THE SUNDAY QREGOXTAX, PORTLAND. DECE3IBEF 31, 1916.
13
WHEAT IS USED HERE
Receipts Jn Past Year for
Coast Consumption.
SURPLUS SHIPPED BY RAIL
Movement of Flour and Oats From ,
Interior Larger Than in 1915.
Brewing Barley Is Not Re
quired In Northwest.
Wheat receipts at Pacific Coast ports In
the year Just closed were limited to the
quantl-ies required by Coaat millers The
exportable surplus, as was the case In the
latter part of the preceding year, was sent
by rail from the producing sections of the
Paclflo Northwest to the Atlantic sea
board or to the gulf to be shipped from
there fo Europe. Arrivals of wheat at
Portland during the year were, therefore,
far be'tw the receipts of former years.
Barley receipts were also sharply re
duced, as none could be exported from Pa
cific Coast ports, and the demand for
brewing barley ceased here when the man
ufacture of beer was prohibited. There was
a gain in the movement of oats. 191G re
ceipts being the largest in the history of
the port with the exception of two yer.rs.
Plour receipts also exceeded those of the
preceding year. There was a decline In
the hay movement, due to a lltrhter crop
of marketable hay and the difficulty In
getting ears.
The statistics here given show receipts
of these commodities at Portland during
the past eight years, the. compilation being
that of the Merchant's exchange:
Wheat
1916
1915
1914
1013
Bn rley
1916
1915
1914
1913
Flour
1916
1915
1014
1913
Oats
1010
1918
1014
3 013
Hay -
1916
1015
1014
B'shels.l Wheat B'shels.
. ..871. 80IH1912 21.1180.700
. 1 7.7."0.30o!lll iri.885.300
.BO. Ml, B00' 1010 13.24S.7O0
.S3,07..00UI1S09 11. 544.000
Tonal Barley Tons
....15,540 1912 55.705
. . .69.40.')il911 22.400
81.3751910 21.420
. . . .S9.8S0I1909 45.810
Barrels Flour Barrels.
. . 7.1. 000 1912 017.600
:. 5C0.40OI1911 1.1O9.600
..1,124.800 1910 915.200
. .1.173. 200. 10O9 937.O00
T"ns. I Oats Tons.
43.000 1912 41.575
.35.72511011 33.025
. . . .48. 50011910 29.430
. .. .44.025;1909 30.550
Tons. Hay Tons.
... .30.72011012 43.500
45.0301911 68.400
. . . 46.000H910 56.220
366.04011909 54.640
1013
Total receipts at Portland, in cars, as
compiled by the Merchants" Exchange, were:
Wheat Barley. Flour. Oats. Hay.
1016
1015
1914
1013
101B
. 5.280 444 1.084 1.744 1.536
.13.001 1.083 1,416
.15.855 2.325 2.812
.17.748 2,567 2.;'23
.18.569 1.593 2.294
1.429
1.940
1.701
1.603
251
2.300
2.X30
2.175
WHEAT BIDS UP WITH CHICAGO
Loral Dealers Await Reopening; of Market
Next Tuesday.
The wheat market yesterday was an un
important affair. There was some Inquiry
from the East, but It was not pressing
Bids at the Exchange were raised chiefly
because the Chicago market was higher. On
all sides there was a disposition to wait
until the reopening of the market on Tues
day before making commitments.
Broomhall cabled: "Wheat arrivals mod
erate and demand good. Spots unchanged
with holders reserved. Cargo market un
changed with Winters and Manitoba! not
e offered, purchases difficult. Corn strong
with advancing spot, few offers.
"Australia Holders of all grains reserved.
"Rosarlo Merchants are holding firmly
and foreign bids are higher; arrivals in port
limited and stocks 'tight.
"United Kingdom Arrivals moderate,
country markets firm with offers light, for
eign purchases difficult owing to scarcity
and firmness of offers. Larger shipments ex
pected from Gulf ports.
A tabulation of the sales at the Portland
Merchants' Exchange In the past year shows
the following business as "compared with the
preceding year:
Sales 1916. 1915.
Wheat, bushels 430.000 3,068.600
Oats, tons 5.300 32,100
Barley, tona l.lO0 8,900
Urau, tons 2,700 3,800
fchorts. tons 700 1.2O0
Th total value of transactions on the
board In 1916 was 3S11.770, as compared
with $5,313,341 In 1913.
Total earlot receipts In December of this
snd last year compare as follows:
Wheat. Bar. Fir. Oats. Hay.
December. 1916 434 25 92 289 818
December. 1915, .... 1015 183 201 SO 262
Terminal receipts. In cars, were reported
by the Merchants' Exehange as follows:
Wheat. Bar. Fir. Oats. Hay.
Portland. Saturday. 15 1
Year ago, holiday.... ...
Total this week 118 4
Reason to date 3311 111
Year ago 86BO 1221
Tacoma. Friday 39 ...
Season to date 4823 inn,
Year ago 6138 36S
13
11
22 89 90
887 1310 1133
S0 739 12SO
3 13
. . . 222 1246
... 246 1411
Seattle, Friday
Year ago. . .
...6777 1103-1336 050 2597
NO WOOL CONTRACTING IN OREGON
Growers In Eastern Counties Refuse to Sell
Their Clips Ahead.
Oregon woolgrowers are not contracting
their 1917 wool. Bids have been put out
by buyers at various points in the East
ern Oregon sheep growing sections, but
the growers have flatly refused all of
fers. In the present strong condition of
the wool market, they are not likely to
he tempted to sell ahead, particularly as
' those who held their wool longest this year
received the best prlcea In the Southern
sections around Klamath Falls, San Fran
cisco buyers have made their customary
forward purchases.
In Montana and Wyoming efforts are re
ported to have been made to contract wool
with no particular success. A litOe fur
ther business has been done in Utah and
Nevada In the latter stats the early
shorn wools are apparently pretty well under
contract and about half of the state seejms
to have been accounted for. Prlcea in Utah
and Nevada are reported at about the dol
lar clean landed basla. A little wool la
said to have been taken in Western Idaho
at 26 to 29 cents In the grease.
ONIONS ARfe UP TO THREE CENTS
Buying- Price Is Advanced at Country
Point Potatoes Unchanged.
Onions wore advanced to the 3-eent mark
yesterday, when buyers offered that price
at country points. The demand Is strong,
but the cold weather has checked the move
ment. The low temperature Is also against
operations in the potato market, where buy
ing prices remain unchanged at $1.23 01.40.
AH kinds of fresh and root vegetables
are tending upward. Tha first car of
Northern California cauliflower was started
for this market on Friday. The stock Is
put up In one and two-dozen crates and will
probably average larger than the Los An
geles cauliflower. Celery Is higher because
of unfavorable weather in the south. " Cu
cumbers are scarce all along the Coast.
The frost on the nights of December 27
and 28 hit Southern California hard, but
no advices have l?.i received of damage
done to the orange crop. Dealers would noc
be surprised, however, at a sudden advance
In prlcea.
i
EGG PRICE IS FTXED BY WEATHER
Demand Is In Excess of Present Receipts.
Butter Firm.
Eggs were the firmest Item Id the prnd-
. uce list yesterday. Tha price generally
asked on the street waa 40 cents, case
count, and the demand exceeded the supply.
