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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View This Issue
TT STJXDAY OREGOXTAN, PORTLAND, 11, 1917.
EAST TIES WHEAT
New Business Also Worked
MILLS ARE IN MARKET
Montana Buyers Are Seeking Grain
in This Territory Bids at Local
Exchange Again Advanced.
Barley and Oats Are TXp.
Vhe wheat market ai stronger yester- ;
day than any day la the past week. Blue
stem bids at the Merchant' Exchange were
advanced 8 to 5 cents. Club was up 2
cents, and offers for other other wheat were
1 t 8 cents higher than Friday.
The demand from the East was at sub- !
stantlally better prices, and It Is known that
some business wl put through. There was
also California Inquiry, which Is usually
the case when the Eastern markets look
up. and the sales for Southern account were
announced. Several Coast mills were In the
market for wheat. An unusual occurrence
was the appearance of Montana buyers,
which would Indicate that that state has
shipped Itself short.
Advices received from Interior -millers
were that there was a renewal of inquiry
from the East for flour, and In some quar
ters It was said the demand was strong: -
Sell In g by country holders of wheat did
not amount to much, both farmers and in
terior dealers being: Influenced to hold by
the Improvement that has lately developed
In the East.
Oats bids were raised 50 cents at the
Exchange. There is apparently no outside
demand for oats, but the market is sym
pathetically stronger with wheat. Barley
was firmer and board offers were raised SO
to 75 cents. Eastern wires noted a 3-cent
advance in barley.
The Liverpool grain cable said:
Wheat dull but firm. Arrivals limited,
but consumption reduced. Corn strong: with
moderate arrivals and good demand. Ar
gentine offers light. American shipments
small. Oats dull and firm. Flour firm.
"European weather mostly cold with rains,
scarcity of snow covering-.
Argentine Weather continues dry and
hot. Com reports continue unfavorable.
Light .shipments not entirely due to crop
reduction, as tonnage scarcity largely pre
Terminal receipts. In cars, were reported
by the Merchant's Exchange as follows:
Wheat. Barley. Flour. Oats. Hay.
Tortland Sat. . 17
Year ago .... 3
Total this week 03
Year ago.... Hi!
Season to date."S4:i
Year ago . . .
Tacoma Fri. . . 11
Year ago.... 21
Season to date. 401 5
Year ago . . . .579
Feattle Fri.. . . 19
Season to date. 3972
Year ago . . . .4157
BtTTEK 19 STEADY AT THE CLOSE
Other Produce Lines Active With Outside
The butter market was rather steadier
yesterday than earlier in the week. The
local demand for cubes was only fair, but
outside orders were sufficient to take care
of receipts. With the East and San Fran
risco still firm, city creameries see no rea
son to lower their print prices, although
consumption has been restricted here. The
Ban Francisco trade is still engaged In fill
ing the 1.000,000-pound order received some
time ago, and until it is out of the way
prices there are almost certain to continue
Egg receipts were liberal, but were well
taken care of by out-of-town orders, and the
market held steady and unchanged.
The shipping demand was also responsible
for the close clean-up of poultry receipts at
strong prices. All kinds of dressed meats
CITBCS FRUITS ARE 0 TOTS UP-GRADE
Cold 'Weather In California and Florida
Make for HlEer Price.
Citrus fruits are on the rap-grade. The
California orange market advanced duiinff
the past week and local prices will be ad
justed accordingly. Lemons have heen
steadily rising in the South and prices here
will be 5 cents higher In the coming week.
Florida grapefruit has advanced 25 cents,
though at some shipping points the market
Ss as much as $1 a box higher.
All small vegetables hold at high quota'
tlons, owing to scarcity in California.
Shipments of sweet potatoes are again
arriving and are quoted at 4V4 cents In
2 4 8 13
. .. . 5 .... 2
6 17 r.4 45
7 3ft 10 74
155 104 1740 1620
1337 liaS 832 1013
110 .... 243 14118
4S5 256 1678
12 1 19
378 1100 1043 2Sf,S
1V221S42 754 S172
rOBTLA.ND MARKET QUOTATIONS
Grain, Floor, Feed. Etc.
Merchants Exchange, noon session.
February delivery: Bid.
Wheat Bid. Tr. asro.
Bluestcm $ 1.05 $ 1.07
Fortyfold 1.62 -7
Club 1.50 -4
Red fife .... .95
Red Russian 1.4a .95
No. 1 white feed 36.00 26.75
No. 1 feed 89.25 29.00
Futures . Bid.
March bluestem ................. $ 1.57
March fortyfold 1.53
March club .1.01
March Russian 1.49
March oats 36.50
March barlev 31.5tJ
KLOUK Patents. 8.20: straicllts. S7.40S
7.60; Valley, f7.70; whole wheat. 8.40; gru-
MILLFEED Snot prices: Bran. l2.ao
per .on: shorts, f 30.50 per ton; rolled bar
coRM-r-whole. $47 per ton: cracKea.
HAY PrortMwirrf nrtc Timothy. East
ern Oregon, 1920 per ton: alfalfa, $140
o; valley grain bay. X12.50W1.
Dairy and CoantrM Produce.
BUTTER Cubes. extras. 38c: prime
firsts. 37c. firsts. 3fte Jobbing- prices:
Prints, extras, 41 43c; cartons, lc extra;
butterfat. No. 1, 43c; No. 2. 41c. Portiand.
CHEESE Jobbers huvlnfT prices. I. o. D.
dock, Portland; Tillamook triplets, 26c;
loung Americas not quoted.
