton; half ground, 100s. $10.50 per ton; 00s. $11.30 per ton; dairy. $14.50 per ton. RICE Southern head, etfrSHc per pound; broken. 4c: Japan etyle. 4H 5c. DRIED FRUITS Apples. 8c: apricots. 1320c; peaches. 8iiime: prunes. Ital ian. &!3"9c; raisins, loose Muscatels. 8c; un bleached Sultanas. B"410c: seeded. 8c: dates. Persian. 10c prr pound: Fard. $1.65 per box; currants, 15-fi;16r: figs, 00 6-ounce. $2; 100 4-ounce. $2.25; 36 10-ounce. $2.40; 12 10-ounce. S5c; bulk, white, 7fc8c; bluck, 6c per pound. Provisions. HAMS All sizes, choice. 2.14c: standard, 21H22Ho: skinned, 2u'4 (3 21 tie: picnics, 14V.c: cottars rolls. 16Vic. BACON Fancy, 294'83Hic; standard, 25 02c; choice. 19 4?24cl DRY SALT Short, clear backs, 16HO 18c; export, 17H19c: plate. 14S15c. LARD Tierce basis. kettle rendered, 19c; standard. 18c: compound. 15c. BARREL GOODS Mess beef, $22; plate beef. $23; brisket pork. $31.60; tripe. $10.50 11.50. Hops, Wool. Hides. Etc. HOPS 1918 croD. Sflliv-c per pound. HIDES Salted hides. 18c: salted stags. 14c: green and salted kip. 18c; green and salted calf skins, 23c; green hides, 16c: green stags. 12c; dry hides. 30c; dry calf skins, 32c; dry salt hides. 25c; dry horse hides, 75c to $1.50. PELTS Dry Iong-wooled pelts. 21c: dry short-wooled pelts, 17c; dry shearlings. JO 25c each; salted long-wool pelts, 75c $1.25; salted short-wooled pelts, 60c $L TALLOW NO. 1, Be; NO. 2. fc; grease, oo. WOOL Eastern Oregon, fine. 24 4 26c; coarse. 30fj32c: valley. 83c. MOHAlK oc per pouna. CASCARA BARK Old and new. 6o per pound. Oils. KEROSENE Water white, drums, barrels tank wagons, 10c; cases, 18 4? 21 He. GASOLINE Bulk. 20Vic: cases. 28Uc: naptha, drums. 18'4c; cases. 28Hc; engine distillate, drums. 10c; cases. 18c. I.INSEED OIL Raw. arums, n.ut; nar- rels. $1.02; cases. $1.07: boiled, drums. $1.06: barrels. $1.04: cases. $1.09. TURPEMIXK in tanKS, owe; ip cases. 64c: 10-case lots, leleii. FRUIT OUTPUT KEXXEWICK SHIPS THIS YEAR 250 CARS OK APPLES. Success off Industry Due to Grower' Co-opratIve Organisation Net Proceeds Third of Million. TFT;WTf!K. Wash.. Nov. 4. CSpecial- With the closing of the apple picking and packing season in about two weeics nere, Kennewick will have finished one of the most successful fruit years in its history. Two hundred cars of apples have moved from this Doint to date, with about 50 more to shin wltbin the next weeK or n da vs. Prices have been good, ranging on an average of from S1.70 to $1.90 for Win ter Bananas and from yoc to sx.4u xor Jonathans. In no other season has Kenne- wick ever shipped more than 5o cars of annles. The many young orchards coming into bearing for the first time this year account for this years crop, while enougn more young orchards will bear next year tn mlsA th n tonnaee to 500 cars. Within four years it Is estimated that 1000 cars of apples will be moving from Kennewlck each season. The nar croc. Although damaged by frost. netted &0 cars, at an average price net to the grower of about SI. 29, Thirty cars, or about 500 tons, of earrv po tatoes were shipped. These were sold at an average net price of $30 per ton to the grower. The strawberry crop, although below nor mal on account of the early frosts, taled 50.0O0 crates at an average net price to the growers of 52. 4 lor 24 pints. Be cause of the success this year the acreage for next year has been increased The peach crop, when normal, totals about 200 cars. This year the crop was very small, most of the peaches going out in mixed cars. The shipments of mixed cars of grapes, prunes, peaches, apricots and berries win total about o cars. Kennewlck cherry orchards are rapidly coming Into bearing. This crop La gaining In importance and is already one of th leading fruits. The success of fruitgrowing here this year Is without question due to the manner In which the growers have organized and ro operated. Nowhere in the Northwest has any growers agency been more successful than that of the Kennewick-Rlchland Mar keting Union, which organization handled the etrawberry crop and the early potatoes. Favorable markets have assisted greatly In the disposing of the apple and pear cropi at gooa prices. The Commercial Club has estimated that the apple, pear, strawberry, cherry and early potato crops'for this year have netted to the growers here $39,150. Tried Fruit at w York NEW YORK, Nov. 4. Evaporated apples, nrm. Prunes, strong. Peaches, firm: choice. 7 ie: extra choice. nominal ia'n;v, or-. Dulnth Linseed Market DVLUTH. Nov. 4. Linseed on track and arrive. $2.67V ; Nov. $2.66V as tsked. Deo $2.65 asked; May. S2.6S bid; choice, $2.634. v Hops. Etc.. at w York. NEW YORK. Nov. 4. Hops, firm; common to choice, 1916, 45$ 52c. Hides, firm. Wool, firm, - New Tork Sugar Market. track NEW YORK, Nov. 4. Raw sugar, firm Molasses 5.59; centrifugal 6.46. Refined steady; fine granulated i.oO to .60. 