The course of the egg market from now on
will depend entirely on the weather. .
The cold snap has made for a firmer but
ter market, but receipts are still fairly
large and former prices are oeing main
telned. .
Poultry receipts were light during the day
and cleaned up at uncnanged prices. The
bes dressed turkeys sold at 30 to 32 cents.
Dressed meats were firm.
STEADY DEMAND VOR COAST HOPS
Trading in Three States at From Seven to
Nine Cent.
The year closed with a moderately active
hop market. Among the latest deals were
the sale by Tom Holraan, of Cola, of IDS
bales to Ralph Williams and 127 balea to
T. A. Uvasley A Co. Tom Leaman. of Al
derton. Wash., sold his crop of 120 bales
at 8Vi cents. Transactions ranging from
small lots up to carloads were reported from
Oregon. Washington and California at prices
ranging from 7 to B cents.
W. lewls Rose, manager of the Wlgrich
Ranch at Independence, contradicts tho
statement made a few days ago by a Mon
mouth iMaMMjj i. . - r ,,
hop acreage of the ranch will be nlowed up.
Mr. Rosa says he does not Intend to plow
up a single hill, but Instead contemplates
Increasing the acregae considerably. All
depends on weather conditions whether the
work will be completed this sason or not.
BANK CXJEARINGS BREAK RECORD
Nearly Twenty-two Millions Larger Than In
Best Previous Year.
Portland bank clearings in 1916 were the
largest in the history of the local clearing
house, amounting to $640,775,141.36, as com
pared with J 554. 4 4 0.7 56.28 in 1915 and.
$627,818,010.81 in 1913. the previous record
year. Total clearings for the past eight
years follow:
$649,775,141
f 354.446.756
578.884.018
1013 627.818,010
101-' 59T.O--7.8.-
657.404,848
1910 517.171.867
100p 391.028.o90
Portland bank clearings In December of
this and former years were:
December, 1916 $58.526 894
December. 1915 48.084,703
December, 1914 45,015.837
December. 1913 83.031,393
December, 1912 ..' 50. 638. 60S
December, 1911 45,401.611
December, 1910 44 854,285
December. 1909 37.442,165
Bank clearings of the Northwestern cities
yesterday were as follows:
Clearings. Balances.
Portland $1,037,381 $264,467
S.attle 2,470.881 255,292
Tacoma 358,125 118,445
Spokane 883.871 142 449
Bank clearings of Portland. Seattle and
Tacoma for this wek and the corresponding
week in former years were:
Portland. Seattle. Tacoma.
1016 $10,422,071 13.1S3,382 $1,931,502
191." 8,300. :r70 11,025,295 1.467.092
1914 10.109,36". 11.210.023 1.737.480
1013 10.072,262 10.307,733 8.463.463
IMS 0.52O.539 10.824.062 3.768,876
1011 0.429.124 9.591.093 4.312.109
V.'iO 9.234,381 12.596.062 6.955, 3c2
li'OO 6.863.462 8.938 952 4.932.936
1908 5.018,980 7.360. 100 4.052,539
1907 7.214.200 8.40S.030 4.380.491
191XJ 4.06O.452 5.427.025 3.570 822
19-05 8.974.139 4.372.763 2.124.510
1904 2.483.658 3.466.154 1.057.274
1003 2.922.102 3.423,181 J.83.990
1902 2,272.657 1.934.475 820.133
Lower Provision List.
A new provision price list has been Issued,
effective Tuesday, in which are noted de
clines of half a cent on noma, one cent
on all grades of bacon and half a cent on
compound lard.
IORTLAND
MARKET
QUOTATIONS
Grain, Floor, Feed, Etc.
Merchants' Exchange, noon session
January assswery.
Wheat
Bid.
Bid. Yr. ago.
Bluestem ..............
Fortyfold
Club
. ..$ 1.53
$1.01
. .. 1.46
. . . 1.42
'. '. '. i'.io
... 85,00
. .. 87.00
1.00
.08
.95
.95
24.00
20.00
Bid.
$ 1.54
1.48
1.43
1.42
85.20
87.00
$6.60
whole
Red fife
Red Russian
Oats
No. 1 white feed
Barley
No. 1 feed
Futures
February bluestem
February fortyfold
February club .
February Russian
February oats
February barley ........,... '
FLOUR Patents. $7.80: tr'alshts
07; exports, $8.80: valley, ;.;,
wheat. $8; graham. $7.80.
M1LLKEEO Spot prices: Bran
$26.50
per ton; shorts, $3u.50 per ton; rolled bar
icy, .r;"i.'
CORN Whole, $46 per ton; cracked, $47
per ton.
HAY Producers' prices: Timothy, East
ern Oregon. $19021 per ton; timothy. Val
ley, $16(8.17 per ton; alfalfa, $17018; Val
ley grain hay, $13015; clover. $12.50.
Dairy and Country Produce.
BUTTER Cube. extras, 35c; prime,
firsts. 84c; firsts, 33c. Jobbing prices:
Prime extras, 37038c; cartons, Tc extra;
butterfat. No. 1. 3Sc; No. 2, 36c, Portland.
CHEESE Jobbers' buying prices, f. o. b.
dock, Portland: Tillamook triplets, 20c;
Young Americas, not quoted.
e.jjH Oregon ranch, current receipts.
40c
per dozen,
per dozen;
Oregon ranch, candled,
Oregon ranch, selects.
43c
45c.
POULTRY
16c per rnnd;
dressed, 30 0 32c
12 c.
Hens, 1417c; Springs,
turkeys, live, 230 23c;
ducks, 15016c; geese,
VEAL, Fancy, 14014HC per pound
PORK Fancy. 12012HC per pound
Pruits and Vegetable.
Local Jobbing quotations:
TROPICAL FRUITS Oranges, navels.
2 .-.' 2.50; Japanese, 85c$1.25 per bundle;
lemons, $3.2503.73 per box; bananas, 3c per
pound; grapefruit. $2.7503.00; tangerines.
$1.25 per box
VEGETABLES Artichokes, 90o Of 1.10 per
dozen; tomatoes, nominal; cabbage $2 50
per hundred; eggplant, 25c per pound: let
tuce. $2: cucumbers, $1.50 $j 2 per dozen;
celery. California, $4.75 per crate: cauli
flower. $2.10 0 2.25 per crate; squash lVc
per pound.
POTATOES Oregon buying prices, $1,260
1.40 per hundred; sweets. $4 per hundred.
ONIONS Oregon buying prices, $3 per
sack, country points.
GREEN FRUITS Apples. 5OC01.5O per
box; pears. $1.5002.50; cranberries, $11012
per barrel.
Staple Groceries.
Leal Jobbing quotatlona:
SALMON Columbia River. '1-pound tails,
$2.40 per dozen, one-half flata, $1 30- 7
pound flats, $2.50: Alaska pinks. 1. pound
talis, $1.23.
HON BY Choice. $3 3.25 per case.
NUTS Walnuts. eack lota. 18c; Brazil
nuts. 10c; filberts, 10c; almonds, 18019c;
peanuts, 7c; cocoanuts, $1.10 per dozen- pe
cans. 18r 19c, cheetnute, 10c.