Oregon ranch, current reripia,
3063304 cents per doxen; Oregon ranch.
naiea. sigx32c per doxen: Oregon ran.n,
selects, 34c per dozen.
ruuliTKY Hers. 17H019C per pouna;
Springs, 17H10c; turkeys, live. 20 -'2c;
dressed, 20&J-8c; ducks, 18'22c; geese.
VEAL Fancy. 14H15o per pound.
PORK Fancy, 15c per pound.
Fruits and Veretabiea.
"Local 5obblng cuotattons:
TROPICAL, FRUITS Oranges, navels.
$2.25 2.30; lemons. $2.50 3.75 per box;
bananas, 5c per pound; grapefruit, $4.25 &
5.25; tangerines. $22.75 per box.
veuetabl.es Artichokes. S1V1.ZO per
dozen: tomatoes. $6&'7.50 per crate; cabbnire,
$5 per hundred; eggplant. 25c per pound:
lettuce, $3.25; cucumbers, $1.601.75 per
dozen; celery, $5.50 per crate: cauliflower.
402.60 per crate: peppers. 30 per pound;
sack vegetables, $1.25 2 per sack; sprouts.
lUiic per pound; rhubarb, Uall6c per
POTATOES Oregon buying prices: $2.70
3 per hundred.
ONIONS Ore eon buying prices. 7.50 per
sack, country points.
liKJSISIl KKU1TS ADDles. TSc ( 1. 7 a per
oox; cranberries, $10jll per barrel.
Local lobbing quotations:
bUGAR Fruit and berry. $7.35: Honolulu
Plantation, $7.30; Grants Pass beet, $7.15;
California beet. $7.15: extra c. $6.90: pow
aered, -In barrels. $7.85: cubes. In barrels.
SALMON Columbia River. 1-nound tails.
$2.40 per dozen: one-half flats. $1.50: 1-
pound flats, $2.50; Alaska pinks, 1-pound
HONEY Choice. 3S3.25 per case.
NUTS Walnuts, sack lots. 18c: Brazil
nu's. lUc; filberts. 19c: almonds. 18-luc;
peanuts, 7c; cocoanuts. $l.lu per aozen; pe
cans. 18inlc; chestnuts, lOc.
BEANtS Small white. 11 'a c: large white,
11.10c: Lime, imc: bayous. 8.20: pink. SWc;
rea Mexicans. c; Mancnurian, tc.
COFFEE Roasted, in drums. 1.4 M3c.
HALT Granulated. S10.75 per ton; half
ground loos, $h.ho per ton; 60s, $12.10 per
ton; dairy, $14.7 per ton.
RICE Southern head, 77o per pouna;
broken, 4c; Japan style, 44c.
JJK1EU FRUITS Apples, n'wiic apri
cots, 16lc; peaches, 84 10c; prunes.
Italian, 8Co9c; raisins, 8i3ttc; antes.
Persian. 15o per pound; fard. $2.50 per box;
currants, 15 (100: figs. .2 (4.3.00 per box.
Hops, Wool, tildes. Etc.
HOPS 1916 crop. S9c per pound. 1817
contracts. 10011c per pound.
HIDES salted hides (25 lbs. ana up).
18c; salted stags (50 lbs. and up), 14c;
greon and salted kip (15 lbs. to 25' lbs.),
18c: gree: and salted calf skins (up to 15
lbs.). 27'(j2c; green tildes tza 10s. ana upi,
16c green stags (50 lbs. and up), 12c; dry
hides. 30c: salt hides, 25c: dry borse hides.
$lj2; salt horse hides, $3jjp5.
PELTS Dry long-wocled pelts. 24c; dry
short-wooled pelts. 17c: dry shearlings. 10
25c each; salted, long-wooled pelts, $l$l.Gu;
salted short-wooled pelts, 5uc$l.
TALLOW No. 1, 8cper pouna.
WOOL. Eastern Oregon, fine, 28 0 33c;
coarse. 33g3uc; valley, jjwic
CA8CARA BARK Old and new, eviOTc
HAMS All sizes, choice. 25c; standard,
24c; skinned. 2122c; picnics, 16Vac; cot
tage rolls. 19c.
LARD Tierce basis: Kettle rendered,
19c; standard pure, 18Hc: compound. 16c.
BACON Fancy, 31 33c; standard, 27
28c; choice, 22 26c.
DRY SALT Short, clear backs. 19 21c;
export, 20Vai822c; plate. 1617'Ac
KEROSENE WateT white, drums, barrels
or tank wagons. 10c; cases, istffzo.
rfisni.iNE Bulk. 2H4c: cases. 80c
naphtha, drums, 19V4c: cases, 30c; engine
distillate, drums. lOMsc; cases. 19c.
LINSEED OIL Raw. barrels, $1.08; cases.
$1.15; boiled, barrels, l.iu; cases, i.ii,
TURPENTINE In tanks, 67c; In cases,
74c; 10-case lots, lc less.
WHEAT RISE RAPID
Talk of Convoy Arrangements
CHICAGO MARKET STRONG
Britain Reported to Have Comman
deered South American Ijiners
In Order to Speed TTp the
Movement of Foodstuffs.
ruiCAOO. Feb. 10. Wheat prices ran up
swiftly today. Influenced to a large extent
by the reports that the British government
had commanaeerea numerous ooum ahiw
Icar. line steamships and would undertake to
convoy from United States porta to Europe
as many cargoes of foodstuffs as might bo
required. After an extreme advance ol 6
a bushel, the market closed strong at gains
of 2 to 5Hc net, with May at $1.744 (o
1.74 and July at (l.i.iw. ,ine-
commodltles, too, finished higher: ccrn up
tolUc oats l!(ltc to lWi:c ano
provisions 7Uo to 25c.