1912 13 112,108 1911 12.774.S70 EXPORT SALES LESS Falling Off in Foreign Business Weakens Wheat. LOWER CLOSE AT CHICAGO Continued Arriral of Canadian Grain at Minneapolis Also a Repress ing Factor Rains Cause Fall in Argentine Market. CHICAGO. Nov. 4. After being alterna tively depressed and rallied today by vary ing news In regard to crop conditions In Argentina, the wheat market finally under went a setback, due largely to a falling off In export sales and to contfnued arrivals of Canadian wheat In Minneapolis. Prices closed weak. i to 2 c net lower, with December at $1.82 $1.V2?i and May $l.s-4 to $1.S4U. Corn lost S S Tc and oats H tftf He. Pro visions finished irregular, ranging from 5c decline to a rise of 15c. Export wheat sales for the day In the United States amounted to only 200. 000 bush els and seaboard clearances were hardly more than half as large as a year ago. Minneapolis was reported as getting about 25 cars of Canadian wheat a day. Wheat prices weakened early. Influenced by a fall of 7 cents In quotations at Buenos Aires, where reports pointed to further bene ficial rains for South and Central Argentina. It was said also that Argentina holilers were realizing and that the Buenos Aires markt t was uner severe foreign pressure. Corn eased off with wheat. Active Euro pean demand tended to check declines and there was considerable talk of a prospect .that British millers would utilize corn for mixing into flour. Oats paralleled the bearish action of other cereals. Scarcity of offerings caused provisions to tighten up after an early decline. The initial wt akness was in sympathy with lower quo tations on hogs. Leading futures rsnged as follows: WHEAT. Open. $1.S3 1.83 High. $l.f-l,i Low. $1.82 l.eS's .85H .87 m Close, $1.82', 1.S-H4 .85 - .871, Dec. May l.fc.- CORN. Dec. May 85 87H . OATS. .54 "i, .57 Dec. May .63 S .53 H .5314 .57 i. MESS PORK. Jan. May . .25.82 . .20.10 25.95 26. lo LARD. 15.40 15.37 25 S2 25.95 25.82 23.95 Jan. May ..15.22 ..15.32 13.22 15.32 15.37 15.-7 SHORT RIBS. 13.72 13.S5 Jan. 13.72 13.0 Cash price were : Wheat No. 2 red, nominal ; No. 3 red. $1.80; No, 2 hard, nominal. No. 3 hard, nominal. r-orn No. 2 yellow. $V049 1.05; No. 4 yellow, new, 91c; No. 4 white, nominal. Oats No. 3 white, 524 t 53 c; standard, 03 H .- 53 v. c. Rye No. 2, nominal. Farley 80c g $1.23. Timothy $3.25 5.25. Clover $11015. Primary receipts Wheat, 1.709.000 vs. 3,232.000 bushels; corn. 626,000 vs. ttlO.000 bushelb; oats, 1.029,000 vs. 1.: ".52. 000 bushels. sihipmentsi Wheat, 1,061.000 vs. 1.923.OO0 buehels; corn. 249.000 vs. 215.000 bushels; oats. I,129,0u0 vs. 1,010,000 bushels. WHEAT BUXLS ARE HANDICAPPED Rains In Argentina -Cause Market to Leata to Bear Side. CHICAGO, Nov. 4. Despite sharp tempo rary bulges, the wheat market in the last week has leaned mainly to the bear side. Hains in Argentina handicapped the bulls nd so, too, for a time did apparent pros pects of a renewal of tension between the United States and Germany. The outcome has been net declines of o to lc as compared with a week ago. Whether or not the drouth in Argentina could yet be regarded as effectually broken, the fact seemed to be increasingly evident that extreme fears concerning the cutting down of the Argentina exportable surplus would hardly Da realized. tie fore this as pect of t the supply situation was to any extent cleared up, the market, impelled by urgent foreign demand last Saturday, touched new high record prices well above any price level for 2S years. On Monday, however, the Argentine drouth damage, which was disturbing Europeans, went sud denly Into eclipse on account of the torpedo ing or a steamer with many Americans on board. Then came news on Tuesday of un settled weather in Argentina and on Wednesday arrangements at San Francisco for wheat Imports from Australia. Difficulty of obtaining storasre insurance In Chicago was an added burden on spec ulative prices and there was a further stumblins-block in the fact that Minneap olis millers appeared to be making liberal us of shipments from Canada. Bis- fcxyoit business esterciay and the day before rallied the wheat market from setbacks due to continued reports of Ar gentine rains. In the end. though, many holders were Inclined to take profits, as doubt seemed to prevsll as to a steady aintenance of foreign demand In the face of pome evident lack of enough readily available ocean tonnage. Increasing arrivals of corn tended to make that cereal relatively a little weaker In price than either wheat or oats. Losses in oats reflected the weakness of other grains, but were only fractional. Provisions have been depressed by unusually Iaree i-ecelnts of hogs that were too light in weight to meet with Quick disposal. Foreign Grain Markets. LIVERPOOL, Nov. 4. Cash wheat, un changed. Corn, lHd to 3d higher. LONIXJN. Not. 4. Cargoes on passage. M to 3d higher. unchanged. Com. BUENOS AIRES, Nov. 4. Wheat closed 7 lower. UOSARIO Nov. 4. Wheat firm. H higher. Corn. higher. Minneapolis Grain Market. MINNEAPOLIS. Nov. 4. Wheat. Decem ber. S1-0UU; May. H.S9. Cssh. No. 1 hard. $l.B4SHii, : No. 1 North-rn. $1.90a Barley. 75c (61.03. Eastern Grain Markets. MINNEAPOLIS. Nov. 4. Cash wheat No. 1 hard. (1.94 Vii l.DOtt ; No. 1 Northern. $1.9iig J.SSVj : No. 2 Northern. Sl.S4Vitj J.OHi: No. 3 Northern. tl.TOy, '.J 1.88 H No. 1 Montana. S1.8UV1-&3. DTJLT-'TH. Nov. 4. Cash wheat No. 1 hird. $1.91 7 : No. 1 Northern. tl o 1 No. 2 Montana, 1.2; No. 1 durum. 