BEANS Small white. lH4e; large white,
10.S5c; Lima. 814c; bayou, 8c; pink, 814c;
red Mexicans, 84c.
COFFEE Roasted. In drums, 17 35c
SUGAR Fruit and berry, $7.40; beet,
$7.20; extra C. $7.00; powdered in barrels,
$7.1sc: cubes. In barrels, $8.13. "
SALT Granulated, $16.75 per ton; half
ground 100s. $11.30 per ton: 50s, $12.10 per
ton; dairy, $14.75 per ton.
RICE Southern head, 707-cto per pound;
broken, 4c; Japan style, 40414c.
uiir-o rituilo Apples. 10W 11c; apri
cots, 10 019c; peaches, 814010c; prunes,
Italian, 809c; raisins, 8015I.4c; dates'
Persian. 16c per pound; fard, $2.50 per
box; currants. 13 010c; figs. $2 0 3.50 per
box.
Provlion.
HAMS All sizes, choice. 23tic: standard.
22 Vic: skinned, 2O0lc: picnics. 14 Vic; cot
tage rolls. 10c.
BACON Fancy. 2SVi30Vic; standard, 24
26c; choice. 21 0 23c.
DRY ALT Short, clear backs. 17Vi019c
export. 18Vi20c; plate, 14015V4C.
I. ARD Tierce basts, kettle rendered.
ict. Dt.iiciHj i, compound, ikc.
BARREL GOODS Mess beef. $22; plate
bee' t23; brisket pork, market; tripe. $10.50
cijV 11.UV.
Hop. Wool, Hides, Etc,
HOPS 1918 crop. 60 9c per pound.
HIDES Salted hides (25 lbs. and up)
10c; salted stags (50 lbs. and up), I5c;
green and salted kip (15 lbs. to 25 lbs L.
19n: green and salted calf skins (up to 13
ids.!, zaia-ooc; green niaes (2i IDs. and ur).
17c; green -tage (50 lbs. aad up), l$c; dry
hides, 30c: dry salt hides, 25c; dry horse
hides, $l -t2; salt horse hides. $SOB.
PELTS Dry Iong-Vooled pelts. 21c; dry
short-wooled pelts. 17c; dry shearlings. 100
25c each; salted long-wooled pelts, $101.50;
salted short-worled pelta, 30c$l.
TALLOW 809c per pound.
WOOL Eastern Oregon, fine. 24 0 30c;
coarse, 33 0 36c: Valley, 83 035c.
MOHAIR 35045c per pound.
CASCARA BARK Old and new. 5Vje per
pound.
Oils.
KEROSENE Water white, drumi, barrels
or tank waroni, 10c; casee, lS023c
GASOL.TNS Bulk. -: -,-. car-. 80c; nnp
tha, druma. 1 r ; : cases. 80c; engine distil
late, drums, 10 He; oases. 19c.
LINSEED OIL Raw. drums. SI. 10; bar
rels, $1.03, cases. $1.13; boiled, druma, $1.12;
- . b arrt.is. $1.10. cases, $1.15
TURPENTINE In tanks, 7c
72c; 10-casu lots, lc less.
In cases.
YARD TRADE HEAVY
Favorable Year in Local Live
stock Market.
CATTLE RECEIPTS GAIN
Increase Is Also Recorded in Num
ber of Hogs Bandied at North
Portland Decrease In the
Marketing of Sheep.
The year Just closed was a most satisfac
tory one at the Portland Union Stockyards,
In the volume of stock handled. The offi
cial statistics of receipt, with one day's j
run to be added, shows a tota about equal
to tne preceding year. In view of business
Cattle and hog receipts during 1916 were
larger than in 1915, but there was, as might
be expected, a falling off in the quantity of
sheep marketed.
Total receipts at the local yards in 1016
and former years were:
Head. . Head.
1916 B74.13"1912 456.852
1915 576.671il911 481.262
1914 595.64111910 349.76
1913 569.030.
Receipts for the various classes of stock
for the past eight years were as follows:
Cattle. Calves. Hoga Sheep.
IWIO 77.721 4527 820.773
1916 72.860 2653 202.8S5
1914 74.360 2256 237.725
171.118
197. 34
2S1.300
205. .30
254.5'i 2
801, 0o2
167.418
32,092
1913 80.393 4666 lhS.259
1912 77.0S1 2793 12U.U06
1911 8S.13U 6818 85.253
1910 89.733 8297 83.323
1909 20.550 2483 86,2cj3
Comparative statistics- for December
of
this and former years, follow :
Cattle. Calves. Hogs Sheep.
December. 191$ ...6000 210 38,704 Il.tJOi
December, 1913 ...5210 111 48.713 12.828
December. 1914 ...3338 70 28,747 12.371
Trad, closed quietly yesterday on the last
business day of the year. Receipts were 89
cattle, 1 calf, 137 hogs and 18 sheep. Ship
Pars were: J. T. Houston, Redmond, 3 cars
cattle: Amdahl Bros., Monitor, 1 car cattle
and hogs; J. E. Smith. Donald. 1 car cattle,
hoRs and sheep.
The day's sales were as follows:
WUPrtce.l WCPrlce.
67 hogs .... BOO $9.96 A cows ... .1145 $5.25
1 hog 170 8.50' 1 heifer . .1350 7.00
2 hoga' 800 8.951 3 heifers . 6U7 3.00
25 steers ...1211 8.25 1 bull ... .1980 5.00
20 steers s, . .1172 8-2o 1 bull 1240 5.O0
2 cows . 1150 0.5O I bull ... .1530 5.00
14 cows ....1128 8.o0(
The stockyards weekly report of the feeder
market follows:
Trading in the feeder division during the
week has been done on a very limited scale.
The run of cattle during the wee has been
the lightest for many months, and packers
and butchers have been taking practically
all supplies at a big advance, and feeder
buyers could not reach th.if blda. All avail
able stuff found ready buyers, prices being a
good 25c higher than a week ago. Good
feeding steers sold from $3.50 to $5.75 with
a few choice ones at $6 and $6.25; ordinary
kinds brought $4.50 to $fi; best heifers
brought $0 to $5.50, with ordinary and
common light ones from $3.50 to $4.50.
"Current quotations arc:
Choice feeding ateers $4.7406.25
Good feeders 6.5005.75
Ordinary to fair 4.7305.2$
Inferior 4.007 4.50
Good stock heifers 5. "! 5.50
Fair stock heifens $.7505.00
Ordinary stock heifers 3. ."'.'! 4.'.
Good stock cows 4.5o ,i 5.00
Representative sale of feeder stock:
WL Price.
Wt. Price
1 steer 670 $A00'6 steen. .
5 Bteens 656 3.8512 steers. .
6 steers 012 5.0018 steers. .
3 steers 573 5.001 steer
Cattle
steers, prime
. . 398 $4.30
. . 490 4.50
.. 710 4.o
. . 830 3.50
.$7 30 0 8 13
. 7.00 fi 7 33
. 6.000 8 85
. 5.30 0 6.73
. 5.25 5.50
. 4.500 5.00
. B.OO0 6.00
fcteers. good
Steers, common to good........
