f
THE MORXIXG OREGOXIAX, SATURDAY, JANUARY 20, 1917.
15
BIDS TURNED DOWN
Oregon Wool Growers Waiting
for Later Market.
OFFERS GENERALLY MADE
Demand for New Clip Is Strong, but
Sheepmen Are Less Inclined
to Sell In All Parts
of West.
in the day at 38 and 39 cents, when
holders touna they could not eet more.
and in the afternoon some business was
done at 37 cents. Near the closing
hours, offers by Front-street houses to
clean up at 36 cents met with no response.
Poultry was in ligrht supply during'
uressea meats were also unchanged.
CAXIFORJaA VEGETABLES HIGHER
EXPORT BUYERS OUT
Fear of German Raiders Puts
Check on Trade in Wheat.
Local Apple Market in Healthy Condition.
Orange Firm.
Two cars of caumiower and half a
car of mixed vegetables arrived yes
terday. Vegetables of all kinds are
very firm as a result of the cold wea
ther prevailing- in California in the
growing sections. The quality of the
lettuce lately received shows the ef
fect of the cold spell, and the same may
be said of celerv.
The annlp market is in a fairlv I , - A
healthy condition with a growing de- 1 '-ai.nuiau ooipments 01 iw-uraur;
CHICAGO CLOSE UNSETTLED
mand for averae-e crades.
Oranaes are tirm in resDonse to ad
vances in the south, amounting- in I
some cases to 30 cents a box. Califor-
nit tangerines are still too small to
ship, but Florida tangerines will soon
be on this market. Fancy Florida
grapefruit is also being offered on the
street-
Grain to Minneapolis Also Tend
to Depress Market Rail-
road Embargo Factor.
oranges, navels. 2.40265: banancs. 1 2S
l.CO; pineapples. appiee. .w-
torn Pippins. (1.1001.25; Beltefl.ur. OS
T5C
Feedstuff Cracked corn and feed cot.
meal, uncertain; rolled barley, f4547: nefc
alfalfa. 21c carloads: less, 22c.
Receplts Flour. 11.624 quarters: barley.
4260 centals; beans. 1573 sacks; potatoes,
OO10 sacks; onions, 845 sacks: hay. 20 tons;
bides, 655; wine. 18.1QO gallons.
Copper Market Firmer.
KEW TORK, Jan. 20. The market for
copper has been firmer dnring the past
week. Demand bas been moderate, but-has
shown some improvement and it Is reported
that tho small lots of electrolytic recently
off-line at low prices have been prety well
cleaned up. There were offers of elec
trolytic for nearby and second quarter de
livery at quotations ranninir from 2S.50c to
2H.0OC today, but the larger agenclea arc
still holding at 32.50c for ths third quar-
4 ter.
Iron was unchanged.
HIGHER PRICES If! SIGHT
CASH GAIN LARGE
Oregon woolgrowers still maintain a
reserved attitude in the matter of sell
ing their wool before It is shorn. Buy
ers continue to make offers for the
new clip, but they are meeting with
little success. There are rumors, not
confirmed, of fine wool being contract
ed for south of Bend at 30 cents, and
one grower asserts he was offered 2
cents better than this, but so far as
the eastern counties are concerned
there appears to be no future selling.
Contracting in general throughout
the Western states has slowed down
recently, owing to the stronger stand
taken by sheepmen? rather than to
any hesitancy in the demand. Utah has
enjoyed most of the limited business
done of late, where buyers have paid
from 34 to 37 cents for wools grading
from average up to exceptionally
choice. In Western Idaho fine clips
have been signed up at 23 to 30 cents
and 32 to 33 cents has been paid lor
medium. Most of the wools secured
in the sections producing fine territo
ries have been bought on a scoured
cost of $1 a pound.
There has also been some operating
In California and in Arizona, buyers in
the latter state paying 35 to 36 cents.
and In a Tew Instances sllgntiy more.
Practically all the early wools In Ne
vada are reported to be under con
tract. No trading is reported from
Montana or Wyoming. Growers in the
former state say conditions for the
coming season's elip look good, owing
to the normal Winter weather prevail
ing. Commenting on the early date on
which the contracting movement start
ed this year, an Eastern wool trade
authority writes:
"The necessity for securing the do
mestic wools of 1917 has been brought
to the attention of dealers and manu
facturers very forcibly and early in
the season by the embargo on Austra
lian clips. The pronounced need which
is bound to be shown for Ihese wools
accounts for the readiness to buy be
fore the wools have been shorn and
the willingness to pay the most ex
treme prices. The quietness of the
week In the matter of contracting Is
apt to be only temporary.
"Next in line as a source of new
supplies, the markets of South Africa
are reported to have shown great
Btrength since the holidays. The only
development favorable to American
buyers there is the fact that Bnprlisn
operators are not quite so keen. Their
eagerness to buy has been tempered
by the pressure of the commandeered
wools in the London market. American
buyers thereby have been afforded
more chance to secure good lots than
they had before the holidays. They
are paying extreme prices, however,
the current quotations being at a level
which means a clean cost laid down
here of $1.10 to $1.30 for grades from
short combing to best. Several cargoes
of Cape wool are on the way to Bos
ton.
"Indicative of the straits to which
the trade is nut to find wools is the
report that unfamiliar sorts are being
offered from south America with con
siderable freedom and that something
In being done in them, ttahla Blanca,
Pasto Fuertas and others not men
tioned are included. Other errades
which do not compare with Argentine
and Uruguayan wools in prominence
but are being offered well at present
are Punta Arenas and Chubut lots. It
is claimed that considerable business
has been done in Montevideo half-
blood and three-eighths-blood wools
also Concordia Is, 2s and 3s. at 69
cents. Well-sTtlrted Buenos Aires cross-
breds cannot be imported today on
a basis lower than 60 to 61 cents for
Lincolns: 62 to 63 cents for straight
quarters and 64 to 65 cents for high
quarters.
"In view of the further offering and
buying of Sotith American clips, the
acuteness of the shipping situation be
tween the markets for such wools and
this country Is of interest. The ton
nage for wool in American or other
neutral boats, according to cablegrams,
Is confined to the steamer Ohioan.
bo far as shipments until February
are concerned. The owners of this
vessel have advanced the cost of their
freight room to an extreme level, in
view of this condition. They are ask
ing $40 a bale, whereas $25 recently
nas been quoted for room in English
ootioms.
LOWER PRICES OFFERED FOR WHEAT
Market Closes Four Cents Under Top Mark
of Week.
The further declines in the Eastern
wheat market have created a weaker
feeling in this section. Buyers were
not disposed to take hold yesterday ex
cept at concessions. Prices offered in
the country were net. $1.57 for blue
etem, $1.55 for fortyfold. $1.53 for club
and $1.50 for red. These prices are
about 4 cents under the top mark
quoted early in the week.
At the Merchants' Exchange wheat
bids were reduced Z to 4 cents from
Friday s level.
Oats and barley were steady and
quiet.
The London grain cable said:
"Wheat very dull, but prices firm,
lighter American shipments expected.
Australian exports larger. Corn firm
on Argentine news. Flour strontr. Aus
tralia weather better and damage from
recent rain exaggerated, out-turn es
timated at 120.000.000 bushels: othe
estimates made are 132.000.000 bushels.