Broadening out of wheat traae was espe
cially notable In the last hour, when the
prospects of a revival or expoit Dusiness
looked better than had been the case any
time biffnre lr. over a week. On the other
hand, some holders were uneasy In regard
to the uncertainties of developments during
a double holiday, and were Inclined to mane
rcalirlng sales, but such transactions failed
to become plentiful enough to alter vitally
the prevailing bullish sentiment.
Llghtnrt ot offerings had a ouiusn eneci
Strength of oats was due to a considerable
degree to reports that the Southern Winter
oat crop had been badly damaged by severe
Provisions climbed with hogs and grain.
The chances of better shipping facilities,
both by rail and sea, gave renewed confi
dence to buyers.
Leading futures ranged as follows:
12 points. Sales. 19.500 bags. February.
8.14c; March. 8.19c: April. 8.22c: May. 2.24c;
June, 8.28c: July. 8.32c; August, 8.85c: Sep
tember. 8.87c: October, 8.41c; November,
8.45c: December. 8.49c; January. 8.53c.
Spot, quiet; Rio 7s. 10c; Santos 4s. 10 He.
No fresh offers were reported In te cost
and freight market.
The official cables reported a decline ot
75 reis In the market at Rio and of 200
rels In Santos spots, comparing with m the
quotation received for February 8. Santos
futures were 125 to 150 reis higher. Santos
cleared 14.000 bags for New York.
WOOL STOCKS G0I1E
DECREASE IN STEEL, TONNAGE.
First Statement la Months That Has Not
NEW YORK. Feb. 15. The unfilled or
ders of the United States Steel Corporation
on January 31 last, were 11.474.054 tons, a
decrease ot 73.232 tons compared with De
The January statement Is the first in sev
eral months that has not shown an In-
crease. The December statement of 11,547,
280 was the high record for unfilled orders.
Chicago Dairy Produce.
CHICAGO. Feb. 10. Butter, unchanged.
Ega Higher. Receipts 2629 cases; firsts,
44 W-iO .: ordinary firsts. 4243; at mark,
cases included 40344'.4. ,
BEEF STEERS ADVANCE
PRICES ON ALL GOOD GRADES ARB
State Enters New Season
Bare of Old Clip.
MARKET IS VERY STRONG
Demand for Hogs la Strona; and Pack
era Not Inclined to Cut Llgrbta
. 1.47 H 1.50?,
. 1.01 T,
. .99 Ti
1.47 H 1.49
LOT, 1.02 4
.99 it 1.00
.55 . .B6V4
.54 .55 hi
THREE WEEKS' 8CPPLT OP ONIONS
Only 31 Cars Left In All Hands In This
Only 31 cars of onions are left unsold in
Cregon, 10 cars having been shipped out In
the past week. Except for a car or two that
. may be held over, the stock will doubtless
be exhausted by the end of the month.
The market yesterday was unchanged at
$i.50 to grower, but prices are very firm,
and anothei advance can' be expected.
A small shipment of 3500 crates of Aus
trullc.n or.lcns Is due at Vancouver, B. C, on
March 10, and a part of this shipment will
be distributed here. They will hardly be
chearer tliau domestic onions. No large
quantity o! Australians will reach this Coast
beforo April 30.
'.hero were no new developments In the
potato maiket. except that a few buyers
were quoting cut prices of $2.75 3 for fancy
Hop Imports Into England.
Imports of hops into Great Britain for
the month of December last from the
United States were nil, from other coun
tries 3687 cwts., for the months of Septem
ber to December last, both inclusive, from
the United States 1032 cwts.. from other
countries 7588. total 8620 cwts., as against
63.085 cwts. for the corresponding period
one year ago and 41,323 cwts. two years
ago. Exports for the months of September
to December last, both inclusive, were B276
cwts., aa against S603 cwts. for the cor
responding period one year ago. and 6329
cwts. two years ago.
Haras and Bacon Higher.
With the hog market gone to a record
height, provision prices are necessarily ad
vancing. A new local list, effective tomor
row morning, quotes prices 1 cent higher on
all sixes and grades of hams and bacon.
Dry salt-cured meats are also raised 1 cent
and there are numerous advances in sausages
and other lines. Lrfrd prices are unchanged
Tea Market Is Advancing.
Wholesale grocers yesterday announced an
advance of 8 cents a pound on Lipton's tea.
applying on all grades and sizes. The tea
market is strengthening and a general ad
vance is looked for.
GERMAN STOCKHOLDERS LET GO
Market Affected During Week by Sale of
NEW YORK. Feb. 10. After its first out
burst of bullish activity on news of the
rupture with Germany, the stock market
settled down to a calm retrospect ot the
situation, prices meanwhile undergoing
One factor that served to bring about a
shrinkage of values was the steady selling
to. moderate volume of prime securities,
bonds as well as stocks, of the international
list. Offerings of these issues, notably Ca
nadian Pacific, were at lowest quotations
for a year or more. This condition was
accentuated by continuous liquidation of
war loans floated here by the entente allies,
nil of which established new low records.
There were persistent reports that sales
of International shares were for account of
Teutonic interests. This view was made
somewhat plausible by extensive offerings
and weakness of Canadian Pacific, one of
the few prominent American stocks traded
In on the Berlin Bourse. A sudden rise in
German exchange also strengthened the im
pression that remittances were being made
to Berlin against sales In this market.
