The Sunday Oregonian. (Portland, Ore.) 1881-current, February 04, 1917, SECTION TWO, Image 35

The Sunday Oregonian., February 04, 1917, SECTION TWO, Page 15, Image 35

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Newspaper Page TextTHE SUNDAY OREGOXIAX, PORTLAND, FEBRTJART 4, 1917. GRAIN IS FIRM AGAIN Local Wheat Bids Are Raised 3 to 6 Cents. CHICAGO LIFT FOLLOWED Oats and Barley Are Also Higher, . but Farmers Are Xot Selling. Buyers Disposed to Await Aeit Week's Developments. lxcal -wheat prices wer advanced yester day as a consequence of the strong close t Chicago, and that was about the only development of the day. No attempt was made to transact business In the country by the larger buyers, thoueh bids were re ported at various points on the basis of tide water quotations. They met with bo response on ths part of farmers, and on all sides the disposition was to sit back: and see what the coming week brings forth. Traders were divided In their opinions as to the probable course of the market, though the majority took a bullish vlow. As stocks are now so licbt In this country, however, the Idea prevailed In some quarters -that In the event of actual war with Germany the Government might take steps in regard to the wheat supply that would upset the grain trade's calculations. At the Merchants Exchange bids for blue stem were raised 4 cents and club was S cents higher." Other sorts were 3 to 6 cents over Wednesday's prices. Oats and barley were also inactive, but there was a firmer undertone In . both lines. The day's grain cable from Liverpool said: "Wheat dull but Arm, with moderate ar rivals. Corn very .Arm--on reduced arrivals, and firmness of all export offers. Oats strong with advancing spot. London buying, arriv als decreasing, consumption liberal owing to scarcity of all feeding stuffs. Flour firm, barley and rye strong with scarcity of of fers. "Argentine Offers firmly held and Hol land and Scandinavian shipments stopped. Feared . American exports will be smaller. Further rains have fallen, weather continues unsettled. Corn prospects have mproved but generally rain Is too late to do material benefit. . "France Very cold with snow. All prod ucts are affected by fear of arrivals, but buyers are cautious." Terminal receipts, in cars, were reported by the Merchants' Exchange as follows: Wheat Barley Flour Oats Hay Portland" Saturday 81 Year ago ...... Total for week.. 102 YeaF ago 28 Fpason to date.S7r0 Year afro OHMJ Tacoma . Friday . .. . 15 Ybar ago Reason to date..4RS5 ' Year- afro ..... .57443 Seattle Friday 8 Year ago 11 Feason to date. .SS07 Yttar ago . . .7144 but farmers were slow to part with their holdings. Bank Clearing). Bank clearings of the Northwestern cities yeserday were as follows: Clearinirs. Balances. Portland . $2,276,873 23a.0SH Seattle 2.(..T'.-J4 44U.121) Tacoma Ki;tt.ft4-2 44.7tS3 Spokane &f.9.2ti4 50.806 Clearings of Portland, Seattle and Tacoma for the past week and corresponding week of former years were: Portland. Seattle. Tacoma. 1817.. gl2.S5.54 $16,780,785 $2,174,203 1916. 1915.. 1914. . 11. . 1H12.. 1911.. 1910. . 1909. . ISO. . 1907. . 1906. . 1905. . 8.0t;ti.2Ml 11.232, Mil 10. 4 90.1, SI 10.2XO.825 lO.1.014 U.r.i5 362 10.4SS.120 6.6r..4r, 5.201.948 j,2r.l,2 4.&!'1,23S 4.079,301 9.040,0-1 10.CliO.OK4 11.6H2.721 10.7K. 4HO 10.280.B03 9,173. 1H0 .762.730 7,71.737 6.822.724 7.7K7.2.0 7.914.077 4,957,816 1.442,821 1.R41.2A2 2.0iV7,112 2.59J.613 4,320.4-U 4,403.773 4,8.',0.4 3.731.747 3.225,174 3.92R.434 3.793,524 3,043,335 LAST PRICES HIGH Advance of 14 Cents in Wheat After Opening Break. PIT HAS WILD SESSION 2 B .8 9 2 "i 18 66 48 23 2 27 149 1029 1R88 1575 1330 101)9 S22 1539 .. lib ' 236 1437 484 . . 55 1661 5 . , . 2 l e 877 10 1021 2727 1221 1318 77 147 POBTlUAIfD MARKET QUOTATIONS Grain, Floor, Feed, -Etc. Merchants' Exchange, noon session. February delivery: Bid Wheat Bid Tr. ago Bluestem 1-50 $ 1.04 Fortyiold l- Club 1.40 .tr. Red flte Red Russian 1-43 .93 Oats No. 1 white feed 34.50 20.50 hurley No. 1 teed 8.50 29.0 Futures -Biu. March biuestem - 1.5 March lortyfold March club 2' March Russian .i-y March oats l...jo March barley 3B.OO FLOUR Patents. S8.20; straight. i . 4 u 7.60; Valley, $7.70; whole wheat. $8.40; gra ham, $8.20. M1LLFEED Spot prices; Bran. $20.50 per ton; shorts, $30.50 per ton; rolled bar ley. (42S4S. CORN Whole, $47 per ton: cracked. $48 per ton. HAY Producers' wrices: Timothy. East ern Oregon, iy20 per ton: alfalfa, $14 lo; valley grain hay. $i2.i)Oaii4. Lniry and Country Produce. BUTTER Cubes, extras, 40c; prime flrsts, 39c: firsts. 38c; dairy, 30c. Job bing prices: Prints, extras. 42tf43c; cartons, lc extra; butterlat. No. 1, 43c; So. 2, 41c, Portland. CHEESE Jobbers' buying prices, f. o. b. dock, Portland: Tillamook triplets, 20c; Toung Americas not quoted. EGGS Oregon ranch, current receipts. 3(K(i;tlc per dozen; Oregon ranch, candled, 3fc'33c per dozen; Oregon ranch, selects, 35c per dozen. POULTRY Hens, heavy. 1718e; light, 1617c per pound; Springs. lBQlSc: turkeys, live, 18 in 20c; dressed. 224&20c; ducks. 18 p20c: geese, 12 13c VEAL Fancy. 14 14 Ha per pound. PORK Fancy, 1414c per pound. Excited Buying "by Speculators, Who Had Overestimated Depressing Effect of Rupture With Germany. CHICAGO. Feb. S. Wheat prices shot skyward today after a down plunge of 6 cents. The rise following amounted to 14 cents, the greatest cnango values have shown in a single day since the beginning of the European war. Excited buying on the part of speculators, who had overesti mated the depressing effect of a severance of American relations with Germany, was chiefly responsible. The close was wild In wheat at $1.67 to tl.liS, for May, and $1.47"& to $1.484 for July, with last trailing as a whole 33 to 7c above yesterday's finish. Corn wound up at a net advance of 1 to Hie, and oats with a gain of to lc. In provisions the result varied from 7c decline to a rise of 5c. Some bullish sentiment was engendered by assertions that with the navies of Eng land, France and the United states patrol lng the ocean, shipping would be facilitated rather than hampered. Corn and oats, like wheat, displayed tem porary acute weakness in resrwinsA to Oia news of the diplomatic rupture with Ger many. Provisions gave way as much as 57 cents in some cases, owing to the disclosure of ine stana taken uy the Government at vvasnmgten. In the end, though, the mar ket averaged exactly the same as before relations wun t.ermany were cut. .Leading futures ranged as follows: WHEAT. May .July Sept. May July estimated years are expressed In grosa value and are made to conform to the census plan so as to be comparable with those for the census years. If the gross value of the census farm production of 1899 is represented by '100, the i value for 1879 was 46.9; for 1889. 