Cows, choice
Cows, medium to good ,
Cows, ordinary to fair
Heifers
Bulls
Calves
Hogs
Prime
Good to prime mixed ,
Hough heavy ,
Pigs and skips ...... ...........
Sheep
Lambs ,.
Yearling wethers
Old wethers ,
Ewes ,
. 2...
. 8 00
5.00
7.0O
O.BOTr 9.93
a 40 0 0.50
8.500 9.10
8.50 8.75
O.OO0 I0.5O
7.30 0 9.00
6.75 O 7.00
5.00 7.50
Oinaha Livestock Market .
OMAHA, Dec. 80. Hogs Rec-lpts. S300.
lower. Heavy. $9.90cg 10.23; light. $9.50.
10.10; pigs. $7.750 0.25; bulk of sales. $5.65
10. r
Cattle Receipts. 200. steady. Native
steera. $7.50011.50; cows and heifers, $6iji
8.50; Western ateers, $6.5O0.25; Texas
steers. $50 7.50; stockers and feeders, $U
0 8.30.
Sheep Receipts, 100, steady. Yearlings.
$9. 25 H 11.25: wethers, $8.50011; lambs,
$12.10013.25.
Chicago Livestock Market.
CHICAGO. Dec. 80. Hogs Receipts. 21.
000. stow. 3c to 10c under yesterday's aver
age. Bulk, $10.05010.40; light, $9.53 i 1O.20 ;
mixed, $9.90i7 10.50; heaw, S1O01O.5O;
rough. $1010.15; pigs. $7.50 0 8.20.
Cattle Receipts. 400. steady. Native beef
rattiest $7.2311.S0; Western steers. $7.2.". B
.0; stockers and feeders, $5.250 8.25; cows
and belters, $4.2,iBl: calves. $9?C18.
HM.op Receipt. ,njim, stealy. v ethers.
$9.10j. 10.25; lambs, $11.25013.50.
RECORD FINANCIAL YEAR
BALKS
OF STOCK TOTAL
no 1 t
Bond Transactions In Wall Street Never
Before Llxceeded Transporta
tion Issues Sound.
NETSV YORK, Dec. 80. Th record of one
of the most eventful years in the history of
the Stock EnxchanVe la aoltomtaec. In Its el
most unprecedented operations. ales of
stocks aarreg-ated about 235.O0O.00O aharea,
against 1T3.0O0.00O in 115. Bond sales
achieved a new record In the enormous
volume of $1,152,280,000, an Increase in
round numben of more than 2OO.0OO,o.0
over the preceding; year. The totals are
exclusive of -.ale of "odd lot- 1 of stocks,
which would swell the aggregate by many
mure miiuunn, nor no iney mc'une over th
counter" transactions In bonds, Jn which the
dealings are practically beyond computa
tion. Quite as important In estimating th In
Creased wealth of tfio country Is the return
by purchase to American Investors of hun
dreds of millions of dollars of American se
curities mostly high-grade bonds and
shares---Connerly owned by foreigners. wfich
were taken over, privately and assimilate
in the course of the tresnendously active 12
months.
FlguresJeallng with the country's foreign
loans and the Inflow of gold for the year
the latter Item approximating S700.o0O.O00
but faintly convey the extent to which the
domestic financial structure has been but
tressed. Economists differ as to the im
mediate benefits derivable from these stu
pendous gold holdings, but are virtually
at one In believing that this vast hoard of
precious metal will make the United States
financially and Industrially supreme for
years after the channels of International
trade resume their normal flow.
Opinions dealing with the future of the
country's financial markets have been re
vised or modified by the Teutonic peace
proposals. Quoted values of many securi
ties have dwindled by many millions of dol
lars in the past few weeks, and the process
of readjustment continues.
Industrial condition may be summarised
by the statement that many contracts for
peace products have been placed as far
ahead as 1918. while available supplies of
copper snd other base metals for the next
six months have been largely pre-empted.
This does not necessarily Imply the main
tenance of prevailing quotations for these
and other commodities, nearly all of which
rose during; tha year to reeord -breaking
levels.
Most encouraging auguries are offered by
the transportation stocks, whose Intrinsic
worth was PO firmly established In the fins,
months of the year. Nat earnings of the,
leading railway systems for th? calendar
year. exceeding $1,000,000. are greater by
one-third than those of 1918. Emergencies
of many minor roada from their long periods
0t receivership and financial embarrassment.
is one of the outstanding features in the
country's great forward strides.
Money Exchange, Etc.
NEW YORK, Dec. 30. Mercantile paper,
44U per cent.
Sterling 00-day bills. $4.71 H: commercial
co-clay bills on banks, $4.71 V. ; commercial
00. day bills. $4.71: demand. S4.75H: cables.
$4,70 7-16. Franca, demand. $3.84 ta: cable.
$5,831 : marks, demand. 73: cables. 78 Vj :
kronen, demand. 11.: cables, W: guilders,
demand. 40 . ; cables, 4o7,; llres. demand.
6.88: cables, 6.83: rubles, demand. 30:
cables. 30 hi.
Bar silver. 75 He.
Mexican dollars. 5Stc.
SAN FRANCISCO.
$4.71: demand. $4.73;
Dec. 30. Sterling,
cables. $4.76.
LONDON, Dec. 80. Bar silver. SO' d per
ounce.
Money. 4 per cent.
Discount rates Short bills, S',?S5 per
cent; three months, 5H&6 per cent.
a
TOTAL RESOURCES ARE LARGER
Federal Reserve Board Announce Increase
for Week.
WASHINGTON. Dec ML A saln of ap
proximately ;.ucju.l'cj'i in total resources
of Feuerai Reserve banks for the week end
ing December 29 is shown by tJae board's
weekly statement. The suttemeajx shows:
Resources
Gold coin and certificates In
vault 1281.588.000
Goiu settlement fund 17u.4Il.uuu
oola redemption fund with United
tales treasurer ...
1,654. OOU
, . ,
Total reserve $471,231,000
Five per cent redemption fund
against Federal Reserve notes 400. 0"
Bills discounted and bought
Maturities Mitnin lo uava t 30 256.000
From 11 to 30 days 41.514.000
r rom to eo days 47,772,0 v
From 61 to 90 days 37. 103,00"
Over OO days 1,046,000
Total
Investments
$157,693,000
United Statea .bonds $ 44.247.000
One-year United Statea Treasury
notes 11.167.100
Municipal warrants 8.07a, 000
Total earning assets $222,082,000
Federal Reserve notes net 21. 300.00.
Due from Federal Reserve banks
. ,net 46.93S.000
All other resources 6.2o5,0O0
Total resources $768,226,000
cisuiiiliet
Capital pjid in
Government deposits
Member bank deposits net.
Federal Reserve notes net.
All other liaollitles
. . .f S5.69.YO0O
. .. 28.837.000
. .. 60S.768.oOO
. .. 14.130.000
778.000
Total liabilities $7CS.22B.00v
Gold reserve against net deposit and note
liabilities, 68.2 per cent.
.. C.a.h. re,erv against net deposit and note
liabilities, 70.0 per cent.
Cash reserve against deposit liabilities
after setting aside 40 per cent gold reserve
against net liabilities of Federal Reserve
notes in circulation. 71.6 per cent.