Snasmodtc movements in war shares and
kindred specialties were suggestive of an
other "boom" arising from domestic neces
sities. Advances In stocks of this general
character were not well maintained, and
efforts to promote a campaign based largely
on speculative reasoning were not encour
aged by those wno supply me lunus r
quired for sucn purposes.
Monetary accommodations evinced
atlffer trend in all quarters, although call
money relaxed from its high quotation ot
t last week.
Exporters find themselves in a serious
predicament by reason of the virtual em
bargo on easLoouna rreignt, wnicn
greatly impaired shipping facilities.
Copper Market Improves.
NEW YORK. Feb. 10. While still unset
fieri, the cooner market has shown an lm
proved tone auring me pasi weea. a lew
scA-tterlna: lots of electrolytic are said to be
available for nearby or second quarter de
livery at prices ranging irom aoout 33 to
35 but the quotations are praciicauy nom
inal More business has developed for thi
tiirri aurter with bias ranging up to aic.
while some of the larger agencies were
quoting 32c today. ?
iron wa un.
.. .US .56S
.. .54 .55
..16.62 16.77 16 60
..16.77 16.92 16.75
..15.75 15 85 15. 7S
..15.95 15.95 15.87
Cash nrloes were :
Wheat No. 2 and 3 red and Nos. 2 and S
Corn No. 2 vellow, $1.08: No. 8 yellow,
$1.03; No. 4 yellow, 9a 4c $1.00& ; No. 4
Oats no. s white, D7fS7He: standard,
Barley 41'rti no; timothy, nominal.
Primary receipts Wheat. 801,000 versus
holiday; corn, 048,000 bushels: oats, 490.000.
Shipments Wheat. 901.000 bushels: corn.
439.000 bushels: oats. 4.17.000 bushels.
Clearances Wheat. 378.000 bushel;: corn.
50,000 bushels: flour. 14.000 barrels.
DEPRESSION IN WHEAT PIT BRIEF
Market Soon Recovers Prom Effect of Rup
ture With Germany.
CHICAGO. Feb. 10. Despite activities of
German U-boats, wheat prices during the
last week have held a material portion of
gains that resulted largely from excited buy
ing on the part of speculators who had
vereetlmated the depressing effect of a
severance of American relations with Ger
many. The net advance for the week were
ctnl'ici bushel. Other leading staDles.
too. scored substantial upturns corn. 3Sc
to 4c: oats, lc to 2 He, and provisions
40c to $1.60.
Greatest changes that wheat values have
shown since the beginning of the war fol
lowed Immediately the announcement of the
diplomatic break between Washington and
Berlin. The first market effect was a down
plunge of 6 cents in prices here, but the
rush to sell was over In 10 minutes and then
the market rebounded 14 cents, with shorts
attempting to cover on a huge scale. A
notable decrease of the United States' visible
upply total had a decided strengthening in
fluence on Monday and so, likewise, had
assertions that, regardless of Germany's
changes of sea methods, the loading and
hlpment or breadstufTs purchased for the
entente allies would, at present. In any
event, not be interrupted by the owners,
but on the contrary, would be rushed.
Unfounded rumors that Germany had de
clared war on the United States denrersed
the wheat market' on Tuesday and there
was a further setback Wednesday, owing
chiefly to the wholesale destruction wrought
by submarines. Increased apprehension as
o stoppage of exports was noted on Tups
day. but optimism on the part of bulls was
In a measure restored yesterday, on account
of improved conditions for railway traffic
and because of large clearances at the sea
board, together with opinions In some quar
ters that convoys and fully armed vessels
would yet overmatch the U-boats.
Corn and oats, like wheat, displayed tern
porary acute weakness In response to the
news of the diplomatic rupture with- Ger
many. One of the causes ot subsequent
strength was a report that as a war meas
ure the United States Government had let
large contracts for alcohol, and that fulfill
ment of the contracts would Involve an in
creased use of corn.
New high record quotations on hogs were
mainly responsible for the advances in pro
Bank Clearings. ,
Bank clearings of the Northwestern cities
yesterday were as follows:
Portland .$2.156,41 8 $808,808
Seattle 2,757.745 362,292
Tacoma 278.130 49.124
Spokane 754.930 96.683
Clearings of Portland, Seattle and Tacoma
for the past week and corresponding week
in former years were:
Portland. Seattle. Tacoma
1017 $12,6r.8,406 $126.96.36.1996 $2.320.p."i
1U18 9.224.435 9.82.r,3 1.514.B97
1015 9.8S5.164 1U.62S.537 1.719,242
1014 10,74.700 IO.WS.e43 2, 047. 821
11113 11,406,0-14 111.811.631 2,5X6.022
1!12 ll.oS4.549 9.872.744 4.102.035
1911 -- .nJS.647 10.34S.SS3 3,021,225
1010 9,952.219 12.775. 7r,3 5.840.672
1909 6,306.440 9.438.888 4.452.408
190S 4.6S9.792 6,059,812 3.2V5.424
1907 6,847,724 7.140.528 S. 819.982
SAVANNAH. Ga.. Feb. 10. Turpentine,
firm. 49c. Sales, 13. Receipts, 40; snip
ments, 229: stock, la.iua.
Rosin, nrm. esaies, oo:: receipts,
.i,inmnii H43: stock. 78.641. Quote A B
D E F G. $6.05; H I K M N. $6.40; WG,
$9.60; WW, 6.su.