52.2; for 1909. 181.4; for 1914, 209.8; for 1915, 22S.4, j and for 1918. 285.1. In the subdivision of the valne of gross production into its two main elements, crops and animal products, it appears that the total estimated crop value in 1916 was $9,111,000,000. an amount greater than the sum of the estimated value of crops and of animal products for any year previous to '1912, greater than the total estimated crop value of 1015 by $2,204,000,000, and of 1914 by $2,909,000,000. The total estimated value of animal prod ucts in 1918 was $4,338,000,000. or more than double the value for 1904. which was the highest amount to that time. It was greater than the estimated value of animal products in 1915 by $470,000,000, and of 1914 by S5S5.0O0.000. Four crops have each exceeded a billion dollars in value at the farm in 1916. The estimate for corn Is $2,26.0O0.OOO; cotton lint, based on gross weight. $1,128,000,000; cotton crop. Including lint and seed. $1,406. 000.000; hay. teme and wild, $1,162,000,000: wheat. $1,026,000,000. Other crops that each exceed a hundred million dollars are: Oats. 6f.0O0.0O0: potatoes, $417,000,000: farm wood-lot products, $221,000,000: ap ples. $1S6.000.000; tobacco. $169,000,000; barley. $160,000,000. The level of prices Daid to nrodueers for the principal crops. December 1. 1916. was about 55.9 per cent higher than a year previous, 62.9 pet cent higher than two years before, and 82.8 per cent higher than the average of the previous eight years on December 1. The year 1918 was one of comparatively low crop production, but the prices and values of most of the crODS were extraordinarily high. ACREAGE FN' FAIL WHEAT SMALL Lewis ton Farmers Preparing for Extensive Spring Seeding. LEWISTON, Idaho. Feb. 3. (Special.) During recent weeks there has been but little activity in the local grain market, be cause only 5 to 10 per cent of the 1916 crop remains !n the hands of growers and buyers are unable to get cars to ship out grain already sold to Eastern exporters. One buyer. In reviewing the conditions, said he had not been ..able to get half of the cars needed to -move the grain of his company to satisfy contract purchases and that the only grain that would interest him now mnst be in cars and ready to move to the Eastern markets. Buyers are finding warehouse charges a burden and growers who have held their crops are ready to es cape this expense. The view is held that grain remaining In the hands of growers will be purchased In small lots and there will not be any further market activity until the season Is opened for the 1917 crop. Reports from all sections are that Fall- sown grain Is in excellent condition, but be cause of the small acreage; farmers are none too optimistic over the prospects for 1917. In the event weather conditions are favor able for plowing and seeding, farmers are prepared to seed an unusually large acre age, while unfavorable Spring weather would mean the crop acreage would be much be low' normal. Farmers are not concerned as to prices, the view being generally held that the war demand will at least extend through the next selling season and many express the view that the markets will be much higher than during the past season. BUTTER MARKET OSB CENT HIGHER City Creameries Int Ont Advanced Quota tion More for Cream Monday. Print butter prices advanced 1 cent yes leraay, city- creameries quoting -up to 43 cents In plain wrappers and 44 cents in cartons.- No change was made during the day In the buying price of butter fat, but Hon-, day morning there -will be an advance in this line of 2 cents, making the buying price of No. 1 cream 43 -cents and No. 2 40 cents. The cream- supply has decreased, one creamery reporting a shrinkage of 42 per cent in its receipts in the past week. High markets North and South further restricted the source of supply. Cubes were strong on the street at 40 cents for extras, and there were rumors of bids from Seattle half a -cent over this. No change was reported in the local cheese market. Five cars of cheese have been shipped to the East direct from Tilla mook, and 1000 cases are going from this city to Canada, part of which were loaded yesterday. It is presumed the latter deal Is for export, unless the bare condition of the Canadian market requires It. The latest wires from the Eastern cheese mar kets indicated a. somewhat easier feeling, wniun tne traae nere believes due. to the creak with Germany. Fruits and Vegetables. I.ocal lobbing quotations: TROPICAL FEJITS Oranges. navels. $2.25 2.50; Japanese, $12H.25 per bundle; lemons, $2.50(-3.7i per box; bananas, 5c per pound; grapefruit, $4.25(5; tangerines, $2 per box. VEGETABLES Artichokes. 90e$1.10 per dozen; tomatoes, $6(f-97.50 per crate; cabbage, $5 per hundred; eggplant, 25c per pound; lettuce, $2.35 Cy 3.25; cucumbers, $1.60 2 p-sr dozen; celery, $5.50 per crate; cauliflower, $2,25 42.50 per crate; peppers. 