1.1, "J i ..V. T . " V. UUI Mill, . I. 14 U Kastcrn Wheat Future. WINNIPEG, Nov. 4. December, ?1.8ft?B ; Way. $1.S3S. KANSAS CITY, Nov. 4. December. May, 1.7i"4; July. $l.44fe. Grain at San Francisco. SAN HRANClSCO, Nov. 4. Spot quota tions: Walla. f2.45&2.0; red Russian, f2.43 tfi2..rr0: Turkey rd, 2.7.'ifr :2.8."i; bluftem. $2. butt 2.S5. F-d barley, f 2.02 H- White oat, M.fe,'if IRi'i. Bran. $23 'a 26. Middlings, $32'd33. Shorts. $'J7&29. Call board: Barley sales, 2fH ton Decem ber t. $.0tf"; 100 tons May. $2.17i. Pucet Sound Grain Market. TACOMA. Nov. 4. Wheat, bluestem. $1.62: fortyfold, $1.69; club and Xlfe. fl.ST; red xtussian. fl.oo. Car receipts Wheat 31; barlvy l; oats 2. 6BATTLK, Nov. 4. Wheat, bluestem. $1.56; truKey reo. ii.ot ; rortyioja. si.&i; club, $1.4S: fife. $1.43: red Russian, $1.45. Barley. $37 per ton. Yesterday's car receipts Wheat 87; oats 3: barley o; rye 1; bay 6; fjour 4. GRAIN IS BEING HANDLED IN BULK Numerous Elevator Built In (be Terrlston Section. MCWISTON. I1a.. Nor. 4. (Special.) .umTPui elevators were constructed :hrushout this district and It Is reported :hat the steamers plying on the Partfic are equipping their storage facilities for the handling of grain in bulk. Coffee Futures Gala. NXW YORK. Nov. 4. The market for coffee futures openeA at an advance of 10 to 14 points, and sold about 1A ro 20 points net higher during the early trading. There was buying by houses with European con-t a v r innrftlll T nectlons. but the bulk of the demand seemed II II1 I li1 II II II Mill All to be In the way of covering shorts for over I IK IKrHlnlll II K election day. and It appeared to be pretty II illlll I II II HI I well supplied around $S.65 for March andllIUI U 1 1 1 1 IL. U U ll 1 1 I S.75 for May. Slight reactions followed un der realising, with March selling off to $s.tiO and May to $H.70. but the close was steady and from 10 to 12 points net higher. Sale. 46.751. November. $S.42; December, $4.47; January, $851; February. $8.55; March, $8.59; April, $8 64; Mav. $8.69; June. $8.74; ! July, $8.79; August, $3.83; September, $b.S7: October. $8.91. Spot coffee, steady; Rio 7s, &H ; Santos tl. 10 i. SAX KRANCISCO PRODUCE MARKET Prices Current on Butter. Eggs. Fruits, Vegetables. Etc.. at Bay City. SA.V FRANCISCO. Nov. 4 Butter Fresh extras, 32Hc; prime firsts, 32c; fresh firsts, Hl. Kggs Fresh extras. 48c; pultets. S8 Cheese New. ltfc; Young America. 18c. Poultry Hens, 18 1? 20c; old roosters. 11 12e: fryers. 20f21r; broilers. 27-3 29c: large, 20'o22c; squsbs. $222.50; pigeons. $1.25y 1.75 ; ducks. 13 6 14c. Vegetables String beans. faj6c: wax, 6fr 8c; llmas. 5 'a 6c; Blue Iake beans, 7ti715c; field peas, 3'a6c; garden, 7fc9c; Summer squash. 85c$l; cream squash. 6585c; cucumbers, 7590c; pickles, 7fii&85c; toma toes. 75c?i$l; eggplant. 30 50c; garlic. 3 S5c; elery. $1.73fS2: rhubarb, 75c3$l; okra. 40tf?6oc; corn, $11.50. Onions $2.75. Fruit Figs. 75c$1.15: casabas. 60 75c: pears, late BartWts. $11.75: lemons, $3.50 r 4.50; grapefruit, $23; oranges. Valencia. $3.75'd 4.25; bananas, $1 Q 1.30; pineapples. $1.73o2 5; grapes, seedless, 40i60c; Ma laga. 40',j60o crate; muscats. 601? 80c; Tokay. 5U'a75c; wine grapes, $16$ 22 ton. Potatoes 22.20. Receipts Fiour. 2900 quarters; barley, 13.985 centals; beans. 32.575 sacks; potatoes. 7505 sacks; onions, 100 sacks; hay. 191 tons; bides, 350; wine, 11.200 gallons. Copper Market Firm. NEW YORK. Nov. 4. The copper market has shown continued firmness and It Is re ported that one 'ot the larger agencies has sold all its productions available for the first quarter. Quotations for the first quar ter stcured from other sources today ranged from 2SH .to 29c. while dealers were asking from 27ic up, to' 28c for deliveries of elec trolytic during tbe second quarter. iron was unchanged. hicogo Dairy Produce, CHICAGO. Nov. 4 Butter. unsettled. Creamery 34 to 3535Vs Eggs, receipts, 3620 cases, unchanged. Cotton Market. NEW YORK, Nov. 4. Spot cotton quiet. Middling upland 18.95. No sales. Elgin Sutter Market. Ef.GIN. Ills.. Nov. 4. Butter. 25 tubs bid at 3d. No walep. FEEDER FvlOVtMEfH GOOD large: increase in business i OCTOBER. KortliTYFatera Cat'le Men Realla Vsli of Portland Union Stockyard, aa Market. Business was quiet at the close of the live stock market and sales were confined to the hog division, where last prices were un changed. Receipts were 28 cattle, 553 hogs and 33 sheep. Shippers were: C. E. Lucke, Canby, 1 car hoes; J. E. Proffttt, Dayton. 1 car hogs; F. Certno, Athena, 1 car hogs; W. H. Bunn, Newdale, 1 car hogs; W. A. L,eper, 1 car hogs and sheep. The day's sales were as follows: Wt. Frlce.. wt. Price. 84 hofrs 217 $9.60',S7 hogs 200 Jft.50 4 hogs 323 6.ti0 3 hogs 4rt7 S.fto 12 hoys X4o S.uU tf hogs 163 S.3. In its report of the feeder market Xor the week the Portland L'uion Stockyards Com pany says: "Conditions this week have been much against the trade, although a fair amount of business was transacted In this dlvUioo. The condition of offerings was bad, wet weather giving the cattle a rather stale ap pearance. The run Included a good many thin cattle from pasture. Prices broke un der these conditions, decline of 10 to 13 cents being in force for common to pretty gooa since me iirsL oi week, while 23 cents lower prices were In force on plain and common kinds than at th best time lasi week. Good to choice, fleshy feeders and yearlings were off the least, good demand and light supply serving to hold prices. "A good many Oregon buyers were in the mark tit for handy weight, boo lo 650 pounds class, selling from $3 to $3.50. A lot of : lighter on-s went to Washington, bringlr j $4.73 to $5.25 for pretty fair quality stuff, i Select fleshy feeders brought up to $5.75 and a few 105o-pound ones at $tt. Current quotations are: I Oood to choice, 800 to 1000 lbs... .