Dried Frnit at New York.
NEW YORK. Feb. 10. Evaporated
' Dulntb Linseed Market.
DULTJTH. Feb. 10. Linseed on track
$2.81 : choice. $2.83i : arrive. $2.814: May,
$2.844; July, aangn.
Hops, Etc., at New York.
NEW YORK. Feb. 10. Hops, easy.
Elgin Butter Market.
ELGIN, III., Feb. 10. Butter. 25 tubs a
The weelc camo to a quiet close at the
stockvards with all line strong. Receipts
yesterday were 54 cattle, 1 calf and 171
hogs. Shippers were: C. E. Lucke, Canby.
1 car cattle, calves, hogs; J. E. Smith, Don
ald. 1 car cattle, hogs; J. W. Davis. Rich
field, 49 cattle by boat; East Hood River
Fruit Company, Mosler, 4 hogs.
The day s sales were as follows:
Wt. Price. 1 . WL Price.
1 steer 840 $7,25 3 heifers -.810$ 6-';
1 steer 6UO 7.25:1 bull 1180 5.U0
1 heifer ... 740 0.754 lambs ... 7 10.50
Reviewing conditions at the yards, the
Uventonk Reoorter Says:
'Receipts on cattle since Monday have
been light and were made up principally of
ordinary valley cows which found a con
siderably better market than last week.
There is a very good demand for all good
to prime beef at prices from 15 to 25 cents
hlRher than at last week's close. The whole
cattle situation can be termed as strong at
the extreme figures.
"Tuesday's beef steer offerings consisted
of but two head, from the Valley, that
brought $7.25. Monday's large supply was
entirely cleaned up. A few good corn-fed
yearlings brought $8.60 yesterday with a
email lot- at $8.25 which made up the day's
'The bulk of steers sold yesterday at
$8.25ru 8.60. a week ago at $6.507, a month
ago at $8.35'(S.50, a year ago at $7.23 4 7.75,
two years ago at $6.75(6)7.50, three years
ago at $7.257.70, four year ago at $5.50
"The record prices established here at the
opening of the week's trading at $11.75 did
ot last very long. The extremi-iy ngnt re
ceipts In the hog bouse are about a near
famine and buyers are scrambling over tne
few available supplies each day. The hog
market now is practically on a $12 basis, the
ighest on record, with an exceptionally
large demand from all Northwest tuitchers
nd packers. Packers are not inclined to
ut the ligbt and rough hogs as liberally as
late. Sellers are having an easy time
it and getting their price advances at
'The bulk of hogs sold yesterday at
II. 6011. 75: a week ago at $11.25; a month
go at $10.35'cf 10.50; a year ago at $7.45
00; two years ago at $7.23a 7-3; three
years at-o-at $3.35 u 8.50; four years ago at
"An aviating sheep market was In evi-
ence again thie morning when lambs scored
nother 25-eent advance, going to $12. 50.
The receipts on the open market were light.
itnougn a very liberal sized string of 2000
head was weighed "off cars" to a Seattle
acker. Prime wool lambs are being
uoted as high as $13. Good yearlings are
bringing $10.50 with wethers selling as high
as $10.50. Good light mutton ewes ar
uoted $9.25 to $9.50 with heavy ones from
$8.75 to $9.25. The whole situation In both
he lamb and sheep divisions is extremely
The bulk of lambs sold a week srr at
$12.25. a month ago at $1111.25. a year
go at $7.2o. two years ago at $8.10; three
ears ago at $6.60&6.75, four years ago
Prices current at the local yards were aa
teers, prime $ 8 50f() 9 20
teers. fair to good tdiia'a Ann
Steers, medium 6.50 an 75
Cowe. choice 7.3s g 775
Cows, medium to good flriO'-.r) 7 00
Cows, ordinary to fair 5 75'. 6 25
"t iters fi.00 fr 8.00
Bulls .............. ...... .. R 7 it nn
calves a.ooia !oo
Light and heavy packing 11.25(iri2 00
Rough heavies 9 85 41. 10.00
Piss and skips 9 35 'd 10.00
Stock hogs 8.50(3 9 00
Yearling wethers 8 7.1 si 1 0 50
Old wethers 10.00M, 10.50
fc-wes RTr.rrf ft so
A supplementary shift key for type
writers has been Invepted to permit
lower case letters to be written sligrht
ly above the line to serve several purposes.
Minneapolis Grain Market.
MINNEAPOLIS. Feb. 10. Barlev. B6
J.. 1 -1.
Wheat. May. $1.774 to $1.77: Julv.
t..37. casn. wo. 1 nard, $1.R3Ti 1.87)4
No. 1 Northern. $1.7Sr, 1.81) ; No.
Northern. $1.75 9 1.81 .
Corn, No. 8 yellow, $1.051.05r!i.
Oats, No. S white. 54055.
Flax, $2.81 Iff 2.87.
Eastern Wheat Futures.
DTJLUTH. Feb. 10. Wheat closed: Mar.
$io; juiy, 1. lets.
WINNIPEG, Feb. 10. Wheat closed: May.
J-'; juiy, x.xi; uctooer, $1.41.
KANSAS CITY, Feb. 10. Wheat closed
May. $L73H; July. $1.46Vi; September,
ST. LOUIS. Feb.' 10. Wheat closed: Hit
si.yo;-juiy, -..'). eeptexnoer, Sl.3a4.
Kansas City Cash Grain.
KANSAS CITY. Feb. 10. Cash wheat, 1
to 2c higher. corn, uncnanged to Vt
Grain at San Francisco.