SURPLUS RESERVE
IS INCREASED
Gain of Twenty-Seven Millions Reported at
New York.
NEW YORK. Dec. 30. The statement of
the actual condition of clearing-house bank
and trust companies for the week (five
days) showa that they hold $117,315,600 re
nerve in excesa of legal requirements. This
Is an Increase, of $27,271,430 from last week.
Tho statement follows:
Increase.
$ 4.733.000
23.668,000
7.7S0.0OO
1.580,000
33.513.00o
6. 297. OOO
117.0O0
f-an. discounts.
rr $3,339 430.0OO
..eserve In own
vaulta "442.610.0O0
Reserve In Federal
Reserve Banks.. 198.098.000
Reserve in other
depositories .. S5.S34.000
Net demand depos
its . 3.334. 972. OOO
Net time deposits 139.7a5.ooo
Circulation 2S.935.0OO
Decrease.
Of which X380.M7.O00 .is?" specie
Aggregate reserve. $691 ,42.0O0 : excess re
serve. $117,335,690; Increase. $27,271 430
Summary of state banks and trust com
panies In Greater New York not included
In clearing-house statement:
Loans, discounts, etc. $758,371,300 $oC474"oo
Specie 61. !03. 100 795.80O
l-ecal tenders 11.103.2OO 358.100
Total deposits 023.911.400 078.800
Increase.
Banks caen reserve In vault. $14,591,000:
trust companies' cash In vault. $58 477 100
Transactions of the member banks of the
loir h c!",rln't-House Association for
'preaklrg all previous records. Transa-tlons
in i:ii niiinti-4 to $13U..-,o.n4.s,.-,oo ard
balances to $8.943. 807.343. compared with
r?c VSV.tra-o' Mi0;Mi 392.634 and balances
of $0.340.572,737 In 1915.
Storks Dull at London.
LONDON. Dec. 30. Price movements were
uninteresting and American securities were
particularly dull.
IRON OUTPUTGREATEST
11. Airs PROOUCTION ABOUT .-in, 000.
OOO TONS.
Flffurea on Steel Infirotn and -tolled
Product Exceed Thone of Pre
ceding Tear.
NEW YORK. Dee. 30. Output of iron
and steel in the last week of the year was
cut down sharply; estlnfates of the curtail
ment vary widely, but the decrease for the
full rnosth Is thought to have been at leai.t
from 30 to 40 per cent, compared with No
vember. The production for the year 1016.
however, exceeded all other previous annual
achievements, although the output fell short
of the great expectations entertained a
month or two ago.
Preliminary estimates indicate an output
of &3.&00.000 tons of pig iron. 38,372.000 tons
of steel lngote and 28.150,000 tbns of rolled
steel products. In 1913f the previous year
of maximum record. 30.724.000 tons of pig
iron, 31.oug.9T4 tons of steel Ingot a and
24. 791.243 tons of rolled products were pro
duced. Sales of all kinds of rolled steel in 1916
are estimated to have been approximately
37.000.000 tons, of which between 7,000.000
and 8,000.000 tons were eold for direct
export. Railroad equipment orders were
the heaviest since 1912 and It Is significant
that about 45 per cent of the locomotive
asles and about 17 per cent of the car
orders were for export. Sales of rails were
the largest on record, exceeding 5,309,000
tons, of which 1.500.000 to 2.000,000 tons
were for foreign shipment.
Merchant blast furnaces sold nearly 10.
000.000 tons of various kinds of pig iron
during the rear, of which 2.000.000 tons
were for export. December asles aggregated
000. 00 tona
In the last few days, while business In
rolled steel was relatively quiet, car builders
and locomotive shops were In the market for
about 60,000 tons of steal bars, plates, shapes
and forglngs to cover recent orders for
D300 car- and for 25 engines.
Italy and France have ulaced additional
orders for shell forglngs, rodnds, alloy steel
ano pig iron, ann inquiries are now In the
market for 800,000 tons of various other
products for export, half of the prospec
tive orders being for France. Japan has
secured 1O.OO0 tona more ship plates and
Holland and Switzerland have purchased
more American pig Iron.
Structural steel work continues uncom
fortably active from the standpoint of the
fabricating shops. December orders are es
timated at 130. ooo tons and tbe total for
the yessV Is about 1.4B5.000 tona Con
tracts pending aggregate 100.000 tons.
Among the latest orders plsced are 1100
tons for cams m the Ohio River for the
United States Oovernment. 3000 tons for
the Cherry street pier In Philadelphia and
1850 tons for bridge work on the Burllng-
lor. raiiroaa. cntitrecta pending. In
eluding 15,600 tons for the Livonia sub
way. bids to be taken January 10; 15.000
tons for the Newport News Shipyards, and
5000 tons for the Indianapolis Union Rail
way bridge superstructure.
Copper Market t-nsettlcd.
NEW YORK. Dec. 80. The copper mar
ket has remained very quiet during the
past week, with the tone unsettled. Offer
ings of small lots from second hands have
been reported at further concessions, and It
is understood that there has been a small
sale of electrolytic for March delivery at
28.50c. with resellers asking prices ranging
from a bo u t 29 H to 30 H c for n ea rby ship
ment. The larger agencies are reported
practically-out -of the market, and a nominal
quotation of 32 H cents was named today for
the third quarter. Iron was unchanged.
Galveston Exports Grow.
GALVESTON, Tex.. Dec. SO. Export bual
ness through Galveston during 1016 reached
a total value of $251,554,235, according to
figures available today. This is an Increase
of approximately $33,000,000 over th value
of exports during 103 5. Cotton holds first
place In volume and value of the exports,
with 2.207.224 balea, valued at 8182.364.874.
Exports of wheat amounted to 23.01 475
btsiiels.
SHORTS ARE CAUGHT
December Speculators Forced
to Bid High for Wheat.
LATER MONTHS STRONG
Improved Shipping; Conditions on
Atlantic Seaboard Lead to Brisk
Advances in Deferred Deliv
eries; Exports Estimated.
CHICAGO. Dec. 30. Notables lumps In
price marked the close of the year In the
wheat trade. Speculators who at' the last
found themselves unable to make deliveries
- cents a bushel in some cWs Blaris of
The c.oe wa nervous 2 to 4 cents net
higher, with May at $1,74 1 to $l.74's and
July at $1.4: to Corn gained
to 8 centa and oats He to r.'JlSr. Pro
visions finished unchanged to 25 cents
higher.'
There was excitement for the December
wheat shorts, resulting from the stubborn
ness with which they had held out for
some generally unlooked-for peace sensation
or other surprising developments of a bear
ish nature. From the vary beglninc of the
session, however, circumstances laored tne
bull side of the market, and there were
comparatively few of the tardy unfortunates
who were not cnught by the utmost squeeze
of December values.
The principal element against any down
turn In the genernl market today was the
fact that Indications pointed to heavy clear
ances for Europe. In thla connection, it was
reported that North American ahlpments to
Europe this week would total 7.000,000
bushels aa against previous estlmatea of
only 4.0OO.000 bushels.