Argentine, movement of all grain con
tlnues light, much difficulty experi
, enced in filling contracts owing, to an
tagonism between German an(' allied
firms and this restricts business."
Terminal receipts, in cars, were re
ported by the Merchants' Exchange as
touowa;
Wheat Barley. Flour. Oats. Hay
Creamery Committee WU1 Investigate.
CHICAGO, Jan. 20. Fear of German
SALEM, Or.. Jan. 20. (Special.) A. sea rovers put a virtual stop to export
Slaughter, member of the committee of buying of wheat today, and caused a
creamery managers named here recent- materia sag in prices. The result was
ly to confer with creamery managers an unsettled close. to l"ic net lower,
of Portland on the question of regu- with May at $1.86 H to $1.86 and July
latins the prices of butter and butter- at $1.51 H to $1.5194. Corn finished
rat. stated the committee expects to go to T4 and lc down, and oats off to
to Portland Thursday of next week for 14c Provisions showed losses varying
. vuuierunce to oe neia eitner tnat aay rrom 2 to lzfec.
or Friday and pry into the question of Depression ruled in the wheat pit
marketing creamery products. right from the outset, and there was at
no time any important rally. Canadian
Hop Prices Holding Steady. shipments of much low-grade wheat to
A moderate movement continues in Mineapolis formed an additional ele
the hop market with prices showing no ment against the bulls. Other dls
material change. George Lewis pur- patches from the Northwest said wheat
chased 300 bales from the association at In cars.hat could not go East was al
ii cents. Smith Bros., of. St. Paul, sold most unsalable, even at discounts of 5
10 bales to the volf Hop Company at cents a bushel.
7 cents. The Piner lot of IKS hi. l.-n at Corn fell with wheat.
Aurora was bousrht bv Louis Lachmund Oats had no independence and mere
at about 7Vi cents. ly followed the descent of other
cereals.
Chanses in Provision List. I Weakness of hogs and grain eased
A few minor rhns in the nrnvlnlnn I down the provision market Besides.
list will go into effect Mondnv morn- abnormal freight rates on the ocean
SEASON IS PROSPEROUS ONE FOR
STOCKCROWER.
Year Opens With Livestock Markets
Far Better Than Twelve
Months AsTO.
New York Bank Reserves Are
Now at High Figure.
STOCK TRADING NARROW
of legsl requirements. This Is sn IDcreas
of (Jl.034.010 over last week. The state
ment follows:
Loans. discounts. Increase,
etc $3,442,423,000 $55,295,000
Reserve In own
vaults 56. 435.000
Reserve in Federal
reserve bank ... 104.873,000
Reserve in other
depositaries . SA. 731. 000
Net demand depos
its S.663.S10.OOO
Net time deposits. ltH.rttill 000
Circulation 28.653,000
8S.65X.000
3.277.000
2.121.0OC
88.1S4.POO
68.000
Shipping Shares Active In Spite or
Fear of Commerce-Destroying
Operations in American Wa
ters Steel Is Stronger.
Of which $490062.000 is specie.
Decrease.
Aggregate reserve, $818,044,000; excess re
serve. Sl'02. 472.650: Increase. S21.034.010.
Summary of state banks and trust com
panies not Included in clearing-bouse state
ment: Loans, discounts. ' Decrease.
etc $74S.HO.S0O tlO,07.000
Specie 63. 245. 500 61 5.200
I.exa.1 tenders 10.127.800 4rt,700
Total deposits SS.241.3iK 12.181.0(10
Banks' cash reserve In vaults. $13,601,700;
trust companies' cash reserve La vaults.
5u.570.tS0O.
MARKET MAY BREAK
Potato Dealers Think Present
Prices Dangerous.
MANIPULATION IS CHARGED
Incr
THIRTY-ONE MILLIONS ARE BOUGHT
Large Discount Business by Federal Re
serve Banks During Week.
WASHINGTON. Jan. 20. The Reserve
Board's statement of the combined resources
and liabilities of the Federal reservs banks
I January 18 follows: .
nams, 12 cents on cottate rolls, 1 cent
on fancy pickled bacon backs and
Changes on various sausages.
tuuak Clearina-a. I u
Bank Cleariners of the Northwestern pftlpfl T..l
....... u,7 nc. . 1U1IUWB.
Clearings. Balances
Portland $2,35S.S3 $16:1.0.11 May
Seattle 2.605,034 4U5.S00 July
i.yii J3,D34 uS.SbU
Spokane sort 7114 -iith-,m
Clearings of Portland, Seattle and Tacoma 1 May
for the past week and corresponding week I July
" luiuicr years were:
Portland. R.AttlA T.rrtm. '
916
Wld ..... 10.6tl(1.2!7 11 II111177 1 7J-, a:l
914 .. n.12:i!lrt1 in fcnit tvti 9 fivi -nil
l?13 10,294,072 10.359.277 2.45S.000 5ay
912 8.158 r3 n 4.-. "31 4 n-.ii r.7 July
in 6.0a.i3 9,407,390 3,863.073
1910 7 r,.v: m tat r. am -ja
1909 4.951.2:3 . 7'.iK7'i-:s ..'..' 1 I Jan.
Europe.
Leading futures ranged as follows:
1.07
1.04
1.00
J. 00
PORTLAND MARKET QUOTATIONS
Grain. Flour. Feed, Etc.
Merchant's Exchange, noon session.
January delivery Bid.
Bid. Tr a trn
iuestem ............. s 1.67 S 1.1
r ui tymio ....................
Club l.2
Red fife
Red Russian .............. ,M 1.58
Oats
No. 1 white feed 36.75
B-iney
No. 1 feed 40.00 28.00
futures Bid.
February bluestem 1.68
March bluestem ...................... 1.68
Fe iruary fortyfold ................... 1.63
March fortyfold 1.63
r eDruary cluo 1.62
March club 1.62
February Russian M. ...... .. 1.5S
March Russian ....................... 1.58
February oats . ,
Ma. ch oats . . . .
February barley
March barley
Portland. Bat.. 11
Tear ago .... 21
Total this week 63
Year ago 138
Season to date. 857(1
Year ago 9065
Tacoma. Frl... 25
Year ago .... 1
Benson to date. 4752
Year ago ....5651
Seattle. Frl.... 13
Year ago. . ... a
Season to date. 3750
Year ago 7058
3
8
84
132
1318
no
463
1
'362
1212
13
18
64
PS0
1032
R
5
1002
1465
16
4
77
28
1566
09
233
244
8
9t5
721
94
64
145
14.'
1
13fl:
155!
2609
29l7
....$14,897,971 $16,891,561 $2,669,488 May
8,657.783 12,453,403 1,841.268 July
WHEAT.
Open. High. T-nw. Close,
$1.86-?i $1.87-i $1.S5j $l.St64
1.51 1.51 Ti 101 l.SHs
CORN.
L01 1.01 H 1.00H l.nOH
99 .99 w .98 .1)8
OAT3.
B84 .58 54 .58 .68 W
55S .55 .05 -55
MESS PORK.
29.40 29.40 29.30 29.32 .
, 29.07
LARD.
16.82 16.35 16.30 16 32
16.47
SHORT RIBS.