$3,503-3 75 Fair to good, 700 to 950 lbs 4 75 a 5.25 Common to fair stockers 4.0i (t 4.50 Good to choice stock cows 4.50 4 75 Reviewing October trade at the yards, the Livestock Reporter says: Trading In the cattle division during Oc tober established several new records. First, all records for receipts of cattle and calves were broken, there being 10,422 head of cattle and 972 calves received during the month. The previous record month's re ceipts were established in January. 1009, when total of 10.042 were unloaded Sec ond, this month's movement of feeder cattle was thu largest In the history of the yards. An active demand prevailed, throughout the monin. over ;i.iui head were moved Into Orpgon, Wasnintcton and Montana feed lots. Cattlemen over the Northwest ar ranid- ly beginning to realrze the value of these yards ax a feeder rwarket. and In the future win look to this market as the place to obtain their feeder stock. Instead of going Into the country with big expenses to buy. The Increase In marketing over the same m-wuh a year ago was 4S32 head. The large gain also make up the loss for the year. which now show a gain of U-n cattle and 147S calves. Total receipts of cattle for the year are R2.b57, agvrnst 61. 131 last year; for calves, 3761 this year and 22S3 a year ago. Beef ateers are selling on practically the same basis as they were at the first of the montn Prime neavy beeves were bringing $tt 75 'g- 7.10 at the open in k of the month, while closing prices were $4.A5ff 7.00. After the f trwt few weeks' trading, prices began to lo er. best steers bringing only $H. 7o 10 day ago. hut from then on a general Im provement was made. Buyers bought freely tbrousrhoiTt. ever, above their needs, owlnc to the scarcity of cattle In the country to come to market during the Winter month. uooa ana lair neevee close a uie month somewhat lower. brine Irs: A to tf.;:5. ah'ainst $ 23 to $6.50 at the opening of the month. She stuff was In very good demand the first three weeks of the month, selling at steady prices. There hag been a heavy of fering mil month and prices are closing much lower. Prime heavy cows are selling at $5 45.25. against $3.4035.50 at last month's close. A very good demand all month for bulls, which ruled strong. A number of prime heavy bulls brought $5. against $4. CO, top a month bko. Bulk of good bulls are selling at $4 to $4.50. Heavy trading continued throughout tbe month in the feeder dlvialon. Prices were about the same all month, although several times a weakness appeared, tout was re gnlned. Choice flesh feeders brought from $ to $6.S5 several times during the month, but the bulk of good stuff brought from $3 to $3 75. Many off -quality feeders were moved from the yards during the month. Cattle Price. Steers, orlme $A40a7.0A blears, acod . . o.uv iro.'J Steers, common to fair Cows, choice ... Cows, medium to good . . Cows, ordinary to lair Heifers Bulls Calves Hogs Prime Good to prims mlxsd Rouen heavy Pigs and skips Sheep Lsmbs Yearlings, wethers Old wethsrs Ewea t- .... d.02i5.73 .... 3.50 416.00 .... 4..V?t 5.0 .... 3.6Otf4f0 .... 4.00U5.25 . ... 3 004.25 .... 4 & 7. 3 . . .. 23tfB 0 .... 8.25900 .... 9. 8 2.1 . ... 6.00 u $23 . . 8 00 W 8 75 .... 7.00 r$ 7. 50 6.23U 6.30 . .. . 5.00 -3.50 y Omaha Llrestock Market. OMAHA. Nov. 4. Hogs Receipts. S0O. lower. Hesvy. 9 30j!t.60: light. 9.50 9 75; pigs. fS.S0flS.5O; bulk of sales, $9.40 it 8.55. Cattle Kecelpts. 100. steady. Native steers. fA.75tt.ll: cows and heifers. 15.75 7.50: Western steers. 6.S03 9: Texas steers. jt7: stockers and feeders. 5.75i&8. Sheep Receipts. 200. steady. Tesrllnrs. J7f)S.50; wethers. .ojs: lambs, iiq.Z5; 11.00. Chicago Livestock Market. CHICAGO. Nov. 4. Hogs Receipts, 19. 000. slow, 10c to 15o under yesterday's aver age. sulK. riittw.oo; iigni, is.txig? s.ro: mixed. $9.0539 80; heavy. I0.1O8.8u roush. $9.1029.25; pigs. $9.2538 23. Cattle Receipts. 60O, steady. Native beef cattle, $6.7S9U.7n: western steers. a 40p 9 75: stockers and feeders. It.ma 7 J cows and halfsrs. "$3.509.50; calves. $7.50 611 SO. S-teep Receipts. 