25(0-300 per uoudu. tack vegetables. $1.25 per sack; sprouts, 12ftc per pound; rhubarb, 9QUHC per pound. POTATOES Oregon buying prices. $2.50 & 2.75 per hundreu; sweets, $4 per hun dred. ONIONS Oregon buying prices, $6 per sack, country points. GRE.ES FRUITS Apples, 75c$l.BO per box; oeJLra, $1.75(2.50; cranberries, $10(11 per barrel. Staple Groceries. Local lobbing quotations: SUGAR Fruit and berry, $7.85; Honoluln Plantation, $7.30; Grants Pass beet, $7.15; California beet. $7.15; extra C, $6.95; pow dered, in barrels. $7.85; cubes, in barrels. $8.10. SALMON cjolumDla River, i-pouna tans. $2.40 per dozen; one-half - flats. $1.50; 1-pound flats, $2.50; Alaska pinks, l-pouna tails. $1.25. HONEY Choice, $38.25 per case. NUTS Walnuts, sack lots. 18c; Brazil nuts, 19c; filberts. 19c; almonds, 18319c: peanuts, 7c; cocoanuts, $1.10 per dozen; pe cans, 1819c: chestnuts, 10c. BEANS Small white, llttc: large white. 11.10c; Lima. S'-ic: bayous. 8.20c; pink, 8Hc; red Mexicans. 9tc; Manchurian. B6c. COFFEE Roasted, in drums. 17 W. 3 Sc. 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. 77f-ic per pound; broken. 4c; Japan style., 4fMHc. DRIED FRUITS Apples. 10llc; spri- cots, l(Q19c; peaches. 8H&10c; prunes. Italian. 8 ft-9c; raisins. 815c; dates. Persian. 15c per pound; fard. $2.50 per box: currants. 15 I fie: figs, $23.50 per box. Hops. Wool. Hides, Etc HOPS 1916 crop, 509c per pound. 1917 contracts, 10llc per pound. HIDES Salted hides (25 lbs. and up). 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 ids.), 2i(o28c: green hides (25 lbs. and up). 16c; green stags (60 lbs. and up), 12c: dry mops. oc; salt hides. 20c: dry horse hides. $l(f-2; salt horse hidea $35. PELTS Dry long-wooled pelts. 24c: dry snort-woolea pelts.. 17c: dry shearlings. 10-f 2oc each; salted, long-wooled pelts, $1(1.50; salted short-wooled pelts. 50c$l. TALLOW No. L 8c per pound. WOOL Eastern Oregon, tine, 28 3 33c coarse. 33&36c; Valley, 3341c MOHAIR Nominal. CASCARA BARK Old and new, 5Hc per 1IVU11U. Provisions. HAMS All sizes, choice, 24c; standard. ac; aktnnen. 20(v21c; picnics, 15c; cot tage rolls, 18c. LARD Tierce basis: Kettle rendered. ic; standard pure, is4c; compound, 16c. BACON Fancy, 3032c; standard, 26 zic; cnoice. zzu-ac. DRY SALT Short, clear backs. 18 20c export. l!H(B21c; plate, lStS-iec. BARREL GOODS Mess beef. $22: nlt. beef. $23; brisket pork, market; tripe, $10.50 May July Open. Hiph. Low. Close $1.61 $1 $1.54V4 $1.6774 144M, 1.4Sta 1.40? 1.47V 1.34 1.38 l.Slfc 1.37 CORN. '. 86 .98 H .93. .98 95 W .97 U .93 .97 V OAT3. .524 .53 .50 .83 51 .52 .49 .02 MESS PORK. 28.20 - 28.35 27.70 28.32 27.85 28.10 27.50 28.00 LARD. 10.15 1622 15.85 1615 16.10 16.37 16.07 16.32 SHORT RIBS. 15.12 15.17 14.77 15.10 15.30 15.30 15.25 15.25 STEEL TURNS TIDE Buying Movement Sends Stock Market Soaring. ALL WAR SHARES ADVANCE Recovery From Early Declines Is Prompt, Following the Announce ment of Break With Germany. Kails Are Less Prominent. ' Total gold reserve Legal tender notes, silver, etc.. NEW YORK. Feb. S. The stock market's response to the breaking off of relations with Germany was a sudden uprush in prices, manv .h.r. mmnrlilnf . the war Class re- i . ,, t nnin. I Total reserves untJlVShlnIr J h30i2t 'cTd ain-i f; r. bait note. Vtlf:fh ha " ui? iar Se Bill, discounted by member,.... uT rfT. Un,ia biL " " Acceptances bought dally thosa bar1njr noon financial and in dustrial conditions, were of the highest promise. The record-breaking: statement of the United States Steel Cornoratlon for the final Quarter of 1916, accompanied by an increased "extra dividend, the remarkable earn intra of Republic Iron A Steel Company tor luio. and the Increased regular and IW "extra dividends declared by the American Beet Sugar Company were am one the even ts w hich offered f urtner proof of industrial prosperity. ine larre subscriptions to the new Brit ish war loan, necessitating a reduction of allotments to the public, indicated that idie capital stands ready to supply funds for high-class investments. There was a distinct hai-detaln? of call and time money rates In respons to In creased demand, locally and at leadinc cosi ness centers. Cessation of gold fnports and shipments of cairrency to interior points are calculated to reduce local reserves. FOUR MILLIONS GAIN IX RESERVES Gold Holdings of Federal Bank Increased tm Week. WASHINGTON. Feb. S. The statement of the Reserve Board of the condition of the Federal reserve banks February 2 sjhowa: Resources Gold coin and certificates SSOtMU.Orto Oold settlement fund UC.&61.0UO Gold redemption fund with IT. S. Treasurer 1.S35.0O0 WOOL HUSHED EAST Market Is Strengthened by Tangle With Germany. PRICES HIGHER AT CLOSE $521,760,000 12.1 83,000 E CATTLE STRONG RECEIPTS AT LOCAL YARDS LIGHT DtTUSO WEEK, Hog Market Has. Upward Tendency Supply of Sheep and Lambs Inadequate. May July May July May July Cash prices were : Wheat No. 2 red, $1.67i : No. 3 red. .1.64; Nos. 2 and it hard, nominal. Corn No. 2 yellow, &0o; No. 4 yel low, 0314 05Hc; No. 4 white, nominal. Oats No. 3 white, 51S3c; standard, 51 :5314 c. Rye No. 2, $1.40. Barley $1 1.23. Tlmo thy $3. 50 5.C0. Clover, $121700. BREAK WITH GERMANY CHIEF FACTOR Speculators Profit Greatly by Downturn In ValueH. CHICAGO. Feb. S. Prospects of a sever ance of diplomatic relations between the United States and Germany with other pos sible consequences of Germany's notice of sea war without limit have oversha iwed all other Influences during the last week in the wheat market. The result on prices has been a setback ranging; from 4c to 20c bushel. Corn lost 4c to &5Vc, oats 3Hc to 514c and provisions 17c to 155. riiggest breaks In the value of wheat took place in the first minute of trading after the announcement of Cerxnany s new sea programme. The selling at this Juncture caused a sheer descent of 1514 c, but the flurry was virtually over within half an hour, notwithstanding that the tension in the pit at the outset had seldom, if ever. been equaled on 'change in Chicago. Whole- 1I9 throwing overboard of holdings was based, not only on tne assumption that a rupture with Germany was probable, but that export trade would perhaps be muc-i curtailed if not entirely cut