15.20
10.52
..15.57 15.57 15.47
taafl prices were:
Wheat Na 2 red. $1.84: Noa. 3 red and
2 and 3 hard, nominal.
Corn No. 2 yellow. $1.00 a 1.004 ; No. 4
yellow, 97 (s 99 Mi c: No. 4 white. 98&98c.
Oats No. 3 white. 5757ic; standard,
58 5Sc:
Rye No. 2. nominal..
Barley $1.00 1.32.
Timothy $3.50 5. 50.
Clover $12. 00 17.60.
27.00 DOMESTIC WHEAT STOCK SHRINKS
Redaction In Visible Cause of Strong Market
iu Early Week.
CHICAGO. Jan. 20. Notwithstanding that
German havoc to entente shipping has been
severe handicap to bulls, prices hav
scored net gains varying from 4c to 3&c
as compared with a week ago. A big de
crease of the United States visible supply
B7.W1 fnrmnd ih. cht.f .limi.ln. ft La .... r,l
37-50 I shared the nDtura. corn srajnlnir in
40.00 Hi- Mat. 1 Ai, 1 a. 1 T. .. . i -
:-CII n Kill-
FLOUR Patents. $8.40: straights, $7,600 i. t. j
!80i 'lny- 7-90: Wh'e Wh6at- 8 6; Bra' ln that the magnitude of " . th. T faUing o
in tne domestic stocK or wheat was fully
ham, $8.40.
MILLFEED Spot prices: Bran. $26.50
per ton ; shorts, $30,50 per ton ; rolled bar
ley. $425:43.
CORX Whole, $46 per ton; cracked, $47
per ton.
known, the expectation of an unusual de
crease began to Influence prices last Satur
day and was more evident on Monday.
s-vieanwniie, tnougn, a pause In export de
mand acted as an offset and there was no
Producer prices: Timothy, East- Btronf, upswing to values until official tig.
ern Oregon, $39 (a 21 per ton ; timothy, Val
ey. $lt-S17 per ton; alfalfa, $1715 IS; Val
ley grain hay, $13 (a 15; clover. $12.50.
Dairy and Country Produce.
BTJTTER Cubes, extras 37c: prime firsts.
33 Vc: firsts, an'-i o3tc. jobbing
frl rite, extras, aac ; .cartons, x cent extra
butterfat. No. 1, 39c; No. 2, 36c, Portland.
CHEESE Jobbers buying prices, f. o. b.
dock, Portland: Tillamook triplets, 20c;
loung Americas not quoted.
EGOS Oregon ranch, current receipts.
3 1 fd '.illc per dozen ; Oregon ranch, candled,
ures were out making a cut of as much as
3.3So,000 bushels In the United States vis
lble supply total. Enlarged export busi
ness ana Higher prices quickly followed, and
It was said three foreign governments wer
buying. Berlin advices that the answer of
prices: I the entente allies to President Wilson barred
lor tne present any further steps by Ger
many to bring about peace counted also
against tne Dears.
Wholesale destruction of merchant steam
ers on the Atlantic halted the advance In
the wheat market on Wednesday, but caused
no positive weakness at first, owing to views
4041o per dozen; Oregon ranch, selects, that the paralysis of European commerce
43c.
POULTRY Hens. 1517c; Springs. IS
17c per pound ; turkeys. live, 20 22c;
dressed, 20 Q 2 tic; ducks, 16 20c ; geese. 12
13C.
VhAL t ancy, 34 H tTJc per pound.
PORK Fancy, 33 13 Vic per pound.
Fruits and Vegetables.
Locfl! Jobbing quotations:
TROPICAL FRUITS Oranges. navels.
$2.25(32. 50; Japanese, $1S1.25 per bundle;
lemons, $3 3. u per Dox; bananas, c per
pound : grapefruit, Jfa.
V EGETABLES Artichokes, oc&$i.30 per
Only a few loads of stock were received
at the yards yesterday and the week closed
with light trading. Price in all lines were
very firm.
Receipts were 4 cattle, 2 calves. 262 hogs
and 617 sheep. Shippers were: James Mace,
Lyle. 2 cars aheep; W. A. Avers, Eugene, 1
car hogs and sheep: A. E. Smith, Newberg,
1 car cattle, hogs and sheep; w . Jti. l-ucae.
Canby, 1 car cattle and hogs.
The uajrs sales were as follow:
Wt Price?! 1 hog .... 270 10.50
1 alf 140 8 00 1 hoc 240 10 50
1 calf .... 50 5.50, 1 hog 2 50 10.50
6 goats ... 75 4.75! 1 hog .... 450 10.50
1 cow 020 6 00 1 hog 4iO 10.50
1 cow .... 00 0.00 1 hog .... 620 10 50
1 COW .... 840 4.0O 1 bull .... 40 30
1 cow .... 750 3.50,
Uiscussing the outlook for iivestocK, tne
Livestock Reporter says, editorially:
Prosperity has sure reached tne siock-
rrower and farmer in the most receptive
manner. At the beginning of the year 11H6
he cattle market was on a $7 to $i.2.
basis for prime hay-fed steers, with pulp
steers at $7.50 to $7.75. while the early
part of January of this year finds Dest
steers at $8.50. with pulp-feds bringing $9.50,
with very few available lor t us maris et,
even at the high prices. Packer were buy
ing their hog droves around $fl.25 and $6.50
here In the early part or lam. This year
it is costing them $10.25 to $10.50. with
even higher prices in sight. a year ago
choice lambs sold at $3 and $8.25. and
sheep at $7. January."- 1U1T. found the for
mer over $11. with sheep at $10. Consump
tive needs are several laps ahead ox proauc-
tlon actual and probable. The control of
the price-making function has pass a in a
large measure from tne pacxer to tne pro
di.fMm. Get into livestock and stay.
'January. ' 1917, found every grade or
livestock realizing the highest values In
market history, with every prospect of a
prosperous year, regardless of what happens
In Europe. Europe has oeen tatting vast
quantities of both beef and pork, and the
domestic demand Is unparalleled. Eastern
markets are drawing a considerable amount
of our supplies, owing to the very high
prices existing. Along with all fhese bright
prospects, the Australian drouth and the
climatic changes In Argentina have forced
packers with army orders to draw rrom tne
North American supply. Never before have
the livestock men of the Northwest coun
try had the bright future In front of tham
IB at the present time.
"Reports from the East are showing an
nrrease in the stocks of hog products In
packers coolers, but they are not walking
the floor nights.
Prices st the yards were as follows:
rm t-i. Price.
Steers, .prime .........$8 00 8 B0
NEW TORK. Jan. 20. Shipping shares
contributed a very considerable per
centace to the moderate operations of
the week-end session, notwithstanding; i
Keso u rc as
the fears expressed In maritime cir- : Gold coin and certificates In
cles of renewed comxnerce-destroyinK L r.tlVminVfund-: "! " I " 1 1:;
activity in Auioricuj
Amour the usual favorites. United
States Steel recorded a sliKht fractional
pain, while Bethlehem Steel finished
15 points above yesterday's closing
price.
The bank statement fulfilled popular
expectations with an actual cash grain
of more than $35,000,000 and a reserve
increase oi aooui .-i.vv.vv. 1 n . . - , - ,
total excess reserves to $202.472.fi30 and "J"1"
Gold redemption fund with T7. S.