1000. flrrn. Wethers. t7.6u3S.7J; lambs, $3.40 810.60. Waif Street Pays More Heed to Political Factors. LEADERS UNDER PRESSURE Minor Speculative I?su Kecord Gains. With Several New High Records Important Rails Are Inactive. NEW YORK. Nov. 4. Speculative Inter ests were again Inclined to pay heed to political factors today, the short period of trading being accompanied by more or less irregularity. Important stocks. Including United States Steel, were under moderate pressure with metals, motors. Crucible Steel, Pressed Steel Car. Atlantic. Gulf A West Indie. Pullman and paper Issues. Offsetting features were found in Sloss-Shef field Steel, which rose 3 points; Columbia Gaa up 3H to the new record of 45 ; National Enam elling common and preferred. Continental Can. Baldwin Locomotive, Mexican Petro leum and Montana Power. Kails were comparatively inactive, the only noteworthy features being Norflok A West ern at an advance of li Peoria A East ern, which robe 2 points, and Seaboard Air Line preferred. Duluth, outh Shore A At lantic common and preferred, and Toledo, St. Louis 4: Western at gains of 1 to 2 points. Total aales, 523. 0o shares. Market news of more than ordinary sig nificance Included the announcement of an other rise in the price of refined coppers, the advance applying to deliveries running into the first quarter of the coming year, and indications of still higher quotations for fabricated eteel and iron. Industrial cen-1 ters reporting pig iron at a premium. Foreign gold received during the week accounted In large measure for the actual cash gain of over $22.ovn,0oo hon by local banks and the further substantial ex pansion of excess reserves to almost $123.- 000.000 against little more than half that amount the middle of September. There was a lessening of offers of Inter national bona, out tnotte issues were mostly Irregular. Total sales, par value. $2.470.o00. United States bonds were unchanged on call during the week. CLOSING STOCK QUOTATIONS Closing sales. High. Low. 1. K--0 10HW 102 Si 3.20 -4 : 2, im 70 S !3 in.r.oo 2 90 3.20O 1 124 11 1 s l.loO 121 120 1.000 13H 1 3A 1.40O 54 3t 2.3'tO 17 T lK 1.200 106 Un; t..tfc'Hl S7 5t Tort Kb'c SS 7V M'4 84 bid. Api Bt Surar. American Can. . . A m Car A Fdrv. . American Loco.. Am fcm & TWg-. . Am Fug RKt. . . Am Tel Tel. . . ArnZLttF Ansrorrta Cop. .. A tch tjton Baldwin Loco... Ka!l A Ohio ftr Ksp Transit . B S Copper. . . f'al.f Tetro! Canadian r'st'if. Central I.ath r. Chen A Oil to. . . . C hi Mil oi P. . Chi N v r R I t P Ry Chlno Copper. . .. Colo Fu & Iron . Corn ProU RefB. CruclMe Steel . . . Dlsl ecurltla. . Krie Oenpral Kiectrir. nt North pfd . . . t Nor Ore ctf.. Illinois tVpt i a I .. Int Conrol C'rp. Inspiration Cop.. Inl Harv. X J . . . Int M ,M pfd ctfs. K C houthero . . . Kennecolt Cop. I.ouls A Nash . . . Mexlcsn Petrol.. Miami Copper. .. M K A T pfd .... Missouri Pacific. Montana power. National Load... t3 , 60 1 1S3 ."3 l m: ItHi'. S7 ss 84 1.600 69 CS Wi t: , .-.en 9,.ltH 1.1 HW 200 ' "ino .30O 1.1HO l.Srtrt 14. m t'pOO 2.4ii .t0 " V.iotS :ii't S.ttrtO 10..V10 ..Too 7.70 4 12.2O0 " V.4"it 2.M0 60O 1100 200 " 3..VO0 .-.no 7.S0O Immi 200 2.600 10.200 .Ccx 3.700 5no I.IWU soo POO 4.800 lf'O 74.400 1 . 17.200 "400 17SH ! 02 4U SN 1"2V, 'i-i'-i iii' 1! e 1 1 v 155 iii v." 'io'i 100 ios'i r,i 4. 1 45 U2'; 2(1 x "SSS 29 H 109', 7si .-.I S 101 2-i 12, 255- 150; 142V, 120, 122S 1124 ioi' " 172 J r.s 1014 91 S 45 'i 162 "42", l.s l'i 7 1 ltt. 117W 27 K 54 iiovi "iti"" 99-, bSVx ios' ' 4i 14:i 112 26 2 1p1 SI 11K' 2S, 127S 22S 24 V, 15'. 141 1 10H 12m 1114 ioi 1T2 94 12b V, 19 45', 12 US', 4- ll7 10 7Vi 1 1 11 27 54 131 111 :t9 i inn i ; 6S 24 ', ios i, 14.:, 112 & 25 ins", 77" :tl It'l 2SS 12, 22 . 224 l.-.f'S 142, 121", 30 Nevaaa Cop New York Cent.. NYNH4H... Norfolk A- West. Northern Paclf.. Pacific Mai! Pc Tel A Tel. .. Pennsylvania . . . Ky Consol Cop. Heading Hep Ir 4 Rteel. .. Phar Arts Cop. .. outhm Pacific, youihern fly .... ludubaker Co. . Tennessee Cop. .. Texas Company. Union Pariic. . . V S Ind Aicohol. C Hteel ao pid 1'tsh Copper Wahssh pfd B. . western I nlon.. 102 - tatin( E lect . n.ooo C5 4i Tutal sales for the dny, II5.000 shares. Money, Exchange. Kir. NEW YORK. Nov. 4. Mercantile paper. S,. Sterling. 60-day bills. (4.71V: com mercial. 60-day bills on banks. $4.70 to 4 71: demand. $4.7:S.: cables, $4.7rJ f-ld: francs, demand. 3.S4;: cables. ..b:i: marks, demand 704; cables 70 3-lrl; kronen. demand 11 8S: cables 11.H9; guilders, demand 41: cables 411-14: llres. demand 4.71: cables d.70',, : rubles, demand 30.70; cables 30. 5. Bar silver nss Mexican dollars 53. Government bonds steady: railroad bonds firm. PAX FRANCISCO. Nov. 4 Sterling 4.71 t : demand 4.754s; cables. 4.76H. Mexican dol lars 52. LONDON, Nov. 4. Bar silver 32 d par ounce. Money 5 per cent. Discount rates chort bills. 514 05 per cent. RESERVT.S BUILDING IP RAPIDLY New Tork Ranks Report ThlrteVn Millions Gain In Wrek. NEW TORK. Nov. 4. The statement of the actual condition of clearing house banks and trust companies for tho week shown that they hold $124,107,040 reserve in excess of legal requirements. This Is an Increase of i:.rt-'.i.-lt over last week. in statement follows: Increase. Loans, dlsoounts. tc.t3. 857.047.000 $24.43.OuO Reserve In own vaults 474.C75.0UO 20,771,000 Reserve In Federal Reserve Banks ... 1T6.087.OO0 Reserve In other depositaries- P3.210.ofto Net demand deposits 3,359. 72.1. 000 Nef time deposits... 10rt.siw.noo Circulation 31.377.000 1.642. 