off. One of the chief reasons for the sudden steadying of the market after such a sen sational fall was the fact that profit-taking oy snorts turned out to ue on an immense scale. A single firm was estimated to have been short as much as 30.000,000 bushels. Uenewed selling of wheat yesterday led by the concern which had most success fully anticipated the startling tumble in prices on the previous day was generally associated with rumors current that an American ship had been sunk and that loss of life had resulted. Opinion was divided as to whether the selling was also due to shrewd guesses in regard to fresh develop ments at Washington. Bearish factors earlier in the week in cluded a greatly enlarged estimate of the lUlts yield In Canada. On the other hand, the chief prop for the bull side of the mar- kot was the fear that extreme cold weather had wrough harm to unprotected portions of wie winter crop, Owing to the fact that neither corn nor oats are so much dependent as wheat on the export situation, the losses In feedstuff val ues, though serious, were relatively narrow In provisions, the chief effect of the pros- I'cLt i.uaL uL-can snipping mignt De greatly namperea was snown on pork, which at one time coiiapsea t.i.o a barrel. Oils. KEROSENE: Water white, drums, barrels or tanK wagons. 10c; cases. lH v'il'c. UAbuuiAiL isuik. zifcc; cases. 30c: naph tha, drums, lulfec; cases. 30c; engin. distil- te, drums, lozc: cases, lPc. LINSEED OILr Raw, barrels. $1.08: cases. ti.J.i; Donea, carrels, xi.io; cases, v1.17. ruKrcftiisMi in tanks. 01c: In cases Y4c; j.u-case lots, lc less. 6IX CARS . OF Tangerines ORANGES . RECEIVED Blake Their Appearance 1 ront Street. tix cars or oranges were received by steamer yesterday. . Tangerines also made their appearance and were quoted at $3 per ou-puuiia lugoox. -iney are packed with and without stems and leaves, Japanese oranges are about finished for the season. Standard sizes on Florida grapefruit are . scarce and worth a premium, but 54-sise is quoted lower. A fair trade In the apple market was reportea. Owing to more favorable weather condi tions in California, small vegetables like sprouts, artichokes, bunch beets, carrots and i-urnips are arriving in better condition. "'" mipenaj vauey nead lettuce is In transit, and prices will be lower this week. POOR LOCAL, DEMAND FOR Advance EGGS - Turn t San Francisco Ma Shipping Trade Here. There was practically no market for eggs yesterday. A few small sales were made on the street at 31 cents ease count, and other dealers asked 30 cents, but local de mand was lacking. San Francisco advanced again and the trade believes this may check the decline by bringing orders here that would otherwise go - south. Poultry arrival were light and the mar ket was firm with : a strong demand espe- - daily for large hens. . Dressed meats were also good sellers at firm prices. " Onions and Potatoes Strong. The' week closed with potato and onion prices strong, but no higher. The tendency in both lines. . however, is upward. Buyers were offering $2.50 to $2.73 for potatoes. SAN FRANCISCO PRODUCE MARKET Prices Current on Butter, Eggs, Fruits, Veg etables, r.tc. at Bay City. BAN FRANCISCO. Feb. 3. Rnttor Fresh extras, 4IM1C; prime flrsts, 40c; fresh Ekks Fresh extras. 39V.c: pullets. S3c. Cheese New, 19c: Young Americas, i;iw.c. Poultry Hens, 2022c; old roosters. 12 13c; fryers, 242Gc: broilers. 30th;3c: large, 26'2Sc; squabs, $2.25 4J-2.50; pigeons. fi.'fd'ffi.; oucks. x&iauc; geese, 1622c luraeys, uve, mksioc Vegetables string beans. Florida. 25 a ovc; deiiuce, ooumern. ti.ovl. 1.00; fancy 7X'i" z : peas, boutnern fancy, large, 9c; small, 54Tc; cream squash, $1.6.Ct-4 A.io, luiutiLwo. ouuuicin, .A.; eggplant. s loriaa, io-uc; green pepper, r londa. 20 25c; garlic, 3-&4c: potatoes, river, $2,500 2.65; sweet potatoes, cellar stock. $3.25: on ions. $f&'i.50; celery, $4.5015; rhubarb. $1.252; marrowfat and hubbard squash, $1.25451.50. Potatoes Rivers. $3.75. Onions $7.608. ' Fruit Pears. Winter Nellls. $2.503; lemons. $333.25; grapefruit. $2.25 2.50: oranges, navels. $2.402.65; bananas, $1 &1.50; pineapples. $2fe'2-50; apples. ' New ton pippins, $L.101.25;- Beliefieur, G075cC Feedstutfs Cracked corn and feed corn meal, uncertain; rolled -.ar ley. $45ty47; al- Zalla meal, s-:i. carioaos; less. $22. Receipts Flour, 6254 quarters: barlev. 5375 centals; beans, 2539 sacks; potatoes, 4035 sacks; hay, 595 tons; hides, 475; wine. 0,UUV ),dllUlll. Copper Market Unsettled. NEW YORK. Feb. 8. A very unsettled situation has prevailed in the copper market since the German blockade announcement of Thursday, and dealers refused to name quo tations toward the end of the week, except for some of the larger -producers, who said they would sell -their regular trade electro lytic for third quarter delivery at 82.50c. At the moment, however, an entire absence of demand was reported, with buyers hold ing off for fresh developments Iron was unchanged. New York Banks' Surplus Less. NEW YORK, Feb. 3. The statement of the actual condition of clearing-house banks and trust companies for the week shows that they hold $65.419.540 reserve in excess of legal requirements. This Is a decrease of $25,914,070 from last week. Dried Fruit at New York. NEW YORK, Feb. S. Evaporated apples quiet: prunes dull and easy; apricots and peaches firm; raisins easy. Minneapolis Grain Market. MINNEAPOLIS. Feb. 8. Barlev. SSeiSi $1.17. Eastern Wheat Futures. DTJLTJTH, Feb. 3. Wheat closed: Mir. $1.71i4; July, $1.09i. WINNIPEG. Feb. 3. Wheat closed: Mav. $1.GUH; July, $1.6SV. KANSAS CITY. Feb. 8. Wheat closed; May. $1.67; July, $1.444: September. $1.3414. ST. LOUIS, Feb. 8. Wheat closed: Mav. $1.68; July. $1.45; September, $1.85. Grain at San Francisco. SAN FRANCISCO, Feb. 3. Spot quota tions Walla Walla. $2.72 14 & 2.77 14 : Turkev red, $333.05: red Russian, $2.72 14 2.77 14 ; oiuesiem, r no . leeu oariey, (J.o 2.2214; white oats. $1.97"4r2; bran. $28 211. middlings, $3b04O; shorts, $3081. Call board Barley May, $2.28ii, bid; $2.30, asked; December, $1.80. Paget Sound Grain Markets. SEATTLE. Feb. 3. Wheat Bluestem. $1.49; Turkey red, $1.48; fortyfold, $1.46; club. $1.46: fife. $1.46; red Russian. $1.43. Barley. $38 per ton. Yesterday's car receipts: Wheat 8, flour 3. TACOMA. Feb. 3. Wheat Bluestem, $1.40: fortyfold. club and red fife, $1.35; red Russian. $1.30. Car receipts: Wheat 15, hay 4. Business was quiet at he Stockyards at the close of the week and prices were quoted unchanged. There was a strong undertone in all lines. Receipts were 8 cattle, 234 hogs and 7 sheep Shippers were: J. E. Smith, Newberg. one car cattle, hogs, sheep; Amdahl Bros., Monitor,' 1 hogs; II, J. Har ris. The Dalles, 52 hogs by boat. The day's sales were as follows: e, Wt. Price ' hogs .... 