Treasurer
Total gold reserve ..........
Legal tender notes, silver, etc.
OOO
000
$502,143,000
8. 53 S. OOO
Total reserve $510,681,000
Five per cent redemption luna
against F. R. bank notes...
Bills discounted members. ....
Acceptances bought ..........
asrsrrpcHtn reserves to $818,044,060. 1'lK
ures almost without precedent lnce
the new system of weekly statements
became effective. .
An expansion of some ?55.ooo.ooo tn
actual loans and discounts reflects
some of the heavy financing: now un
der way.
Bond dealings were neEllgloie. witn
further irregu larlty, due to heaviness.
in tne international Kruup. i n i rxi .air..,
par value. $2,800,000. United States
bonds were unchanged on call during
the week.
CLOSING STOCK QUOTATIONS.
Closing
Sales. High.
00 84
40U 47
700
iX.'O
8.600
""soo
BOO
200
11.700
300
2,200
200
400
S.4K0
4,oiO
soo
SOO
with South America would increase the en
tente demand for supplies from the United
states. Active buying on tho part of house.
witn seaDoara connections was witnessed
on Thursday and there was a renewal of
strength in prices. Nevertheless, heaviness
again ueveloped In the market on I'Vlday,
erneiiy owing to rising rates or marin. in
surauce and because of accompanying not.
aDie slowing down or export transactions.
torn reacnea tne highest Price ever known
lor iiay aellvery, 11.017s a bushel. Argen
tine crop damage, which sharpened Euro
pean demand, was the main factor with the
nuns. uata merely reriected the action of
dozen: tomatoes, 37 per crate; cabbage. 73.50 I corn.
4 per hundred ; eggplant, 825 per pound; I riog values at the topmost January record
lettuce, sz.oo; cucumoers, sx.iu&::.ou per l were responsible ror the big advances in oro.
aoz. : celery, ao.ou per crate; cauntiower, I visions.
82.50 per crate; peppers, 2530c per pound;
sacK vegetables, $1.25 per sack; sprouts, 10c
per pound.
POTATOES Oregon Buying prices,
z.l-j per nunarea; sweet, 9 per nunureu.
ONIONS Oregon buying prices. $5 per
sack, country points.
GREEN FRUITS Apples. 75c$1.50 per
Pbox: pears, $1.75 2,60; cranberries, S10&11
per barrel.
Staple Groceries.
Local lobbing Quotations:
SUGAR Fruit and berry. $7.85: Honolulu
Plantation. $7.30; Grants Pass beet, $7.15;
California beet, $7.15: extra C, $6.95: pow
dered, in barrels. ..
$3.10.
SALMON columDia Klver. l-pouna tall
$2.40 per dozen; one-half flats, $1.50;
1-pound flats. 12.00; Alasaa plnlcs, l-pouna
tails. $1.25.
HONEY Choice. S3 03.23 per case.
NUTS Walnuts, sack lots. 18c; Brazil
nuts. 19c: filberts. 19c; almonds. 1819c
peanuts. 7c; cocoanuts. $1.10 per dozen; pe
cans, 18trl9c: chestnuts. 10c
BEANS Small white. 11 Vic: large whit..
11.10c: uma, se; bayous, s.zoc: pinK. 8ac;
red Mexicans, 9V.c: Mancnurian. a "a c
COFFEE Roasted, in drums. 17f35c
May.
closed:
Eastern Wheat Futures.
DTTLCTH. Jan. 20. Wheat closed:
$1.88; July. $1.8H4.
WINNIPEG. Jan. 20. Wheat
May. $l.S6Vi: July, $1.83?4.
KANSAS CITY. Jan. 20. Wheat closerfr
May. $1.824; July. X1.47H.
ST. LOT7T3. Jan. "20. Wheat clnmil: Maw
$1.86; July $1.484.
Eastern Cash Wheat Markets.
MINNEAPOLIS. Jan. 20. Wheat No. 1
hard. 1.96a1.0Sa, : No. 1 Northern.
cubes, in barrels. Il-89i 1.824 ; to arrive. S1.S8. l.OO1 :
cnoice. sx.ifoi ; to arrive, fi.m ; No. 2
wortrern. si.ao. ari.v::. : No. 3 Northern.
1.76 1.S8H ; No. . 2 hard, Montana.
SLSSvi 01.ni 4 : No. 1 Durum. 2 02X4 :
choice. $2.09Ti: No! 2 Durum. 1.82'.
$2.05. "
DTXLUTH. Jan. 20. Wheat No. 1 hard.
$1.91; No. 1 Northern. $1.90.
Steers, fair to good 7.00 it 8 00
Steers, medium 6 50 6 75
Cows, choice 7.35 7.50
Cows, medium to good i "v
Cows, ordinary to fair ......... 5.75 'i 6.25
T41f.r .. 4.00.a 7.50
Bulls 8.50 5.50
Calves 3.00 8.00
Hogs
Heavy packing. 215-250 pounds. .10 45W10 80
Light butchers 10 40(810.50
Light packing, 170-190 pounds. . .10 351i 10 4f
Rough heavies 9.O0 9.50
Pigs snd skips 9.00 9 40
Stotck hogs 8.00 8.50
Sheep
Lambs 92511 .50
Yearling wethers 9O0SM0 00
Old wethers 8.75 W 9 25
Ewes 6.75 8.23
Omaha Livestock Market.
OMAHA. Neb., Jan. 20. Hogs Receipts
12 300 Heavy. $10.75 11. lO; Ilffht. 10.40
10 85: pigs, $S.509.75; bulk of sales, $10.60
10 90.
Cattle Receipts 500, steady. Native
steers. $7.50S"11: cows and he:fers. $6 50
8.50: Western steers. $6.509.25: Texas
steers, $67.75; stockers and feeders. $6.25
09 25.
Sheep Receipts 800, steady. Yearlings,
$10 25'12.25: lambs, $13 14.05; wethers,
$9,503(10.50.
Chicago Livestock Market.
CHICAGO. Jan. 20. Hogs Receipts 21.
000. estimated Monday 65.000; weak at yes
terday's average to 5c lower. Bulk. $10.80
H1 05: light. 10.5011.05; mixed, 10.659
11.15; heavy, 10 70311.15; rough. $10,700
10 S3: pigs. $8.25910.13.
Cattle Receipts yOO. estimated Monday
25.0O0. steady. Native beef cattle, $7,600
11.75; Western steers. $7.70'S10; stockers
and feeders. $5.75178.75: cows and heifers,
$4. 70 fill 0.10: calves. 10!&147.".
Hneep Receipts 7U'm. steady. wetnera,
$9.85 C&11; larnbs, $11.85ei4.40.
STO ES' PROFITS
SALES LAST YEAR BY KOTJTt FIRMS
REACH $135,000,000.
Am Beet Sugar.
American CaiK. .
Am Car ft Fdry. .
American Loco..
Am Sm Refg. .
Am Sug Refg
Am Tel it Tel. ..
Am Z L A S
Anaconda Cop..
Atchison.
Baldwin Loco...
Bait ft Ohio
B ft S Copper. . .
Calif Petrol
Canadian Pacif. .