A larger supply of ocean tonnage at the
Eastern seaboard waa aald to be rapidly
releasing railway facilities from congestion,
and there was a well-accepted forecast
current that wheat shipments would be In
no danger of a trainmen'a strike until the
completion of a union referendum vote two
months cr more in the tutor. Holiday resiz
ing aalea appeared to be chiefly responsible
for soma unsettling of values Just before
the day came to an end.
In corn, aa In wheat, there was a scurry
ing to cover on the part of eleventh-hoar
bears. Prices were also lifted as a result
of shipping sales here said to aggregate
900.000 bushels, all to bo delivered at the
Eastern seaboard within 30 days.
Oats hardened in price owing to the np
turna In other cereals. Trade, however,
lacked volume.
Provisions shared the firmness of grain.
One reason was that shipments this week
turned out to be materially In excess of the
corresponding total a year ago.
Leading futures ranged ii followa:
WHEAT.
ODen. High-
Uiv.
$1.71 V
1.38 x
Cloae.
$174'i
1 41i
May
July
..$1.711 II. 7.1 M
.. UsMZ 1.41H
CORN.
.. .K'i .03 H
.. .91 4 .02.
Mav
July
92 1 ,
.91 H
.03
.92H
OATS.
Mav 33 U .64 -5$fc 68
July BO4 .31 ..SOi .611
mess portK.
. 27 00 27 O0
. .DC TO r 70 26.R0 9$M
LARP.
... llsJ0 LUI laVaW 15.S0
. . 1.YGT, 1B.7& 15.75
PHORT Rliy.
. .1.1.72 13.72 1 3. 02 13.72
. . 1 -1 22 14. 25 13.12 14. 20
Jan.
May
Jan
May
Jan.
May
Caah prlce-s were:
Wheat No. 2 red. nominal : No. 3 red.
S1.T7; No. 2 and S bard, nominal.
i Corn No. 2 yel!om 92 933c. No. 4
low, 90Wjt01c; No. 4 white. UO4f90Hc.
Oat 8 No. 3 white. 52 52 K c.
Rye No. 2, nominal.
Ba rley 00 Q 1 . 24.
Timothy 3..rrO-5.50.
Clover 12S1T.
KXrORT
bi rata
STI.Mtl.ATKI)
Chicago Market Ignore Mom Bearish
Factors.
CHICAGO, Dec. 30. Liberal export buying
In tho lust week stimulated the wheat mar
ket, notwithstanding the bearish Influence
of peace moves, Wnll-S treat declines nnd
of the possibility of a railway strike. As a
result, nearby deliveries of wheat gained
2VsC to 3'wc us compared with a week ugo.
July wheat, however, wound up almost ex
actly unchanged. Corn lost He to lWc and
oatn finished ac off to c up. For tbe most
psrt, provisions showed Tosses ranging from
10c to S2Hc.
Advances connected with foreign demand
for wheat were Interrupted almost immedi
ately after the Christmas hollduys by'aelllng
due to Germany's proposal for an Immediate
conference of belligerents. The rcnUauancs)
of big export bust tie se Si Wi t1i:eetlay,
though, gave a renswed arl .. tage t the
bulls, and only passing notl- In Ue wheat
pit was taken of word tha? l Britain
had summoned the Premiers oi her outlying
dominions to discuss possible terms on
which the war might he ended.
Sympathy with brssks In the stock mar
ket proved a notable bearish fsctor ss to
wheat on Thursday and to a lesser extent
In yesterday's early dealings. Nevertheless,
export business again favored the bulls.
until partly otfset later by word that 4no.u00
railroad employes were once more confront
ing the question of a strike which lifcldent
ally might mean serious delays to the move
ment of wheal and thus Involve great losse
to holders.
Business In corn snd oats was restricted,
owing to railway embargoes and to the
Christmas holidays. Price changes appeared
too slight to have much, if any. signifi
cance.
Liquidating sales snd heavy deliveries on
December contracts weakened provisions.
This was especially trns as to lard.
Minneapolis Grain Market.
MINNEAPOLIS. Dec. 30. Wheat May.
S1.79t 1.70S : July, $1.72. fash. No. I
barn, f 1.n4 'if J.or-s. : .-no. i uoruiern.
81.774 G1.90U ; No. 2 northern, 31.73 WJS
$1.7..
Flax. $2.824 2. R84-
Barley, 79c j $1.12.
Kastern Wheat Futures.
DTJLUTH. Dec. 30. Wheat closed De
cember, $1.7?H; May. ji. ;:. July. 8L72.
WINNIPEG. Dec. 80. Wheat closed De
cember. 81.77; May. $1.79.
KAN8A8 CITY. Dec. 30. Wheat closed
December, $177; Msy. $1.714. July. $1.38.
ST. LOUIS. Dec. 30. Wheat closed De
cember. $1.79; May. $1.744; July. $1.3444.
Foreign Grain Markets.
LIVERPOOL. Dec. 30. Cash wheat, un
changed. Corn. Id to 2d higher.
LONDON,
unchanged.
Dec. 30. Cargoes on passage
Corn. 3d to ftd higher.
m Kaetcrn Cash Grain Market.
M I NN E A PO LI 8. Dee. 80. Cs sh w h ea t
No. 1 hard. 81.SO 4 1.85 4 ; No. 1 northern.
$1.774 01.804: No. 2 northern. $1.794: No.
& northern. $1.4 & 81.75 : No. 3 hard.
Montana. $1.73 4j 1 .75 : No. 1 durum.
$1.81T4: to arrive. 1 m T : choice. $1.867i
No. 2 durum. $1.73 i 1.80",.
ST. LOTIS. Dec. 10. Cseh wheat No. 2
red, $1.0501.70; No. 2 hard. $1.844.
r i n at San Francisco.
SAN FRANCISCO. Dsc. SO Spot quota
tions Walla. $2,830 2.874 : red Russian.
$2.oe ; turksy red. $2.756 2.80; blue-
stem. $2.77O2.80; feed barley. $2.17- ra
2.20 . white oats. $1.03 i 1.97 ; bran. $23.50
029.50: middlings. x3tki; snorts. 88031
Can boars uaney
asked.
May, $2.13 bid; 82.20
. . nomlc and social phasts of farm lifs. ap-
Puget Sound Oraln Market. pointing committees to work out these prob
SEATTLE. Dec. 30. Wheat Bluestem. lems In project form. R. A. Blauchard.
81.51; turksy red. $1.53; fortyfold, $1.4T;
club, 91.47; nre. rea i-iussian. gr TT
Barley. 837.25 per ton.
Yesterday's car receipts Wheat, 15; hay,
14; flour, 4.
TACOMA. Dec. 80. -Wheat Bluestem.
81.50; fortyfold. 81.48; club and red flfe,
$1.43; red Russian, $1.38.
Car receipts Wheat. 30; corn, 1; oat, 3;
hay. 13.
SAN FRANCISCO PRODUCE MARKE1
Prices Current on Butter, Eggs, Fruits, Yeg-
e tables. Etc., at Bay City.
SAN FRANCISCO. Dec. 30. Butter
Freah extras. 35c ; prims firsts, 84c ; fresh
firsts. io
Egga Fresh extras, 88Hc; pullets, 32.