SAW FRANCISrO. Feb. 10. SDOt flnnl.
tlons: Walla, $2".72 2.75; red Russian,
$2.72V4 2.77Vi ; Turkey red, $2. 90-53; blue
Barley, feed, $2.22 A 2.23.
Oats, white. $1.97 2.
Mill teed: Bran. $2829: middlings. $38
40:: shorts. $30331.
Callboard: Barley. May, $2.22 M bid. $2.80
asked; December, $1.63 bid, 1.64 "ri asked.
Sales, 300 tons February.
Pnget Sound Grain Markets.
SEATTLE. Feb. 10. Wheat Bluestem,
$1.55: turkey red. l.0o: lortyrold. 11.52
club. $1.62; fife. $1.02; red Russian, $L50.
Barley, ssu.ou per ton.
Yesterday's car receipts Wheat, 19; oats,
1; hay. 18; flour, i.
TACOMA. Feb. 10. Wheat Bluestem,
$1.54; fortyfold, club and red fife. $1.49
reo Russian. 11.44.
Car receipts Wheat. 11; corn. 1; hay, 12.
COFFEE IMPORTS MAT BE REDUCED
Market for Futures Close With New Gains
at New York.
NEW YORK. Feb. 10. Rumors that
Great Britain waa planning to transfer ton
nai-a from South America to the trade be
tween North Atlantic and British ports led
to Increased apprehension over the Import
situation in the market for coffee futures
here this morning. The opening was 8 to 8
nnlnti higher. This advance encountered
some further liquidation, but offerings were
comparatively light and May contracts sold
ud from 8.21c to .zoc on covering and
little buying which seemed to come from
outside sources. The close was at the best
with prices snowmg a net advance of 9 to
One Hundred Thousand Fleeces
Contracted For In Lake County
Since First of Tear; No Trade
Passing East of Mountains.
Oregon will start the new wool season
with no old wool on hand. Except for a
few small lots, both the local warehouses
are now cleaned op of 1916 wool
It was thought that with the newest
war developmenta buyers would make
stronger effort to contract for wool on the
sheep's back, but such has not been the
case In this state, and elsewhere in the
West the contracting movement is also slow
Growers' ideas in Oregji are regarded as
too high to make It worth whils for buyers
to try to operate. The few offers that are
being made, however, are on a strong basis.
ranging from 33 to 36 cents for medium
grades and 25 to SO cents for fine.
The only section In Oregon where grow
ers have shown a dtspostton to contract
freely is Lake County. Since the first of
the year 10O.OOO fleeces have been bought
on contract in that county and buying was
still in progress in the past week. Very
few deals have been signed up in Eastern
Oregon or Western Idaho.
The effect ot the break with Germany
on the general market, as wire reports
show, has been to strengthen values of
coarse wools. Advices Just received by
mail from Boston say:
In contradistinction to the effect upon the
stock market and products of export, the
German action in regard to submarine war
fare has afforded a stimulus for the wool
trade. The general expectation is that prices
for everything held here in the way of wool
supplies will be advanced decidedly. The
great dependence of the market at present
upon the receipts of wools from abroad la
the element which gives such a bullish
character to the latest developments, as it
now becomes uncertain what the trade may
expect in getting further supplies from 6outh
America or Cape Colony. Insufficient tlmo
has elapsed to gauge the measure -of effect
of the German action upon the market here,
but the general belief is that buyers will tie
eager to take what Is available here at
once and a consequent wide advance In quo
tations is considered the logical thing.
Naturally the direction in which the trade
looks for the most change is toward South
American wools. Blnce a great volume of
such clips remains to be shipped here. The
uncertainty as to the shipment of this
wool tends to put a premium upon the
South American clips now available in this
market. Incidentally, It may be considered
a matter for gratification that the Argen
tine government had contemplated an export
tax on all South American wools, else con
siderable of the volume already received
probably would be In Jeopardy like the re
mainder now duo to come. The discrepancy
In the price received lately for some of
the early-brought wools from South America
and the market level at the time of delivery
of such lots here Is augmented by the ten
dency now shown. Without allowing for an
advance on the strength of the German ac-e
tlon. South American wools have brought
up to 62 cents within the week, yet recent
deliveries have been made at prices below
FORECAST FOB. 1917 REVIEW OK 1916
.Write Today for FREE Copy of
Annual Review Number
Weekly Market Letter
WHAT WILL STOCKS
DO IN 1917? ,
It you want a clear,
comprehe nslve and
thorough review of the
stock market outlook
for the year send AT
ONCE for this authori
tative review number
of our Weekly Market
Let ter. It contains a
brief but comprehen
sive analysis of indus
trial and general busi
ness growth during:
1916. with a forecast of
c o n d i t i ona for 1917.
Facts, figures and
news of all sorts of se
curities compiled for
easy refer enoe. Spe
cially valuable to Investors.
WHAT IT CONTAINS
In Tj. S.
Stock Market Activi
ties in 191a.
Coppers, Sliver, Lead
Standard Oil Sub
sidiaries. Independent Oil
History and Policy
of the House ot
W. M. Sheridan St Co,
yH?rW.M. Sheridan &Co.
On request we will
mail you a b s o 1 u t ely
FREE every week for
3 months our Weekly
Market Letter, devoted
exclusively to automo
bile securities. We also
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TODAY for ANNCAti
In vestment Securities
117B SECURITY BUILDING
Nor. Pac 4s.