Central Leather.
Ches ft Ohio. ...
Chi Mil ft St P..
C R I ft P Ry. . .
Chlno Copper. . .
Colo Fu ft Iron. .
Corn Prod Refg.
Crucible Steel. . .
DIst Securities. .
Erie
General Electric.
Gt Nor pfd
Gt Nor Ore ctfs..
Illinois Central.
Int Consol Corp.
Inspiration Cop.
Int Harv N J .
In M M pfd ctfs.
K C Southern. . .
Kennecott Cop..
Louis ft Nash . . ,
Mexican Petrol..
Miami Copper. . .
Missouri Pacific.
Montana Power.
National Lead . .
Nevada Copper..
N Y Central
N Y N H & H. . ..
Norfolk ft West.
Northern Paclf ..
Pacific Mall. . . .
Pac Tel ft Tel...
Pennsylvania . . .
Ray Consol Cop.
Reading
Rep Ir ft Steel. ..
Shat Ariz Cop. . .
Southern Paclf. .
Southern Ry
studebaker Co. ..
Txas Company.
Union Pacific. . .
U S Ind Alcohol. 7O.2O0
U S Steel SS.Ono
do pfd 500
Utah Copper. .. . S.200
W abash pfd B. . 1.200
Western Union
Westing Elect. . .
2.300 79 4
3.40O 10
124 4
84
5H
e-'V
4S
2S Va
163
90
55
47
24 Va
65
28
32
Low.
94,
404
7SK
109 hi
123H
38 H
b3
5.2 a
49 Vs
2
1M
90
89 '4
"55"
47'i
23 a,
'4
27
32 V
400.000
IT. 2 19.000
108 447. OOO
87.M19.OO0
IS. 314. OOO
10 .v.m.ooo
192.475.1XHI
24.064. OOO
5.854. 0iO
132. 116. OOO
12.729. OOO
One-year Treasury notes........
Municipal warrants ............
Total earning assets ............
F. K. notes net
Due from other F. R. banks, net
t ncollected items .......
All other resources ......
Total resources $877,819,000
Liabilities
Capital paid In
Governmenfdeposits
Lue to members, reserve
counts
Collection Items ..........
F. K. botes, net ...........
Ail other liabilities
.8 55.642.000
s.4iu.uwo i time.
Eastern Demand Strong, but Idaho
and Colorado Are Factors to"
Be Reckoned With Farm
ers Are Holding Stocks.
Oregon potato growers are out of the
market as sellers. Buyers are offerins
$2 to $2.15 and In a few cases as high
as $2.25, but farmers think they are
entitled to more in view of the ex
treme p" ices quoted In some sections
in Washington.
Tho potato market is legitimately
strong because of th. snortage In the
East, but there are also charges that
prices at this end are being manipu'
lated by speculators who secured con
trol of large quantities at low prices
early in the season and would now un
load at a fancy profit- The Dulls have.,
the present advantace of the Winter
closing of the IdiUio and Colorado
sources of supply, and it is declared
that when hipinents can be madd
from those states prices will take a
tumble.
In the meantime there is a stronir
demand from the Kast and higher bias
are being accepted ty some carlot sell
ers who are willing to take shippers'
risk In forwarding potatoes at this
ac-
609.S74.000
... 101.S34."0
. . lO.Sl'O.OOO
2a.ooo
900 36 35
1.500
200
700
200
4.OO0
soo
200
B.100
'300
441
"400
58
12?
4
131
104
42
16
104
'-4i
101 a,
48
600 24
Minneapolis Grain Market.
MINNEAPOLIS. Jan. 20. Wheat Var
i.oo to ii.ea; -uiy. si. si to I1.81U
cash. No. 1 hard. $1.96 e 1.98 94 : No 1
SALT Granulated, 816.75 per ton: hill I1"'"'"-. -o. northern.
ground 100s. $11.30 per ton: 50s. -12.10 oer I i.oHJi;.
ton: dairy. S14.75 per ton.
RICE Southern head. 774e per pound:
broken. 4c; Japan style. 43f4c
DRIED FRUITS Apples. 10'frllc: apri-
cota. 16tfl9c: peaches, 810c; prunes.
Italian, S!ti9c; raisins, 8n15c: dates.
Persian. 3fc per pound; rarvi. $2.50 per box:
currants. 10 & lbc; . rigs, S.&3.50 per box.
Flax $2.88 02.93.
Barrey 90c S $1.23.
BUTTER MARKET TENDING UPWARD
Buying Price of Cream. However, Is Not
Advanced.
The butter market Is on the up grade.
The demand has been increasing for
several days and stronger conditions
are reported at other markets. Cream
ery cubes sold on the ctreet yesterday
at 37 cents for extras and 36i cents
for prime firsts. City creameries in
the forenoon raised their selling price
of prints to 39 cents in plain wrappers
and 40 cents in cartons. No change
was made in the buying price of butter
fat. which remains on the 3S-cent basis.
In the past butter fat has generally ad
vanced as much ss butter and some
limes more. Whether the action, in the
present instance, of holding down the
buying price of the raw material had
any connection with the protests of
the Valley creamery men at the recent
fc-alem meeting, could not be learned.
The cheese market is very firm and
an advance in the near future would
occasion no surprise. The market gets
its strength from the Eastern demand.
LOCAL EGG MARKET BREAKS SHARPLY
Bayers Hold Off. Anticipating Farther
Declines.
There was a sharp break in egg
prices yesterday following the boom in
the early part of the week caused by
ihe colder weather. There was prac
tically no market at the close, as buy-e-rs,
anticipa.ting a further decline Mon
day, held their purchases down to the
smallest possible limit. As a conse
quence nearly every dealer on the street
carried over eggs.
A few egg tales were reported early
Hops, Wool, Hides, Etc.
HOPS 1916 crop. 59c per pound.
HIDES Salted hides 25 lbs and np
18c; salted stags (50 lbs. and up), 14c;
green and salted Kip (15 lbs. to 25 lbs.)
18c; green and salted calf skins (up to 15
lbs.). 2742Sc; green hides (25 lbs. and up)
Grain at San Fraarit.ro.
BAN FRANCISCO. Jan. 20. Spot Quota
tions Walla Walla, $2.722.73; Red Rus
sian. 82.72 S 2 75; .Turkey red. $2.953:
bUestem. $33.05: feed barlev, $2 25
2 27; white oats. 2!J2.n5; bran. $28
2S.50; middlings. $373S: shorts. $30031.
can ooara parley, jviay, bid.
$2.32 asked; December, 1.60 bid, $1.65
asked.
Puget Sound Grain Market.
SEATTLE, Jan. 20. Wheat Bluestem
16c: green stags (50 lbs. and up). 12c: dry $1-66; Turkey red, $1.66; fortyfold. $1.63
hides. 30c: salt hides. 25c: dry horse hides,
XI 2: salt horse bides. 3g5.
PELTS Lry long-woolea pelts. 24c: ary
short-wooled pelts, lie:; dry shearlings. 10
25c each, salted long-woolea pelts. Sl91.50;
salted short-wooled pelts, ooewxi.
TALLOW No. 1, 8c per pound.