Cheaae New. 17c-. California fancy. 16e;
Toung Americas. 21c
Poultry Hens. 1 9 fj 20c : old roosters. 11
12c: fryers. 22j 23c . broilers. T0c; large
22 w 23c. squaba $2025u; pigeons. $1,250
1.73: ducks. 13014c: geese. 13017c; tur
keys. 20 xx 21c
Vegetable Lettuce. 75cff$1.0O per crate:
fancy. $1.3501.50: peas. southern, fancy,
large. 100 11c: Summer squash. S5c tf$l
crate: cream squash. 65c El 25 box; to
matoes, southern. tl.50Vl.73: fancy. $2: egg
plant. TtflOc: green peppers. 10015c:
fancy small, SOSc: garlic OSc: eelsj-y.
$3.2593.50 crate: rhubarb. $191.25: mar
rowfat and hubbard squash. 83c $1.
Potatoes River. $2 02.23 ; sweet potatoes.
$ - 1 3
Onions Carloads, $3.33
Fruit Cranberries. $7.50478: pears, win
ter Nell is. $1.73: lemons, $3 0 : 25: limes.
$10125: grapefruit. $2.2303.50: navels,
$2.500 2 75: bananaa. $1.0001.73: pine
apples. $2.30 0 2.75; applea. Newtown Pip
pins. $1.10; Belletleur. "Bcsgll; pineapples.
$2.252.50. "
Feedstuffs Cracked corn and feed com
meal, uncertain: rolled barley. $45 0 47; al
falfa meal, carloads. $20.50: less. $21.30.
Receipts Flour. 1350 quarters: barley.
1S.740 rentals: beans. 1013 sacks: potatoes.
3340 sacks; hay. 274 tons; hides. 2133: wine.
12.800 gallons.
SUBSCRIPTION PRICKS ARE RAISED
Publisher Announce Advance Dne to Higher
Cost of Paper and Other Materials.
NEW YORK. Dec. 30. Owing to the In
creased cost of white psper and other ma
terials necessary to printing and art work,
several magazines of Nations! circulation
announc1 to1- increasss in the price oj
prlcea Several of the smaller magazines
In New York have suspended publication,
and others are planning to merge with pub
lications controlled by the same Interests.
Publishers explain that manv nY Mim
have hadto renew their contracts for paper
at this time, and to pay nearly SO per cent
more than thta Item haa cost them hereto
fore. The rise In subscription prices announced
iouay rangen i rom asj to 33 1-3 per cent.
3UGAR7RiS W HOLD
EFFECT OP PEACE ON
MARKET.
AMERICAN
t.reat Britain and France Likely to
Continue Cnrtnllment Wider
Demand Is Expected.
In commenting on the effect of peace on
the sugar market, a prominent New York
authority writes:
Aa Id our previous recent Issues we have
dwelt upon the possible conditions prevail
ing should the war continue for some time
to come ess think It well to consider.
whits the present taik of peace is in the air
(Aiinougn it is possible that nothing Uefl
ulte will come out of present negotiations1
the Influence which sen ral Diace would
have on sugar values, which is worthy of
considerable thought.
On account of Great Britain being a nou
producer and. therefore, a considerable lm
porter. It Is hardly probable that the govern
ment control of sugar will be abolished until
more normal Units prevail, beosuse if th-
inerrnsnte were allowed to import, the com
petition between them to obtain supplier
would result in maintaining. If not advancing
values existing under government control
uuring ti... j.-rioa of tne war.
Th'. Frnli governmen t mav also decld
to maintain their monopoly, although their
case is oiirTent, on account or bring a pro
ducer of sugar, and consequently the coun
try' needs aoula not be so great as that of
the United Kingdom. Therefore, there is
the possibility 'of merchants having a tree
rein.
With othr countries whieh have not pro
hibited their merchants from trading, a gen
eral demand should be forthcoming, aa the
restrictions on shipping to neutral countries
would be removed and Importation would no
doubt be on a Ut-.-ral scale, limited, of course,
to the tonnage available, which, although a
considerable amount sould be required by
the countries now at war, especially Great
Britain, for the return of her troops, we
think the British government would be far
seeing enough to let loose immediately con
siderable tonnage to conduct the nation's
business.
We will no doubt, get a general demand
from the Scandinavian countriea, Belgium
and from the Mediterranean Orient. There
Is a possibility of Russia and even Germany
and Austria being Importers, when their
crops hsve been consumed, which, should
hoetllltlr-s continue, would probably be about
the middle of next Summer. .
Although the declaration of peace will, no
doubt, have a great sentimental effect, re
sulting in the depression of prices for the
time being, it la quite possible that the gen
eral demand which peace would bring In its
train would bring about a reaction, equal, if
not greater, than the decline.
Cotton Market.
NEW YORK, Dec. 30. Cotton Spot, quiet.
Middling uplands. 17.23c. No sales.
Hops. Etc.. at New York.
NEW YORK. Dec. 30. Hops, steady ;
hides, dull : wool, steady.
ACTIVE WAR GN RABBITS
C01TSTV COI'RT OF KLAMATH AIOJ4
Df FIGHT OX PESTS.
Crook County Farmers Obtain Service
of Department Man From Wasn-
Insrton In Similar Line.
CORVALLIS. Dec. 30. (Special.) Farm
ers of Klamath and Crook are beginning
act I . i war on peats, according tu reports
from couiuty agents, which follow:
Klamath County Arrangements sere
mad this week with the County Court of
Klamath tu aaslst In poisoning Juckrab
bits, coyotes and ground, squirrels. At a
confcience with the county agriculture. 1
agent It was decided that the court would
appropriate money for poison and other fas I
gredltnts used In polaonlng rabbits, etc. 1
This poison is to be given to the county
agricultural agent for distribution. Poison
will be given out to farmers' clubs' only
and not 10 Individuals. Wh- re a group of
f armors wish to take up the work of poison
ing rabbits or ground squirrels they can
obtain the poUor, etc.. free of charge from
ths county by tomilng a club, the agent
assisting them to this end.
Arrungemtints sraxsj madt this week with
H. L. Boggs, dairyman, where a herd of
25 cows will bo tested each month and a
complete dslly record taken of each cow.
Mr. Boggs will use the testing outfit belong
ing to this office ai.aj will be avssieted In
starting ths work. H. R. Glalsyer.
Crook On Monday evening I was invited
to meet with the Terrebonne Farmers Union
and bring Mr. Paraona, manager of the
Deschutes Valley Potato-Growsrs' Assoc. a
clon. along. There wers tiO people prevent.
County agent work was brought before the
people, calling attention to the Potato
Growers' Association. Support was secured
from these farmers and they were very
favorable to the potato association work
as explained by the manager. It is likely
liters will be a branch formed.
The union lnvlied me to meet with them
on a later date and help form a warehouse
association.
R. A. Ward, of the United States Bureau
of Biology, arrived this week to assist in
tbe meetings over the county In orgenlstnf
the fsrmers In actlvs rabbit destruction
work. The meetings were planned some time
shead. and this office is trying to schedule
Mr. Ward In all parts of 'the county Where
Interest in this line Is lndlcsted. Meetings
were held during the week at the follow
ing places: Butte Valley. Gist. Surprise Val
ley, Bend, Union, Bend Grange Hall and
Terrebonne.
At G4st this office succeeded in effect
ing a preliminary organization for the per
fection ot a Federal Farm Loan Associa
tion. Officers were elected.