03V4Anglo French Ss. 91
Boston Mining Stocks.
BOSTON, Feb. 10. Closing quotations:
Allouez .81 North Butte .... .'04
Aris Com 134 3ld Dominion ... 59
Cal & Ariz. ... TS Osceola S'J4
Cal A Helca...B45 Quincy - 87
Centennial 20 Shannon 84
Copper Range .. 61 H Superior 14
East Butte .... 18 Sup A Boston... H
Granby 81 Tamarack r4
Franklin 7H Utah Con 17H
Isle 324 .Vinona 4
Lake Copper. .. . 1:1 Wolverine ...... 47
Stocks Undecided at London.
LONDON. Feb. 10. American securities
ere undecided pending the clearing of the
political atmosphere, on the stock exchange
Money. Exchange, Etc.
NEW YORK, Feb. 10. Mercantile paper,
Sterling.- 60-day bills. $4.724: commercial
60-day bills on banks, $4.7s; commercial
60-day bills. 4.72l: demand. $4.75H;
cables, (4.76 7-l. Francs, demand, S.M4;
ables. S.B34. Marks demand. 70: cables.
704. Kronen, demand. 11; cables, 11H
Guilders, demand, 4u 11-16;
Llres, demand, 7.29; cables.
demand. 29H: cables, !&.
Bar silver. 77 He.
Mexican dollars. 60c
Government bonds, irregular;
TONE OF STOCKS UNEVEN
STEEL, WAR SHARES AND HIGH-
GRADE RAILS FIRM.
Omaha Livestock Market.
OMAHA. Feb. In. Horrs Receipt, it nnn
higher. Heavy, 1 l.On y 1 2.20 : light. $il 60
rl2.10; pigs. 'J.7jSlll.50: hulk, til win
Cattle Receipts. 300. steady. Native
$8 00j) ll.."i0; cows and heifers, 7.25i0 2S:
Western steers. PlffrlOfiO: Texas arera" stji
8.&0; etockers and feeders, $8 .to J 0.
Sheep Receipts, 1BO0. steady. Yearlings
11.5ori3; wethers; 8.00'ull; lambs, (13 23
Chicago Livestock Market.
CHICAGO. Feb. 10. Hoira p.tn,.
000. strong, mostly Be above yesterday's
-.o.-B, uum. ,.o'u i.iiu; ngnt. S1180'rfl
12.45; mixed, (12.1S12.50; heavy, 12 05-a
12 56; rough. (12, 05 12 20; pigs, (9.7.11 10.
".nine neceipm. iwm, weak. Native beef
cattle. (7.80 a 12. 25: Western steers. (7.904r
ir ',. .. .... -J ."a.'-'": cows
14 75 o.iaiu.so; calves, (10.25(9
nneeo neceinrs. 4nnn i-. . ,
tin AIIAII UO. i . V. , r. ... . ;
- ' 1 " ii J -i. TM.
Klamath Livestock Shipments.
KLLAMATH FALLS. Or.. Fh in o
' ; "'""" cara t livestock left
Klamath County yesterdav on th. n .
special for California and Portland mni-it.,.
, . rr , 1 . I , , . .
ambs to Long oc Co.. of sn rr
Fred Stukel sent out five carloads of cattle
to Swanson & Co.. of Sacramento. Louis
Gerber shipped through George Offleld of
- ""u v iiu, nogs lor. the Port-
Plowing in Garfield County.
ruanriui. wash.. Feb. in sn--
Farmers In the dry districts of Garfield
County started to plow last Monday. For
the most part the land is a little too wet
for best results, even la the dryest districts.
Asbury Oliver, who farms In the Falling
Springs district, says that on the north
slopes the ground is still frozen.
becan plowing his Meadow
Gulch land northwest of town on Tuesday
Tn ii -;"1-'"-' fc i-cq nis piowi on the
iuuu uAiuiuvii runcn i nursaay.
SAN 'FRANCISCO PRODUCE
SAN FRANCISCO. Feb. 10. Sterling.
(4.704: demand, (4.75; cables, (4.761-1.
Mexican aouars, owe
LONDON. Feb. 10. Bar silver. 87 Hd per
Money. 4i per cent.
Discount rates, short bills. 514 per cent:
three months. 5' per cent.
DECREASE IN TOTAL RESOURCES
Twenty-one Millions Loss Is Given by Fed
eral Reserve Board.
WASHINGTON. Feb. 10. A further de
crease of (21,000.000 In total resources of
Federal reserve banks la disclosed In the
reserve board's weekly statement. It shows
tne combined resources and liabilities ot
the batiks February 9 as follows:
Gold coin and certificates in
Gold settlement fund 212,961,uu0
Gold redemption fund with Unit
ed, states Treasurer l. .i..o-u
Specialties and Utilities Are Heavy to
Weak Day's Turnover la
NEW YORK, Feb. 10. Business on the
Stock Exchange today dwindled to the in
slgniiicant total of 182.000 shares, of which
United states steel and a few other lavo
rites contributed almost 40 per cent. Next
Monday's holiday and the complicated inter
national situation accounted largely for the
The tone was irregular tnrougnout. ieei
and a few war specialties, as well as some
of the high-grade rails, evincing a lair ue
rree of strength, this being more than neu
trallzed. however, by tne heavy to weak tone
of specialties and utilities. (Joppers were
active and a-enerlly higher, presumably in
response to the excellent statements ox
earnings for the final quarter of 1916. sub
mitted bv the Utah and Chioo companies.