WOOL Eastern Oregon,
coarse. 33i3 30c: Valley. S3
MOH Al R Nominal
CASCARA BARK Old and new, 5c per
pound.
Provisions.
' HAMS All sizes, choice, 23c; standard.
22c: skinned. 2021c; picnics, 15c; cot
tage rolls. 17c
LARD Tierce basis: Kettle rendered.
19c; standard pure, 19e: compound, lttc
BACON Fancy. 2330c; standard, 24
6 26c: choice, 21 23
DRY SALT Short, clear backs, lT19c.
export. 18 20c; plate, 1415c.
BARREL GOODS Mess beef. 22; plate
beef, $23; brisket pork, market; tripe. $10.50
11.50.
Oils.
KEROSENE Water white, drums, barrels
or tank wagons. 10c: cases. 18 22c.
GASOLINE Bulk. 21 c: cases. 30c: naph
tha, drums. 19c: cases. 30c: engine distil
late, drums. 10c; cases. 19c
LINSEED OIL Raw. drums, $1.10;, bar
rels, $1.08: cases. $1.13; boiled, drums, tl.12;
barrels. $1.10: cases, $1.15.
TURPENTINE In tanks, 67o; I
72c; 10-caae lota, lc less.
club. $1.63: fife. $1.63: red Russian. $1.6L
Barley s.nj per ton.
Yesterday's car receipts Wheat 15. oats
8. barley 1, corn 2, hay 6. flour 7. ,
TACOMA. Jan. 20. ."Wheat - Bluestem.
81.70: fortyfold. club and red fife. 1 Krt-
fine, 2430c:!red Russian. .11.64.
35c. I car receipts Wheat 25. corn 1. hay 12.
MARKET
SAN FRANCISCO PRODUCE
Prices Current on Batter, Eggs, Fruits. Veg
etables. Etc.. at Bay City.
SAN FRANCISCO. Jan. 20. Butter Fresh
extras. 37c; prime firsts, S6c; fresh firsts.
35 c.
Cheese New, 17c; Young Americana,
21HC.
Eggs Fresh extras. 37c; pullets. 35 c
Poultry Hens. 21c22c; old roosters. 12
13c; fryers. 2325c; broilers, 2730c.
large. 26c; squabs. $2.25250; pigeons,
$1.25L75: ducks. 18614c; geese. 1517c.
turkey 23 25c
Vegetables String beans, Florida. 25 O
30c: lettuce. Southern. $150?l.75; fancy
j;g'2.25; peas, Southern. lOjelle; small. 3
t8c: cream squash. 90c $1.25; tomatoes.
Southern, $1.25; eggplant. 20 & 25c ; green
eppers, 7frl4c; garlic 3 & 5c : sweet potatoes,
cellar stock. $2.75: celery, $363.50; rhu
barb, 91.2591.75: marrowfat and bubbard
squash. $1.2591.30.
Potatoes Rivers. $2.402.65.
Onions Carloads. $6 per sack.
Fruit Pears. Winter Neilis, $29205;
lemons, $3 iff 3 25: grapefruit. $3.252.50.
Balance Sheets Record Increases
14.92 to 26.04 Per Cent Over
4b.e Preceding; Year.
fhe'Sjrosperlty of the United States In the
past year is evidenced In the record busi
ness of the 5-snd-10-cent stores throughout
the country. More goods and money passed
over the counters of ths stores during 1916
than ever before in the history of the chain
stores system- The balance sheets for ths
year show tbese Increases over 1915: Wool-
worth Co.. 14.62 per cent: S. 6. Kreage Co.
26.04 per cent; S. H. Kress Co... 21.7 per
cent, and McCrory Stores Corporation, 20.89
per cent. .
In the year these four corporations sold
goods valued at $135,385,604, compared with
1114.982.651 In 1915. an Increase of $20,402,-
953. The following table shows the sales
of the four companies for the last three
years:
1916 . 1D13. 1914.
Wworth.. $S7.0S2.513 $73,995,774 $69.619. BHD
Kresere 26.393.544 20.943.300 16.097.393
Kress 15.122.558 14.420.5s0 H,8i)7,sV
M'Crory 6.7S6.9S0 5.613,aoi 4.B2U.184
The Woolworth stores earned 9.9 cents
on each dollar's worth of sales In 1915. On
this basis the net last year would be approx
imately $8,600,000, which, after taking 7 per
cent on 13,000,ooo preierrea slock, wouid
lnve about S7.690.000 for the $50,000,000.
or $15.38 a share, compared with $13.18 in
1915. '
S. S. Kreske earned about 6 cents on the I
dollar In 1915. and at this rate tho net for
1916 would be about 11.583. 510. After al
lowing 7 per cent on the $2,000,000 preferred
there would remain $1,443,610 for the $10,
OuO.000 common stock. This stock Is $10 par,
so that the net would be 14.43 per cent, or
$1.44 a share, compared with 11.67 per cent,
or 11.17 a share in 1910.
The S. H. Kress net in 1915 was at the
rate of about 8.8 cents on the dollar, but
it is hardly believed that this return will
be equaled in 1915. Net. however, will
show an increase and interests close to the
company estimate at $l,150,0o0. After al
lowing 7 per cent op the $4,000,000 preferred
there would remain $370,000. or 17.25 on the
$12,000,000 common stock, compared with
$6.04 in 1915.
McCrory earned 6.8 cents on the dollar (n
1915. and in this basis sales last year would
result in net of 1461,513. Preferred divi
dends amount to $S7.5oO. which would leave
1374.013 for the $3,000,000 common stock, or
$7.40 a share, compared with 16 In 1915.
All four of the corporations expanded
greatly In 1919. The Woolworth Company
led. opening 112 new stores, bringing the
chain up to 920. The company, it is re
ported, has 57 new sites under lease, on
which stores will soon be opened.
The Kreske Company opened 10 new
tores in 1916. and now has 17 in opera
tion. - The McCrory chain . was Increased
by
2.200
700
80
2.800
200
600
60O
ROO
9O0
1.100
68
27
103
80 i
27
97i
81
109
22
144
126
114
121
107
29i
68
122
46
1S0
103
41
16
1034
'24
ioo
48
23
"56
26
102 i
79
27
92
SI
10S
230
144
12.-,
113
121
106
29
bid.
94
47
67
109
1242
S8
84
105
56
2
4'
27
162
9n
64
90
31
55
47
24
64
32
169
116
S
105
15
68
120
90
25
129
104
41
16
103
61
24
101
48
135
108
82
58
27
103
80
o
97
81
108
231
144
126
114
120
107
20
99
r.3
Total liabilities 8877.819.000
Gold reserve against net deposit and note
liabilities. 73.4 per cent.
Cash reserve against net deposit and note
llsbilitles. 74.6 per cent.
Cash reserve against net deposit liabili
ties after 'setting aside 40 per cent go4d re
serve against aggregate net liabilities on
Federal reserve notes In circulation, 75.3
per cent.
Bins discounted and nougnt. ssi.voi.wu.
Municipal warrant.. 11. 177. OOO.
TANKERS HOLDING OUT
IsOWER PRICES IN HIDE' MARKET
AXTI CI FATED.
Gradual Decline In Packer Varieties la
Noted- Conn try Skins Are Mixed
and Unsettled tn East.