222 $11.15 2 cows . .. 'SMS $ 6 001 bull ....12KO 4.30 1 cow .... 9150 5.00 8 hogs .... 89 10.00 1 cow .... R00 8 00 1 lamb .... 90 12.25 2 cows ... 745 2 oO 6 goats 107 5 00 Kevlewing conditions at the yards, the Livestock Reporter says: "With the receipts of cattle the last few days the lightest for many months, prices on all good cattle are rapidly going sky ward. The offerings which have been on the market have been of the common and ordinary classes from valley points. The outlet for this kind of stuff Is limited and the price range between this kind and good kilting stuff is rapidly widening. Prices on 11 common to medium killers are showing price loss of a good 25 cents with the close of last week. "Receipts for last month showed a very substantial increase compared with a year ago. The increase in marketing over Jan uary, 191H, was 1692 head. January receipts totaled 7763 head, compared with 6071 year alto. "The demand for prime and good Deeves is very urgent, and a very active market can be expected. "Medium lieht grade steers are selling from $7 to $7.50. common steers from $6 to $6.00, and orr-grade llgntweignt jersey steers from $4 to $5.50. "The bulk ot steers sold yesieraay at $88.25. a week ago at $77.60, a month ago at $7.Baf8.3d, a year ago at 7 tVO. two years ago at $6.60 6 75, three years ago at $7.307.75, four years ago at $7.507.75. Receipts of hogs continue very light and another 5 to 10 cents advance was made yesterday. The arrivals have been prac tically confined to valley offerings of good quality. . There was a very keen demand from local butchers and as well all big Coast packers, but many had to go without getting anything, r-nme nogs are urmsiMg up to $11.40, with the bulk of the sales be ing made at $11.25 and $11.35. Pigs are selling mostly from $9.75 to $10, with roughs bringing siu.20 to tiu.ou. "Kastern markets had one of the most er ratic sessions for a long time. Prices all over the country opened strong, at prices from 10 to 40 cents higher In the early trade and closed at steady to 10 cents lower with yesterday's close. Provisions suffered heavy losses, opening as much as $3 lower. "The bulk of hogs sold yesterday at $11.15 11.25. a week ago at $11, a month ago at $10a10.23, a year ago at $7.40 ft 7.60, two years ago at $.G56.80; three years ago at $7.95'S.8.05: four years ago at $7.657.85. "Sheep offerings have been confined to a few lots of valley sheep since Monday. There is a continued keen demand for all available supplies at the advanced prices and the market for both sheep and lambs is in excellent shape. A number of loads of prime east-of-the-mountaln lambs brought $12.25 the first of the week. The bulk of the arrivals have come direct to packers. Valley ' lambs are selling mostly from $11 to $11 50. The bulk of lambs sold yes terday at $11, a month ago at $11. a year ago at $8.55, two years ago at $7 7.25, three years ago at $6.406.85, four years im at xo.no." Prices current at the local yards were as follows: r , Pjirtir Price. Steers, prim. 8 00 9 no Steers, fair to rooa Steers, medium Cows, choice Cows, medium to good Cows, ordinary to fair ....... Heifers Bulls Calves Light and heavy packing ... Light packing. j.i-i'o - Rough heavies Plus and skips Stock hogs Sheep Yearling wethers Lambs Old wethers Ewes new nnn.vntinir stock. To United States Steel more .than any other speculative favorite was due the buoy ant ra.ly of the latter part of the brief session. More than 20U.OVO snares ot ateei cammun changed hands. Its maximum of the day was 104 and Its final figure 104, a net gain of 3. utner striKing reversals irom 1 tic un certainty and hesitation of the first nour Included Industrial Alconoi, wnicn u vmuru to 1234 alter declining to ill v ; uenirai Leather at an extreme gain of 814. General Motors S. Republic Iron 9. Texas Company 10. Crucible Steel 6. and Airbrake 5. Cop pers rose 2 to 3 points. Utah showing marked firmness, even when other stocks were mani festing: irregularity. Relatively rails were less prominent in the buying and covering movements, displaying some of yt-sterday's heaviness. Total sales. 1.074.000 shas. Bonds failed to keep pace with the stock list, all International issues, except Ameri can Foreign Securities, falling to lowest quotations yet reported. Railway converti bles and Industrials eased 1 to 2 points. Total sales, par value. 3.350,O00. United States bonds -were unchanged on call dur ing the week. CLOSING STOCK QUOTATIONS. United States bonds.. ,. One-year Treasury nojtes. ........ Municipal warrants ............. Total earniQK assets ............ Federal reserve notett, net....... Due from other K. it banks, net. Uncollected items ...... All other resources - $533,943,000 400.000 34,707,000 93.112.000 30.550.0O0 18.B47.oiH 12.6K4.0m li,tSO.OOO 25,515.000 12.6S7.0O0 120.611.000 13.153.000 Am Beet Sugar.. American Can. . Am Car tk. Fdry.. American Loco.. Am Sm Refg. . Am Sug Refg. . . . Am Tel ; Tel. . . Am Z L & S Anaconda Cop. .. Atchison . - Baldwin Loco. . Bait & Ohio Br Rap Transit.. Ii & S Copper Calif Petrol Canadian Pacif .. Central Leath. . . Ches & Ohio.: . .. Chi Mil & St P.. Chi & N West. . . C R I & P Ry Chtno Copper. . . Colo Fu Sc. Iron. . Corn Prod Refg. Crucible Steel . . . Dist Securities. .. Erie General Electric. Gt North pfd .... Gt Nor Ore ctfa.. Illinois Central. . !nt Consul Corp. inspiration Cop.. Int H.irv N J . . . In M M pfd ctfs. K . boutnern . . ., Kennecott Cop. . ouls A Nash. . . Mexican Petrol.. Miami Copper. . MK4T pfd Mo Pacific, new. Montana Power.. National Lead. .. Nevada Copper. . N Y Central N Y N H & H. . .. Norfolk A West. Northern Pacif.. Pacific Mall Pac Tel & Tel. . . Pennsylvania . . . Ray Consul Cop.. Reading Rep Ir Steel . .. Shut Ariz Cop. .. Southern Pacif.. Southern Ry.... Studebaker Co. ., Texas Company.." Union Pacific. . . do pfd U S Ind Alcohol. U S Steel do pfd Utah Copper. . . . Wahash pfd B. .. Western Union.. West Klectric Sales. 11.200 6.900 3. U0O 7.900 12.100 1,900 500 . 400 26,000 5.90O C.10O 2,600 1.600 3.80O 4.400 4. GOO 14.40O 2.9O0 7.1O0 300 " V.n6 S.OtKl 8,900 19,700 2,700 15.900 1.30O 2.K0O 5.200 2.00O 3.3O0 18,700 bV.ioo 1.400 17.500 4.000 8.400 4.500 1.000" 5.700 1,300 70O 8.4O0 12.000 3,700 4.900 6.4UO 1.70O Closing 5.900 6.000 20.000 1.600 1.100 8.300 17.000 8.3'0 5.4O0 19.6O0 2)0 25.9O0 214,100 1.500 21.SO0 2.100 1.300 1O.80O Total sales for the day. 1,075.000 shares. BONDS, u s t-t 2s reg w,BNo Pacific Ss... 67i do coupon.. 94BPao T ft T 5a. ..lon4 U S 3s reg lOl B'Penn con 41S..106A do coupon ..101 B;So Pac ref 4. . . 921 j is ...110 n.Lnion pac 4s.,.. 9Sii ao coupon . .UOftBSo Pac cv 4s.... 94 1i Atch gen 4s.. 04 ITT S Steel 5s lost NYC deb 68.1074 So Pac cv BS...10O No Pacific 4s. 94 ii I Anglo-French 6a 024 Mining Stocks at Boston. - BOSTON, Feb. 3. Closing quotations: High. Low. bid. 92 -k 881, 92 43 36 42 61 57 60 68 62 67 97 964 103 ?i 104 H 10514 124 122 123 33 32 33! 73'3 71 73 102 10O 102 47 43 46 76 74 75 73 69 71 42 38 40 23 20 23 157 154 155 79 70 74 59 56Ts 5814 85 , 82 84 120 120 120 26 52 4S 52 43 39 43 19 18 19 58 60 56 25 22 25 26 23 26 163 161 164 115 111 114 30 27 30 lOl 100 100 13 13 13 55 60 55 115 8 62 06 21 J1 21 42 40 42 124 122 12i S7 82 86 36 H 34 34 16 15 14 29 27 29 85 94 95 55 ' 5'J 54 22 20 22 95 91 95 1 40 41 129 127 128 1U5 101 104 19 18 1- 29 64 53 64 24 23 24 92 88 91 75 65 73 23 23 24 92 OO 92 2S 27 2S luO"i 94 98 213 200 215 134 J31 134 84 84 84 123 111 123 104 99 104 120 117 120 107 102 103 2 24 23 64 93 94 49 46 49 Total resources ... $881,991,000 Liabilities ' Capital paid In ..$ 55.723.000 Government deposits 23.S33.OoO Due to members' reserve account 6Hti.7ti8.ooo Collection Items 101.232.0OO Federal reserve notes, net....... 11,4 1 l.OoO All other liabilities 352.O0O Total liabilities $881,991,000 Gold reserve against net deposit and note liabilities. 76 per cent. Cash reserve against net deposit and note liabilities, 77.8 per cent. Cash reserve against net deposit liabili ties after setting aside 40 per cent gold re serve . against aggregate net liabilities on Federal reserve notes in circulation, 7S.4 per cent. Bills and acceptances, $24,839,000. Municipal warrants. $392,000. BAKER CONGESTION CLEARS Snowbound Trains Begin to ' Move East and West. BAKER. Or., Feb. 3. (Special. The railroad congestion was partially re lieved today by the 'clearing of the tracks between this city and La Grande, and tne departure of the two westbound trains that have been held up in the local yards since yesterday morning and by the arrival of three trains from Portland. The three eastbound trains passed through Baker this morning. The west bound trains left here at about o'clock this morning. Intermountain traffic is still being blocked by snow and could in Wyoming, according to reports from the Rock Mountain sections, and train No. 17 of today has been annulled. A stub arrived from Huntington thi evening, carrying mrsil and passengers, but further than this, no promise of more trains before tomorrow is given by the local O.-W. R. & N. officials. Demand for AH Grades Has In creased Deadlock in Contract ing Operations Latest Spot Sales in East. Wool dealers -here agree with Eastern wool men in the view that the latest develop- . ments win strengthen the wool market, rather than depress it. The demand for wool certainly is not going to be lessened, and no Increase in the available suddIv is in sight. Trading In the Eastern markets has become heavier and prices prevailing there on Oregons and territories are a good 5 CentS a DOUnd Scoured hlrhP than & week ago. ' The need for wool at the manufacturing centers la shown by the rush shipments of o:a wool that are now going forward from tnis city. The contract situation has not been altered. Growers views are advancing stead ily and business In unshorn -wool in this state is practically out of the question. Among the transfers of domestic wool in the Eastern markets reported In the past week are about 500.000 pounds California la months" at private terms: 00,000 pounds Wyoming three-eights-blood at 40 cents, or 90 to 92 cents clean: the same amount Texas Fall wool at private terms; small lots of nno and fine medium New Mexico. Wyoming, Nevada and Colorado clips, at 95 cents to $1 scoured basis. Three-eighths-blood combing is now in largest supply among the stocks of territory wool. The scoured basis of prlcea for territory is largely nominal, but the value of the best fine staple is figured as high as $L25. The range is from that price down to 80 cents for tine medium cloth ing wools. While scoured territory wools are In short supply, one or two sales of fair size are re ported. One transfer has been made which Involves about 135.000 pounds, at 80 to 95 cents. Another deal, the basis of which ia not disclosed, covers some 67,000 pounds. Both scoured and greasy lots of pulled wools are being taken steadily In the Eastern market. Combing pulled has brought as high as 73 cents In the grease. The scoured basis for such pulllngs is from 75 cents for low to 93 cents for One. The basis for scoured pulllngs is unchanged, with Eastern extras