Oa Saturday the County Agricultural
Council hsd its annual meeting: 22 regular
members were present and 40 persons in all
attended the meeting. After reviewing the
work of the county agent, the Council in-
rlnmad tha aSSSSS BSSSB of the Ft I n In sT i-H 1 Snr-
ry and suDDOrted toe county ageftt in tbe
J lines effecting soils, crops, livestock, eco-
ARIZOIaMINER
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dependent weekly newFpapcr. giving W
tne navrs or mines oper.iing in mo
various mining district of Arizona. BJ
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8th Floor Washington Bldg.,
Lcs aogr.v.
E PRICES DROP
Local Market Follows Decline
in the East.
CALFSKINS FIRST TO FALL
Five-Cent Redaction In Buying
Quotations Announced by Port
land Dealers Other Lines
Will Be Lower.
Hide prices are on the decline here. The
Eastern markets began breaking about two
weeks ago. but local quotations were not
altered, as dealers on this market .were sold
ahead and until their contracts were fiUed
there was no reason for them, to reduce buy
ing prices. The time has come now when
readjustment of values to the Eastern
basis haa become necessary, and the com
ing week will see a general shading of
values.
Calf skins are already lowered, buyers
paying 80 centa for city skins and 28fij29
cents for country skins, a decline of 5 centa
from the recent top prices. Green hides
are still being bought at 17 cents, but by
the latter part of next week buying limits
will be reduced.
Advices Just at hand from the Cast say
of the hide situation there:
"On the whole, the general hide market
continues easy and trade is slow all around.
Domestic packer hides are unchanged In
price, but there has been an absence of
activity of late. Large packers say that this
ts seasonable and that present conditions are
'Only temporary, yet buyers ars of the opin
ion that if firm bids were made at reces
sions packers would consider same, though
slaughterers state that until tanners are
ready to take hides It Is futile to tslk easier
rates, as It would only result in putting th
market down on themselves. Native varie
ties, both steers and cows, are relatively
easier than branded kinds, as ths "bulk of
the kill of branded la over and the slaughter
will run largely to native stock from now on.
"Country hides, both East and West, ars
unsettled, but. on the whole, are depressed.
A week ago ssles were noted of buff down
to -5c and thla price represents the full
market today, but In some quarters a better
feeling prevails and bids at 25c made to
several prominent Middle West deslcrs were
declined. On the other hand, many of the
small dealers at outside points are uneasy
and are accepting declines, and trading has
been noted in Western outside buffs down to
23 He. selected. Extremes are easy, owing
to the recent pronounced break In calfskins,
and offerings of W sat em Pennsylvania and
Middle West extremea down to 29c failed
to Interest Eastern buyers. On the whole.
heavier weights of country hides show more
steadiness than extremes.
"About all lines of foreign hides are slow
at present snd. as formerly noted, declines
were accepted for moat kinds, but following
latest political developments In Europe some
Importers are not so inclined to be as free
sellers as a few days ago. and in some quar
ters a somen-hat bsttsr feeling ex 1st a."
C heiip Kertillzer Is Object.
ROSEBURG. Or.. Dec. an. (Spr eisl.
Senator-elect B. L. Eddy Is working on a
bill which, if adopted by the State Legis
lature, will provide the farmers of Oregon
with lime for fertilising purposes at actual
cost. Senator Eddy says there is an
abundance of llmerock In Douglas County
which can be pulverised and made available
to tbe ranchers of the state at little cost.
Mr. Eddy's bill provides for the establish
ment of a pulverizing plant assnM here In
Douglas County to be operated by convict
labor.
Dried Fruit at New York.
NEW YORK. Dec. 30. Evsporsted apples,
quiet and easy: fancy, S4tJ9c; choice. 7 8)
8Hc; prims. 7QTc.
Prune, firm.
Peaches. firmer; choice. Sisc; extra
choice. .''". fancy, 9"4c.
Dry Good Market.
NEW YORK. Dec 30. Cotton goods and
yarn markets closed quiet but steadier to
day, with prices somewhat Irregular. Bur
laps were quiet ; linen firm and more
active: knit goods, very firm. Jobbers have
closed a very prosperous year.
Chicago Dairy Produce.
CHICAGO, Dec. 30. Butter. higher.
Creamery, Xttt3fc.
Eggs Receipts. 2043 casee; unchanged.
Elgin Butter Market.
ELGIN. 111.. Dec. 80. Butter. 40 tubes
mid ut 39c; 20 sold at 38 He
nuluth Linseed Market.
DTJLTJTH. Dec. 30. Linseed December.
12.854; nominal ; May. $2.89 ; July, $2.884.
lomlnal.
ColTee and Sugar Exchange Closed.
NEW YORK. Dec. 30. The coffee snd
sugar exchange here Is closed today.
COOKE CO.
I. 8trfc, Bonds. C
Grata. Bta
tie-til BOARD OF TRADE m.no
UtaKEiu (ill. Alio BUAID ur
SBsaSS
(.urrcp.pnnd.nta of Ui.b ' A B.rs.
Chlrai aad Now Vera.
HIMBaBS
as'rw Tors' Stork Eirbssi.
rtilraao Stork Eirh.n.
Boston Mock Eirhsrs.
1 ol ag o Board of Trad..
Sew York t otto. tCsrliaaaa.
N rv Orleans 1'otton. Krhai
Nr. Vork Coflec Kirbasia
Nc sork Produ a Etviisrg.
lurcii 'u: Cottor. Ass'a
ALASKA
frtare Rupert. sSSi iiWss. U rsngell.
I'oiersbarg. Junes it. T .;i - II . OougJes,
Tliaiir. Hslncs. 2kgM . tsftiota
ttia Muu -r-v-ard.
CALIFORNIA
Tla Ssatt e or &an t raau s o to Lee
Aoselee and - in Dieso. cuararest ships
unequaled service. ior rates, includ.as
meats aud bsrth
For particulars a pp. or tctephoas
FAC1FIC KTKA.w-illlr COXANT,
Ticket Office. 149 Washinarioo He
rat . Msln 2X9. Home A 22 Hi.
AUSTRALIA
Honolulu, Suva, SWSJ ZSalasd
THE PALATIAL PAWENtiKK TtKM
R M "Nl AlccAKA. K.M.B. UAHl HA
i2u.uO0 tona dial ( 12.5M) tons dta t
I Sail from VANCOUVER. B. C. Jan. Feh.
i 14 Mar. 14. Apr. 11. Apply Canadian Pactlio
! Railway, a t hird K Portland Ur. r ts
; the Canadian Australian Royal Mall Line.
440 be usour Street. Vsacos.sr. B C
I COOS BAY-
Eureka. San Francisco
SS BREAKWATER
6 P. M. Tuesday January 2.
122A third Street.
Phones Malo 1314 and A 1314.
HID
nrrff rh pji
Z HO 2d L
J .1 J . I -l Bplcnuid Twin
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1 ! Bt.'Hmers "SI. i "
I Sot"' . "V.ochf.."
The Delightful Way!
i OCEANIC S.S .CO. , 673 Msrkrt St.. ST-
lUn. vo t...n, Australia, Pe. Toui,