There Is a fair local lobbing trade In
potatoes and J.2 o to $2.50 a sack is
being quoted by Front-street dealers.
No chansre In the arowers' sellintr
price of onions was announced at the
meetinisr of thA Con federated Onion
Growers" Association yesterday, the
O. b. Quotation standing at i 5 a. sack.
The shipping movement was good dur
ing me weeK. f ront street joobers are
Quoting tS.bO to t& a sack on lance
onions.
Potatoes Advance at Tacoma.
TACOMA, Wt&h., Jan. 20. (Special. '
Local-grown potatoes advanced an
other $2 In the Tacoma produce mar
ket baturday - morning and are now
quoted at $45 a ton. The supply on
hand ts none too large and dealers are
expecting another rise soon. While
there are a few Yakima potatoes in
the market, they are extremely scarce,
and dealers are asking $50 a ton for
what they have.
Onions are also very scarce and Ore-
gons, the only ones now In the mar
ket, advanced 60 cents to $5.50 a hun
dred pounds Saturday.
Pyramid, .winner and Four X flour
dvanced 20 cents a barrel Saturday.
Practically all the local brands have
moved up during the last three days. -
Total eales for the dfty. 2SO.O00 shares.
BONDS.
V S ref. 2m reig. J?-'N,or Pac 3s W
U s rer. L'b cou.'wiFac Tel & T Bs"lOl v.
U 0 8i rer ! 01 ; Perm con. 4Hs. 107 i
LT S 3a coupon.. 101 Sou Pac ref 4a.. 1H
u s 4s res -no I'nion Pac 4a.. tii
TJ S 4a coupon. llOH'l-'nion Pac cv 4s flr1,
Atchison aer 4a 7 u H steel 3s ltH
N Y Ceo deb fts.llliV Sou Pac ev rs..l04U
N'or Pac 4a 96 (Anglo-French 5a D2!
Bid.
Boston Mining Stocks.
BOSTON, Jan. '20. Closing quotations:
Allouez 60 (North Butt-
Ariz. Oommer.... 13 Old Dominion...
Cal. & Arizona. . . 8li Osoeoit.
Cal & Hevla. . . iQuInc;
Centennial.
Cop Range Con . .
E Butte Copper. .
Franklin
lsl Roy Cop...
Lake Copper..
Mohawk
23 ir-hHnif.f .
664'Supt:riir
14 b'.-up & Bos Min..
8 (Tamarack
33 H I'tah Consul
16 (Winona
84'wolverlne
21
87
4
Money, Kxchange, Kte.
NEW TORK. Jan. 20. Mercantile paper.
3H per cent. sterling. oU-day bills. 94.72;
commercial 60-day bills on banks. $4.72;
commercial CO-day bills, $4.71 K demand,
$4. 75 ; cales. $4.76. Francs, demand,
5.84; cables. 3.83 W Marks, demand. 67 4 ;
cables. 67 5-18. Kronen, demand, lo.so
'u, ble. 105. Guilders, demand. 40 13-16;
cables. 40?fc. LI res, demand. 7.02; cables,
7.01 H- Kuble. demand, 28.90; cables, 28.05.
Bar silver, toc.
Mexican dollars. r94e.
Government bonds, steady: railroad bonds,
Irregular.
SAN FRANCISCO, Jan. 20. Sterling; In
London, S4.71 H ; demand. 94.75 ; cables.
$4.76i. Mexican dollars, 58c
Jan. 20. Bar sliver, 3Td per
Eastern tanners a-.e still out of tl.a mar
ket for bides, owirg to anticipations of a
decllna In prices. lrrt reports from the
Eaat say of the situation there:
In general tne domestic hide market con
tlnues slow. The latter end of last week
some trading developed in back salting.
mostly October light native cows at Si4c
which packers expected would prove a fore
runner to new business. From 10.000 to
2.000 chanced hands, but following- this
radina tanners have held consistently out
of the market and the undertone remains
weak. While the price accepted on Octo
ber containing; a few early November light
cows registered but Vi cent decline from
former actual sales or this description.
packers had been asking up to 33cents for
these earlier take-off hides, and on thli
basis buyers figure December and later salt
ing not worth over 30i cents to Si cents.
in tne same way ouyera comment ly ex
pect to operate at declines all along the
line. Native steers sold about a month ago
at 33 H cents, but buyers' views today top
at 32 cents. Tanners also anticipate pur
chasing branded selections from H cent to
1 cent off and they figure heavy Texas and
butt-branded ateera worth around 81 H cents
to 32 cents, and light and extreme Texas
ateera, Colorado and branded cows 80
cents to 31 cents.
Country hides are still mixed and unset
tied, and on the whole quiet. All sorts of
prices are talked and It is difficult to list
exact Quotations, but tn a aeneral way aood
quality buffs are considered worth about 24
cents, as are also heavy cows, while tan
ners are talking a 22 -cent market for later
delivery poor hides, and. In fact, sales have
been reported at as low as -2 cent a Jr.x
treraes are more or less nominal. It is re
ported that there Is stiU a demand for back
itlng superior quality stock, but later re
ceipts for future shipment are not In de
mand and rule weak and nominal, as usual
when the season for Inferior hair and de
scription hides approaches.
Calf skins have ruled generally quiet.
with no new business West, and the ten
dency toward easier prices, although quo
tations are unchanged. In the Eaat there
is more inquiry and demand, but buyers
are bidding down materially In some cases
on New York cities. Rumors are current
of some business having been consummated.
but no details are to be had concerning
prices, and In a nominal way New York
City all skin weights are quoted around $5
for 5-pound to 7-pound welphts. $5.50 for
7 to 9s and $6 for 9 to 12-pound.
Foreign dry bides are tn more demand
at a slight sacrifice in values. Recently
Puerto Cabell os. etc. sold down to 41 H
cents, regiaterlng 1 cent decline on these,
and there were negotiations under way for
Bo ota a at a recession In price, but actual
confirmation of transactions is not yet to
hand.
LONDON,
ounce.
Money, 8 per cent.
Discount Short bills,
months. 5 per cent.
S per cent; three
Stocks Idle at London.
LONDON, Jan. 20. American securities
were Idle around parity on the stock market
here today.
INCREASED DEMAND FOR BONDS
British
Be
Over
Chicago Dairy Produce.
CHICAGO. Ja.i. 20. Butter unchanged.
Eggs lower, receipts. 2173 cnr. Firsts, 86
G 37c; ordinary first a, 33fi-5c, at mark.
cases Included, S3 36 4.
New York Sugar Market.
NEW YORK. Jan. 2rt. Raw sugar, steady..
Molasees. 4.40c ; centrifugal. 5.27c; refined,
steady; fine graulated, 6.75c.
Cotton Market.
NEW YORK. Jan. 20. Spot cotton quiet."
Mid-upland, 16.00c No sales.
D ninth Linseed Market.
DTJXtTJTH, Jan. 20. Linseed on track.
$2.89 H : choice, $2.91 . Arrive, $2.8 ;
May. J2.93; July. $2.94 bid.
Elgin Butter Market.
ELGIN. 111.. Jan. 20. Butter 100 tuba
at 36 4c: 25 tubs at 37c.
Loan May
subscribed.