at $1 and upward, nne A supers at 9$ cents to $1. A supers at 85 to 88 cents arfd B supers at 75 to 80 cents. Western pull lngs are quoted at 78 to 82 cents for A supers and 7.1 to 77 cents for B supers. HONOR HELD NOT AT STAKE Seattle German Press Says There Ts No Need for War. SEATTLE, Wash., Feb. 3. The Seat tle German Press says the National honor of the United States is not at stake, and continues: "The pro-British press of this coun try does not reflect the sentiment or the people. The people do not want war; they want peace, because they realize that active participation in this conflict for obvious reasons is impos sible. Besides, there is not necessity for it. No nation lias the duty to pro tect foolhardy adventurers who insist in presenting themselves as targets to the German bullets. And that is what American citizens are doing who enter the barred zone." BILLION DOLLAR CROPS 7 OO'S 8.00 .K(Vffil 6.75 7.35-3) 7.75 6.50'ti 7.00 5.75-iT 6 23 B iMIfr 8 00 3.75 4 00 3.00 0.00 11.15(311.40 IO 8011.25 9. 83 (h 10 00 9.35 a 10.00 8-00 W 9.00 nsffio so 11.O0W 12 25 10 00 'it 10.25 S.50 8 9.23 Alloucz 61 Ariz Com 11 Calumet & Aria. 76 Chicago livestock Market. CHICAGO. Feb. 8 Hogs Receipts. 8000. strong. 10 to 10c ";"',, ,.-,1 "Sr. m?ed Vll.4o712.05; heavy. $.45$12.05; rough $114511.60; pigs. $9.25010.60 CatUe Receipt. 100. steady. V ' cattle $7 7512; Western eters. $7.75(810.15. stockere and feeder, nJ heifers $510.25; calves. $10014. kpecelpts 10O0 strong. Wether $10.40(3(11.75; lambs. $12 Q 14.65. Naval Stores. SAVANNAH, Feb. 8. Turpentine, dull, 51c- sales! none: receipts, 68 barrels; shlp meAtsTfl barrels: stock. 16,132 barrels. Rosin, firm: sales. 325barrels; receipts. barrels; shipments, 28- barrels: stock, 78.038 barrels. Qte: A. B. C. D , E. F. G. $6 10- H, L K. $6.20: M, $6.45; N, $8.50; WG. '$6.65; WW, $6.90. Coffee Futures Unchanged. -vn-Fttc Feb. S. The news of a break . i,.inrr,Btle. relations with Germany had comnaratlvely little effect on coffee prices. T7 unn hacrs. March. 8.32c; May, o ....... r.,iv 8 48c: September. 8.57c; Octo- h'r" ROlc: December, 8.68c; January, 8.72c Spot, unchanged. Cables, featureless. Chicago Dairy Produce. CHICAGO. Feb. 8. Butter, unchanged. n.inti 6210 tuba. c inr. Receipts. 4662 cases; firsts. CORN, COTTON, HAY AND AVHE AT ! 4 re42 ; ordinary firsts, 4041c; at mark. cases included, Mtjjjc. Cal A Hecla. . Centennial ... Cop Range. . . East Butte... Franklin Oranby Con.. Greene Can . . . Isle Royalle. . Lake Cop.... 5S7 20 59". 12 76 41 3 11 78 N 'sslng North Butte.. Old Dom Osceola ...... Quincy ....... Shannon . . . . . Superior Superior A Bo Tamarack . . . Utah Con Winona ...... Wolverine .... T 21 57 80 85 8 13 47 16 4 45 Money, Exchange, Etc. NEW von K Fob a in..Hi. 33 per cent. 1"". sterling 00-day bills. $4.72 : commercial 60-day bills on banks. $4.72; commercial l0-dny- bills, $4.724: demand, $4.7370; cables, $4.78 T-16. Francs, demand 6.84; cables. 6.83; marks, demand, 67; cables. "1: kronen, demand. 10.80: cable. irt-. guilders, demand 40 ; cables. 40 13-10; lires. demand 7.28; r-nbles, 7.27; rubles, de mand 2 50; cables. 28.60. Ba- silver. 70 c Mexican dollars, 59 He ABERDEEN AWAITS ORDERS Armory Is Under Guard and Men Are Expecting Call to Arms. ABERDEEN, Wash., Feb. 3. (Spe cial.) Company G is expecting call to mobilize with the remainder of the units of the guard ot the state at an couver as a result of the break between the United Slates and Germany, ana Fourth Division. Naval Militia, is equal ly expecting orders to proceed to tne Pusret Sound Navy-yard at Bremerton for Federal service. No orders sum moning either company G or Fourth Division have been received. The armory at the Pythian Temple was under guard today, though Captain Comeau, of Company G. will not say whether orders to post the guard have been received. SAN fP. A NCI SCO. Feb. London, $4.71; demand. S. Sterling in 4. io; cables. $4.76. Mexican dollars, 68.60c LONDON. Feb. 8. Bar silver. 87d per uuimo. .'imiry o tn i cem; aisoounr. rates. Duvii uuu imcp iiiiMiuiB, tf o per, cent. Stocks Weak at London. LONDON. Feb. 3. American steel shares were easy and. American rails were weak in sympathy with Wall Street on the Stock Exchange here today. BANKERS ARE PREPARED RESOURCES OF UNITED STATES GREATLY STREGTIIEED. ARE YS LEAD. Largest Gross Value of Farm Produc tion in This Country Reached Last Year. WASHINGTON', t. C, Feb. 8. By far the largest pross value of farm production in th is country was reached in 1 916, accord Ins to estimates made by the United States Department of Agriculture. The total of crops and animal products was $13,449, 0O0.000, an Increase of J2.674.0O0.00O over the total of 1915. which was itself a high water mark. The mere Increase is greater than the census gross value of farm pro duction in 1889, and Is nearly as large as the census crop value In 1S99. The increase of 1016 over 1914 was $3,554,000,000. The gross value of farm production Lb the total of crops and animal products, and takes no account of the use of a product as a ma terial for other production ; nor are any costs . of production subtracted. Conse quently, the value of gross production should be -regarded as an index number, and not as so many net dollars put into the farm er's pocket. The value of the net product of wealth on farms has never been determined, and can not now bo ssUmated. Ths Items for the El Sin Butter Market. EIX5IX. I1L, Feb. 3. Butter, 63 tubs sold at 30c Cotton Market, www YORK. Feb. 8. Cotton Spot, Steady. Mid-uplands, 14.60c Sales, 278 bales. New York Sugar Market. NEW YORK, Feb. 3. Raw sugar steady and unchanged. Granulated, 6.75o. Road Delegates Go to Pasco. CLARK STON, "Wash., Feb. 3. (Spe cial.) Mayor J. E. Hoobler and rep resentative business men of Lrewlston and Clarkston left last night to at tend the joint meeting of the Inter state Highway Association and the Yellowstone . Trail Highway Associa tion, which is being held at Pasco, Wash. The