0O0 212.000 48.H73.Oitu 21.000 3.000 Of which $404,432,000 Is specie. Decrease. Aggregate reserve $703,972,000. Excess re serve $124,107,040; Increase $13,325,210. Nummary of Htate Banks and Trust Com panies In Greate-r New York, not Included In clearing house statement: Increase. Loans, discounts, etc, $734,202,300 $ 354.200 Specie 8O.fiOS.500 175. BOO Legal tenders 9.723. eoo 50.800 Total deposits 934.720.1OO 18.276.4K0 Decrease. Ttanks cssh reserve In vault $18,034 r0. Trut companies cash reserve In vault $37,- 311.S0O. LESS SUGAR IS USED HIGH PRICES HAVE CTJX DOW1 COXSCMPTIOX. Increased Ontpvt In Western Hemi sphere Lararely Of feet a Decrease in Europe Grower Praaperowa. In a review of the sugar elttiatlon. par ticularly the effect on the market of hlg-h prices, an Eastern authority on this sub ject writes: e There nas been a falling off In the con sumption else the supply would not have filled the demand. Even In the United States, where prosperity reigns and sup posedly economy in sugar would be the last thing thought of, there hss been a decrease. Confectioners have felt the high price ss well as the thrifty housewife, substitution of corn sugar where possible being the order of the aay. It la significant that although exports of granulated have been on a big scale, the msltlnga do not show a commen surate gsln. The production of sugar has been stimu lated by the big profit to the planter who Is making fuily Sp a pound both In this coun try and in Cuba. The latter country will make at least 400 000 tons more the coming crop and as compared with before the war th gain should ba a round million tons. A domestic beet crop over a third greater than in 1!1- Is corroborative evidence of ths I rr pet as to output In his h prices. So marked ha been the proems that abo'it Lto-tVrds of th- gar l-ft by the reduction in curopean oe-'i crops ran aireaay nrru filled by gains In other quarters. In Cuba, there are many new plants going Info operation the coming season, and the eo-icertrraiion of control in the industry on the island means more efficient operation through the medium of improved machinery snd businesslike methods. The same thing can be said to a less extent of Louisiana, where the-planter no longer ha the night mare of free sujtar to prevent his best ef forts for large crop, protection will cause the best production to mount steadily. Futurea reflect favorably the situation In actual sugar, in fact they have been a splendid barameter as to what might be expected In raws. Tbe sharp fluctuations periodically have afforded opportunit y for tho speculatively Inclined who naturally do not take to dormant commodities. Com parative scarcity of sugar to make deliver ies on contracts. It is argued, will keep December strong, stress being laid in some refining circles on the likelihood of the Cuban new rrop belli dt lavel and hence not availnbie for this position. With new crop motthi. it Is another question and tnere is undoubtedly selling of a hedging nature by the planter who finds the oppor tunity empttn to market his crop at high prices before even starting grinding. The fo'lov;ng gives comparative prices for tho paat four years: 1S15 1914 1P13 Raw Pugar 6.64e 4.80e 4.1 4c S4r Granulated 7 vc ft 25c O.OOc 4.23c WETTWICE.GR0WS8FEET REMARKABLE YIELD OP" SI DAN GRASS IX NALHEl'R. Application of Lime In Cornfields Pays for Itself First Tear, Milk Reneflt to Follow. CORVALLIS, Or.. Nov. 4. (Special.) County agricultural agents make Interesting reports to btate Leader Mans this week, as follows: Maiheur County Tho first four days of this 'ftk 1 spent In the Brogan and Cow Valley country. Near Brogan, where I had a trial plot of Sudan craas. I found that with two Irrigations tbe grass had grown about eltlit feet high, and had matured fine lot of seed. Tbe sweet properties of this grass cause the cattle to cat even the coarsest of It. I believe that this will be geod crop for newly Irrigated land that hard to Irrigate, for it aoes not require a targe supply, fifteen farms were visited. W. W. HOWARD. Multnomah Several of the lime demon l rations were visited the first of the week. toe only real marked results received were In the Melds of Air. Mullenhoif ana Mr. Johsnsen. In the case of tne lormer the application of lime at the rate of two tons per acre, at a cost 01 $11.42, returned $13.1 in green corn tor the silo at a Iigure of $ 5o per ton for the green corn. Too yield was Increased Irom 5.2! tons per acre on the unllmed part to lu.tiu tone 011 the limed Hold. 1-igurine ety conserx aliveiy. Mr. Mul lenliofr paid for hia lime 1 he first year and will have the increased results for the succeeding years aa clear profit. la the Held of Mr. Jouanscn the Increase of yield was from 11.5 tons to 13. S tons, or an increase 01 2.3 tons, which, ai $j.."i per ton, would return $5.35. or more than one-hall of the cost of the lime f. o. b. The encouraging part of these trlala ia that very little, ir any, reaults were expected this first year, as the application wai made very late, and ground lime rock was used, which is rather slow becoming available tor plant use. s. B. HALL. Wheeler iteporta have been circulated through this section that the seed wheat was of low germiuating power, mo samples were taken from diiiervut growers aud tests are to be made ot each sample. Considera ble slock is changing hands and numerous inquiries come in