NEW TORK, Jan. 20. Dealings In the
stock market this week prompted little spe
clfic comment. Trading was small and
narrow in the main, though with a broader
tendency In the later sessions. Restriction
of operations was again attributed largely
to the continued abstention of public In
terest. There was a moderate increase of outside
or investment demand for bonds and high
grade stocks, but the Inquiry was not up -to
general expectations, Tho terms of the new
British loan attracted wide attention and
the syndicate managers already report ap
plications in amounts so large aa to indi
cate an over-subscription.
Domestic monetary conditions offer every
Indication of further relaxation. Since the
beginning of the year the banks of tbe
New York Clearing House Association have
Increased their actual reserves by more than
$85,000,000. although loans have expanded
by slightly more than $100,000,000 in the
same period.
Reports of a probable bond Issue by the
Bethlehem Steel Company accounted for the
weakness of that stock during the last few
day.
As for the Increased discounts In Rus
sian and Italian exchange, with recurrent
weakness In remittances to the Teutonic
countries, these were partly neutralised by
firmness in sterling and francs, with ac
tual strength in quotations on Switzerland
and the Scandinavian capitals.
Coppers regained some of their recent
losses on a stiffening of the metal market.
d.IIs nrars tha m rtmt hftf1rwrrl fsso 1 1
Some of the high-priced specialties moved" I WOO(j
bursementa. but the movement in that quar
ter was suggestive of pool activity.
'STml stores.
SAVANNAH. Ga. Jan. 2. Turpentine,
firm. 52 Sc. Sal "a 2o barrels : receipts,
115; shipments, f.64 ; stork. 18.743.
Rosin firm. Sales, 10S2 barrels; receipts,
15V.; shipments. 128: stock, 78.543. Quote:
A. B. C. D. E. F. $6.20: G. $6.25; H. $6.27 H ;
I. $6 50; K. $6,43; M. $6.60; N. $6.&5; WG,
$7; WW. $7.25.
Coffee Fu tares QnJes.
NFW TORK. Jan. 20. The market for
coffee futures was quiet again today with
fluctuations rather Irregular u narrow,
Prices opened unchanged to 2 points high
er, but were barely sustained, with May
selling between 8.57o and 8.60e and clos
ing at 8. 58c Tbe general list closed net
1 nolnt lower to 2 points higher. Sales:
January. 8.45c; February. 8.4ftc; March.
8.52c: April. 855c; May. 8-KSc; June, 8.62c
July 8.65c: August, 8.69c: September. 8.74c;
October, 8.78c; November, 8.83c; December
8J7c
Spot, quiet. Rio Ts, 10; Santos 4s. 10.
No fresh offerings were reported In the cost
and ferlght market exoept for Santos 4a.
well described at 10.71 London credits foi
shloment on a neutral steamer.
The official cables reported no change In
the B rax Mian ma rke ts. Vic t orla cl eared
000 for New York.
OViiKtSilCK Si
COOKE CO.
Braaara. Storks Bonds. C
Orsla. Kta.
tia-TIl BOARD Or TRAItK IM.IX
alavlItaCaU CHK.MM UOaHU lit
X&altak
C.rrpnnitoats .1 VJnrsa A Drn.
CbtraCB sad New Vwk.
UMBCU
Beit Tortr Stork Esrb.ac
Chicago Stork KirhMta
Bn.tnn Stork sirllBPSfc .
I taU.su Hoard Trad.
Hew Vork lull on fcmrtiM.Ba.
Sm Orlean tolton Ki-h.ia .
.rw a.rk t'effc Cirhaats,
. lor frodu ' B-ariiaj,!,
a-iritw! f".it ' 1h a
TRAVELERS CODE.
rTWIN PALACES
S. XOFTH t(-- r-r-r. - pra
train ttmo. SMIs Jan. JS. SO. Fob.
. 8, 13. 20. 24.. Cal. t-tr. Exprrsa IravM
U:30 A. M. Fares . 1 12.S0, J17.5U,
(20.
. S. RREtT NORTHERN. Fan Fran
co and I oa Angelas to Honolulu. Jan.
23: Feb. 12: March 5. 23: April 11. SO.
kliau roun.. trip, and up.
TICKET j Mat Ion. loth and Hoyt
I loo fid. Bnrlloirlon Ry.
ALASKA
Dried Fruit at Sw York.
NEW TORK. Jsn. 20. Evaporated apples,
dull: fancy. 9c: choice. 88"4c: prime. ?e
70.
Prunes firm
Peaches, quiet
Hops, Etc.. at New York.
NEW YORK. Jan. 20. Hops, quiet; hides,
dull: wool, steady.
GOLD PIECE FOUND IN LOG
Ballets and Old Paper of 1853 Are
Taken From Crypt in Wood.
EXCESS BESEKVES AT HIGHER FIGCKES
Cain of Over Twenty-one Millions Beported
by New York Bankers.
NEW TORK. Jan. 20. Tho statement of
4 new stores, brlnclng: the total to 139. the actual condition ol clearlnp-house banks
SAN FRANCISCO, Jan. 20. (Special.)
Fortune smiled on Howard Modesto
today across tbe span of years from
the "days of old."
Modesto went out to saw some fire-
He found a stump near the
Isolation Hospital and began sawing'.
His saw struck something hard and
he found two bullets in the stump.
Also he found a small hole. From it
he drew out a $5 gold piece wrapped
in an Issue of the Alta. a California
paper of 1852. .
When be got home Modesto found a
collector for an Insurance company
m.uwl. a... . k
r.'erabara'. Jafieaa. 'JoauM.II. I.usla
M 4a H.aftf.
CALIFORNIA
1a Sea.t.e v cmq - ...,. a. to Le
Angeiss sad ban U . aresr. shia
aneaualed service, mw rates, laci ia4.s
Sfiesls and berth.
For particu.ars app.y or teteph
rACIFlC riTMMHlP CO"AJir.
Ticket Office, 1 Washing! stw ,
fac. Mam Xv. .louts' A S?s
AUSTRALIA
M U Honolulu, Suva. Now Zoaiod.
TBE rALATML rAWK.M.K.K i r. ,i
R.M.K. "KIAUAKA.- B.M.S. "MAKl 11 '
izo.ood tons dls lli.OPO ton. dia a"
Sail from VANCOCVER. B. C, Jan. 17. 1-eh.
14, Mar. 14, Apr. 1L Apply Canadian l'acilio
Railway. 65 Third St.. Portland. Or., or ia
the Canadian Australian Roval Mall Una,
avymour Street, ftaaacouvor. B. C
Th. S. H. Kress Company opened six new I and trust companies for the week shows He paid the o piece on his life lnsur
stores and now has U0. I that they hold (202,472,630 reserve In excess ance premium.
COOS BAY
EUREKA, SAN FRANCISCO
S. S. BREAKWATER
6 P. M. Sunday, January 21.
1-2 A Third Street.
Phones Main 1314 and A 1314.
D.S. Mail S.Sa, SIERRA. SONOMA, VENTURA
rBr3Fa as.
V HONOLULU M
LOWEST RATES OF PASSAGE Apply to
OCEANIC S. S. CO., C73 sUrsst St, Su innate '
railings sverj 21 days -
Jan.30. Fib. 20, Mar. 13
r