two associations will work for the completion of the Evergreen Highway, which begins on the Pacific Coast at Aberdeen and extends east ward through Chehalis. Kalama, Van couver. "White Salmon, Pasco, Walla Walla, Dayton, Clarkston, Lewiston, Missoula and thence eastward. Exports Mar Be Decreased for Time, bat Home Demand Likely , to Be Larger. NEW YORK, Feb. 8. All other develop ments of the week were eclipsed by the crisis Tvhlch culminated today with tha ureaK witn wnnany. " Prices, more or less erratic of recent days. were inclined to waver on receipt of the news, but rebounded with such strength as to convey the impression that support naa come irom me xoremost financial in terests. It is generally assumed that the bankers of the country have prepared, mo - far- as possible, for any emergency. The European war has strengthened the resources of the United States to an extent never before deemed possible. As a result of the break It was believed that exports mast necessarily experience serious curtailment lor a time, but anv such loss would be -likely to be neutralized by increased home demand. There was only a slight reflection today of the new situation upon the market for foreign exchange. Rates on Germany actu ally hardened sllgntly with a moderate eas trig- of remittances to JParls. while sterling: held nrm. International bonds were more directly af fecled. virtually every issue underwritten by American bankers for account of sny of the entente allies registering lowest Quotations since tneir notation. Investment markets will be guided largely by the course to- be taicen oy the Govern ment at Washington. New bond Issues to meet contingencies are expected to find ready absorption by banking Institutions and Individual investors. Other developments of the week, ssps- GIRL HELD AS SHOPLIFTER Annie Anderson Is Accnsetl of At tempt to Rob Store. For the alleged attempted theft of a quantity of silks and laces rrom tne Meier & Frank store yesterday. Annie Anderson. 20 years old. was arrested bv Detectives Price and Mallett. The young woman is saia ia nave stuffed a Quantity, of valuable goods into her muff. Sfie says that she re cently rame from North Dakota, where she was employed as a aomestic, ana that she has no friends in tnis city. OVEKbiiCK & COOKE CO. Br. k era. Storks. Bonds, fttlsi Cram. Kta. t1-tl7 BOARD Of TRADI BLrMV sLC-HUJCsU CHICAGO bUaKB US IKaDa Crrepnn4.nts r 1st,, a Brrma. Cblcaco aad New Yrk. MEMBERS Jfrw Tor- fclock Kirhu,. Ctllraro MtoK Ktr-hftSf, BfltlB KttM-K KtctlSBS. C blrsso Hoard of Tra.1., New lork lottoo fcxrnaaam New Orlean. Colton Ks-h.w. Krw sorb Coffe. Etrhuit. lark Prodi'. fc:fcvliajM t-icrpfw! Cotton Ass'B. Safety Plus Big Profits For Your Dollars This la the name of a new book just published that will be sent free to any one having; fifty or more dollars to Invest In a safe money. making busi ness, already established and sure to psy big- profits. Endorsed by eminent bankers. Justice of the Supreme Court men ot the highest standing and un impeachable reputation. This valuable book sent free If you mention this publication. Address A. 1 SlITOS, Drexel Building;, l'Ulladelptila, l's. TRAVELERS' CCIPE. RTITJMDA! ArFCi r l sir ii r-tj'i. PORTI.AM) TO SAN FRANCISCO S. .s NORTHERN PAtlUC. "pre" train time. Sails Kl. 3. 8. 13 Z0 24. Ca.. Str Express leaves 0::10 A. M. Fares 8. $12 50. ir. JUT. no. . 8 8 GREAT NORTHERN. San Fran cisco' and Los AnBeles to Honolulu. Feb 12- March 5. 23: April 11. 30. J130 round trip. Honolulu Carnival Feb. 19-24- v North Bank, 6th and Stark Station, 10th and llort IlTJf, sSd and Mor.. N. P. Ry. OFUCfcS 1 M8 WB1.t,.. ft. x. Ry. t 100 3d. BurUngtoa Ry. Mill Site Bought In Klamath. KLAMATH FALLS, Or., Feb. 3. (Special.) The Chelsea Lumber & Box Company has announced the purchase i of a mill site adjoining; the old fair-1 srrounds about three miles south of i Klamath Falls on Lake Ewauna. The company will begin ine erection or its plant soon and will begin its cut ting season about June 1, having a capacity of about 60,000 feet a day at first, and employing about 50 men. The tract purchased is close to tne faoutn ern Pacific lines. Bolivian tin mines that have been worked more than SOO years have reached the depth of 2300 feet with the richness of the ore Increasing as the workinars descend. I DON'T BUY MOTOR STOCKS1 until you read our Market Letter. "We are specialists in the better class of automobile truck and tractor company stocks. We can give you full informa tion and will be glad to write you re garding any stock that you own or wish io buy or sell. Our weekly Market Let ter contains Information regarding a great 'many companies, and it will pay you to read this Market Letter every week. If you have idle money for In vestment, or If you are In the habit of Investing $10 or more monthly, read our Market Letter before buying. Mention this paper and send your 'name and ad dress immediately, and we will mail our Market Letter free every week for ten weeks. Write to-day. WM, !.. WILSON A COMPANY ' Department C. 841-347 Fifth Avenue New York City ALASKA prince Kupert, Ketchikan. Wrangle. Petersburg. Juuesn, 1'readwell, Oougiaa. Thane, iiaines, bkafway. Cordowa V ai des and Seward. CALIFORNIA Via Seattle or San Francisco to Los Angeles and San Llego Largest ships, unequaied service, low rates, including meals and berth. Kor particulars apply or telephone PACIFIC STEAMSHIP COMPANY. Ticket Office. 29 Washington Ht. Pae. Main 9 Home A 22Us. COOS BAY EUREKA, SAX FRANCISCO S. S. KILBURN P. M. Thursday. Kebrnary 8. North Pacific S. S. Dock, Near Broadway Bridare. PhosM Broadway S'JU, A 5422 0. S. Mail S. Ss. SIERRA, SONOMA, VENTURA HONOLULU I? WEST RATES OF PASSAGE Apply to OCE NIC S S CO.. 73 aUrkrt StTs 7fZZi W"ry21dy-Feb.eO.Mar.ls.Apr.3 AUSTRALIA Honoluln, Suva. Now ZomlaqdL. I Kegular - sailings oy the Canitan-Auiratsv- I sian Koral Mail Line. ror further particn- Ilars api.r v una titan 1 acllic luird street, l'ortiand