segsraing purchasers and asking for available animals. During the past week several cattle, bog and horse dealers were seen and lists of salable stark given them. Twenty-two farms were visited. C. U JAMISON. Yamhill On Monday the County Agricul tural Council met. During this meeting the project committees repor.ed on the work dune on the projects, tilale Leader Maris was present and presented a budget for next year s work. This budget was discussed and approved unanimously. un Thursday the silo demonstration tour took place, and It proved by far the most sucresefui demonstration held so fur In the county. Forty-four automobiles, carrying 20O people, took part in the tour, which took us to 10 farms, where el;ht different kinds of silos are in use. After the crowd had inspected a silo and its contents, the owner gave statistics regarding Its cost of construction, cost and method of filling and many other facts regarding his experience with silos. Many questions were asked, all of which helped to make the occasion a most valuable educational reature. This was repeated at each larm visited. Much Interest was shown in studying the methods of stsbllng of livestock on the dif ferent farms, and on several farms the live stock Itself was the center of attraction for a few minutes, until tbe meeting began. M. S. 6HROCK. L'niitn Have been caecklng up on work aone tnia season on apples and potatoea Am finding treated potato fields are pro ducing bitter than untreated fields. Am finding Invariably where seed was not treated that - the yield was not what was expected, and the farmer always lavs it onto the weather, not enongh moisture or premature frost. PAUL H. SPILLMAN. Tillamook At the Holsteln Breeders" me-ti:,g on Mon-lay the association decided to send tit Wtsconain for a carload of pure bred Itedlgreed heifers to Increase the breeding stock of the county. Money was secured at the bank by a Joint note signed by some 15 men and Charles Kunse and I wer appointed as the men to make the trip and bring back the cattle. Consequently. Mr. Kunze snd I started on Wednesday moralx.g end spent the rest of the week en route arriving In Madison. Wis.. Saturday nltfht arxjut S:30. We Intend to confer with some of the rrer. from the oalry depsrtment of the university today. Sunday, and then start out on our search for heifers. R. C. JONES. Klamath Demrnstratlon work In Klamath County Is coming out fairly satis factory and results are a good deal better than expected for such a frostv season. Sixty-day oats are showing up well In a number of the dry land sections of this countv and also emmer. Considerable quantity of the sixty-day oats will be sown next year. whim Is procticatlv due to lh. demonstration work this year. This Is also true of emmer, but on a smaller scale. rammer Is a new crop In this eectlon. and the reaults of the demonstrations arranged this year in tho dry land sections were re markable. The emmer was not touched by frost, when wheit and oats alongside were nlr-ped very tad'y. The iunr t-eet trials In this section came ou! very well In aplto of the severe season. Arranem-nta are being made 10 have the beets raised In this section tested out for sugar content. The Klamath Commercial Club and this office are working on this project co-operatively. Twenty-eight farms were visited during the pest two we. ka R. OLAISTEIL Lsne The firrt part of thl week was spent In helping the Bsnk of Commerce stage a crn show. There were 117 entries and the ahow exceeded the expectations of everyone. It came at an opportune time to register the corn-growing industry tn Lane County for the observstlon of the public It received a great deal or creditable com ment. N. s. ROBB. Naval Stores. SAVANNAH Nov. 4. Turpentine, firm, 4Hi3 47c: sales. 248 barrels: receipts. Sb.t barrels; shipments. 106 barrels: stock. IS. Hi bsrrels. Rosin, firm: sates. 1661 barrels: reecipts. IS2S barrels: shipments. 675 barrels; stock. 74.7M barrels. 0.uote:A, B. $6.25: C. r. e) I7'., : E. V. G. H. I. K. M. $8.33; N. $6.50r WG, $6.60: WW. $6.80. I-ondon Wool e. LONDON". Nov. 4. The offerings at the wool auction sales todsy amounted to 7530 bales. It wss an excellent selection, and ss buyers w-ere keen for supplies. Merinos gslned 10 to 13 per cent and cross breds lo per cent. Scoured Merinos sold at 4s 144 and cress breds at 3s lid, while geelong gTeasy Merinos made 2e i,d. a new high record. Night Drinking to lie Curtailed. MELBOURNE. Australia. Nov. 2. The Iesislativ Otvunet has passed the bill providing- for the closing of pub lic houses at 6 o'clock In the afternoon. An amendment was carried permitting the sale of alcoholic liquor with meals served between 6 and 8 o'clock, however. IRON PRICE CLIBS Advance in Finished Products Expected Soon. COPPER IS LIFTED AGAIN Stoek Market Operations In Pa Week Largely In Professional Hands Cessation of Gold Imports From Canada. NEW TORK. Nov. 4. The obvious feature of this week's fairly active market was the preponderance of professional operations. Speculative specialties and low-grade rails were again to the fore as substantial gains There were numerous new maximums saai tional to those regarded by Lnited States Steel and Utah Copper, but these were tne outstanuing leaturi. An unusually large percentage of the tracing came from professional sources, pub lic, interest being held In check by various atvelopuienta. including soma of the latest pnasis of the International situation. It was not denied, however. that domestic conditions, aa inaicated by railroad earnings, unceasing aemand for raw- and finisned prouuets of all descriptions and the super abundant supplies of cash favored tue long account. From the speculative standpoint, the most Intel esung- feature was the turther inquiry for low-priced rails, some of which made their best prices in years. Conspicuous among these issues were Rock Island, whose annual report gave promise of an early re lease from the existing receivership; Chi cago Ac Alton and others of the same class now emerging from, or In process of re organization. More gold was received from Canada, but bankers in control of that movement in timated a temporary cessation. Sterling and francs were without material change, but discounts on Australia, Italy and Russia were more favorable to this countrj. With pig iron at a premium and orders rejected almost aally, it is assumed Uiat higher prices soon will be announced for finished products. As for copper and allied metals, dealers quoted another advance for nlgner grace copper to oe oe.lveraa in the fii-si quarter of li17. Domestic Inquiry shows a steady increase. The week's recessions In war bonds prob ably resulted from selling- bv holders who aesired to partlt-tpare In the new British issue of :i00.0oo.0oo. already fully subicribed. Another Russian i-,11 or credit of oU.Ooo. 0O0. unsupported by any collateral, has been consummated, making a total of some thing like 2.00.o0u.0u lent by American financial interests and Investors to foreign countries, exclusive of South America, since the outbreak ot the war. llECKKAbK IN HILLS DISCOUNTED Total Reserve of Federal Bunks Larger for the Meek. WASHINGTON. Nov. 4. The Federal Re serve Board's statement of the condition of the 12 Federal Ke5erve banks at the cose of business November 3. Issued tocay, shows: Resources Oold coin and certificates In vault $27.137 0.r Go.d settlement fund 12,.041.oou ejo,u redemption tuna with U. S. Treasurer .. . . 1.S84.0UO Total gold reserve Le&ai ti,der notes, silver, etc Totsl reserve -$4t7. If 2.0imi o.4.ouo $H4.t-;u.000 Five per rent redemption fund against Keueral Keaerve ben nutes Bl..s discounted and bought 42O.0UV) Maturities, within lu days $ 12.03u.Ch "rom 11 to 30 clays 23.:.7.m'o From 31 to days 41.1'7.;.u'-0 From 61 to Vhj oas 2rl,7 l'j.i, Over fh daya 1.2ti3.00u Total $lU4.763.uut Investments Un,ted States bonrls $ 40.340,OOu One-year United Ststes Treasury notea 11.367.000 Municipal warrants 4.1o0.Ov0 Total earning assets $l0.77i.uuO Federal Reserve nutes. net $ 17. 74y.u'Hj Due from Federal iveserve banks, net 34.77S.0to All other resources 3.071. ooi Total resources LlaLl.lllea Cspitul paid in Government deposit, Member bank nepoplis. r.et.... Federsl Reserve notes, net.... Feueral Reserve bank notes circulation All other liabilities .$i.Vi.-M.0to .$ 33.7t'a.voo 2b.6t.ti . 3A2.3M'..0'o 12.ti-7.uiKi 11 1.03 1.000 42.".0OO Totst liabilities $;.O.S64.tiOo Gold reserve against oet deposit and note llar-dtlea. 72. t per edit. Cash reserve acairet net deposit and notw llshliltles. 74.1 per cent. Cssh reserve against net deposit ltablllti's after sett.ng usiuea 4o per cent fcold reserve sgalrst aggregate liet iiabl.nles on Federal Reserve notes in clri-ulst.on. 74.9 per cent. London on Parity Baals. LONPOX, Nov. 4. American securities were simply adjusted to parity on the stock exchange here today. OVEKtfiiCK & COOKE CO. Sraaera. Stnefc ftonds. leitex irata. Ken. I6-I1T BOARD Or TRA11F. nl PV MsvMalxvaUt CHIL'AnO bOiSU Uf TRAlaV erreepoaoe-wte ef f Of,p a Sr,t Chic age a ad Sew Vera HEMBEBS rw Ta Mack Esrnaaee Chlcavgo Murk Ciehssir Uoetoa Mock Kschaege. C birago Hoard of Trade. New fork t otto fcxehaage New Orleans Cotton tCsehiige. New lark Coffee kirbssia New lork froduee a.xciiaga Literpowl Cotton Aee'ew TRAVELERS' Cl'IDK. ALASKA Prtnr Kaperl, Krtrhiknn. MnnrfU, 1rirhtirtr. Jnnf-an. Trrtl-U. Iuk Thane, 1 Irsi., ( kjc vt my , 1 ordova, mA tlcx mod lyward. CALIFORNIA VI Prattle r n FYarlctco to Lo Antri itnd Sun Diito. Lr jptt hip. unKia;(l service, low rat", Includin tnai and berth For particuliirji app'v or tMpftcnT PACIKir NT K A MM I IP COMIM.M. Ticket Office. 49 axlilnKtou- l. rmc Main 229. Home A :!?f:i. EUREKA- Coos Bay, San Francisco S. S. BREAKWATER 6 P. M Tuesday, November 7. 122A Third Street. Phone Main 1314 and A 1314 HONOLULU fhe Way to Cd&StfZZ' OCEANIC8.S.CO. "au' sosMts-.-vEiiim' I71att.su Ja.Fraicha.UL Ist.CL ?ndMS itm k rev.aaereiie Sauiruts everr 21 isra. W Iour.ii7.60ici V Not. '.. Not. tS, rice. Ig AUSTRALIA .7 Honolulu, Suva, Now Zoeu.od THE PALATIAL fASsKMil-K STCAMtR) K-M.ft. -MAOARA." H.M.K. -MAKI KA IKu.eOu tens die) 11S.S0O tons diet ail from VANOOrVER. It. C. Not. Si. Iiec. to. Jan. 17. reb. 14. Apply Canadian la le Railway. &S Third Ht.. Portland. Or. or tm the Canadian Australian Rd,I Mai) Una. 444) beisovur titreet. laavcaunoc. at. C