The bank statement was the most note
worthy exhibit In many weeks, actual loans
showing the enormous contraction of (79.-
603.000 and net demana oeposits a aecreose
weekiv reports or tne mercantile ru
thomt'es denote a continuance of aotivity,
tempered by hesitation arising irom toreign
Th bond market was irregular, witn total
salrs, par value. (1.770.O00. All United states
and Panama bond Issues were lower py
to 1H per cent on call. .
CLOSING ETOCK QUOTATIONS.
1.000 97 A
Prices Current on Butter, Eggs, Fruits, Veg.
eiauies, nic, at jsay City.
SAN FRANCISCO. Feb. 10. Butter Fresh
extras, 88c; prime firsts, 87c; fresh firsts.
Eggs Fresh extras, sc; punets, ozc.
Cheese New. 19c: Toung Americas, 21e.
Poultry Hens, 20 022c; old roosters, 12
13c; fryers. 24326c; broilers. 3032c;
large. 26(ff28c; squabs. (2.753; pigeons,
(I.fi0?f2; ducks, 104j20c; geese. 19itj21c;
Vegetables Lettuce. Southern, (1.7592:
fancy. (1.752; jeaa. Southern fancy, large,
7fii9c, small, 5 7c; cream squash. (1.50
1.75; tomatoes. Mexican. (33.50: eggplant,
Florida, 23 cents', green peppers, Florida,
"U(n'25c: garlic, 84c: sweet potatoes, cellar
stock, (3.25; celery, $4 S 4.00: rhubarb, (L50
42: marrowfat and Hubbard squash, 2c
Potatoes Rivers, (3.65 3.75.
Fruit Pears, Winter Nellls, $2 501j3:
lemons. (3-f.25: grapefruit, (2.25 2. 0.
oranges, navels. (2.252.50; bananas, (10
1.50; pineapples, (2(i2.50; apples, Newtown
pippins. (1.101.25: Bellefleur, 60 73c.
Feedstuffs Cracked corn and feed corn
meal, (48.50f49.50: rolled barley. (45047;
alfalfa meal, (20 50, carloads; less (21.50.
Receipts Flour. 11,700 quarters; barley,
9150 centals; beans. 4 DO sacks; potatoes,
6325 sacks: may. 429 tons; bides. 1270;
wine, 60,800 gallons. '
New Tork Sngar Market.
NEW YORK. Feb. 10. Raw sugar steady.
Molasses. (4.15; centrifugal, (5.02. Refined,
quiet. Fine granulated, (6.75.
' Cotton Market.
NEW YORK. Feb. 10.; Spot quiet. Mid
Am Beet Sugar..
American Can. ..
Am Car & Fdry..
Am Sni & Ref g. .
Am Sugar Retg.
Am Tel & Tel. . .
Am SS L 4k S
BaldWln Loco. . .
Bait & Ohio
Br Rap Transit..
li Sc S Copper. . ..
Canadian Paclf ..
Ches sc Ohio
Chi Mil sc St P...
Chi & N W
C R I c P Ry....
Chlno Copper. . .
Colo Fu & Iron. .
Corn Prod Refg.,
Cruclbla Steel. ..
Dlst Securities. .
Gt North pfd. . ..
Gt Nor Ore ctfa,.
'lllnols Central. .
Int Cons Corp. . .
Int Harv, J
Int M M pfd ctfs. 11,500
K C southern . .
Kennecott Cop. .
Louis & Nash...
Miami Copper. ..
M K & T pfd....
Mo Pac, bid
National Lead. ..
N Y Central
Nor & Western. .
Northern Pacif ..
Pennsylvania. . .,
Ray Consol Cop.
Rep lr & Steel..
Shat Ariz Cop. ..
Southern Ry. . .. 1.500
U S Ind Alcohol.
U S Steel
Utah Copper. . ..
Wabash pfd B. .
1.800 61 4
Total sales for the day, 182,000 shares.
7 S ref. 2. reg. . 9
do. coupon . . "99
U S 3s. reg. ..too
do. coupon .."100
U S 4s,. reg. ..IOS'4
do. coupon .. ,109
Atch. gen. 4s... 93
Nor. Pac. 8s ... 66
Pac Tel sc To 6S.100H
Penn Con. 414 105 "4
Sou. Pac ref. 4s. 9114
t'n. Pac. 4s ... . 96 14
Un. Pac. cv. 4s.. 02"
V S Steel IO574
NYC deb. es..lOTr,Sou Pac ev. 6s.. 101
ers. has 30 carloads of potatoes to ship
Potatoes are at the highest price in
Mount Angel that they have been for
years.. Mr. Schmaltz is offering (1.75
Brokers, tork, Bonds. Cotton
1 16-2 17 BOARD OF TRADE BLDG.
MEMBERS CHICAGO BOARD OF
Cormnondentn of Torrt-n Bryan,
Chicago and 'ew York
w York Stock Kxrhange
Chlcaso Kock Exohantge
Boston Stork KxrhanKf
J h to Board of Trade
Nrvv York Cotton Eirhantco
Neir Origan Cotton Exchange
"New York Coffee Exrhance
Nfw York Produce Exchange
Liverpool Cotton Aw'u.
THE mines of the
United States paid
in dividends in 1916.
This amcunt will
probably bi increased
in 1917 owing to the
high price of metal.
Copper, silver and g-old are Sure
to be in great demand -.t big prires.
Write f r pnspectus of the Navajo
Mines Corporation of Axis ona,
and r-ad the statistics.
LOOMIS & RIESS
30 Broad Street
NEW YORK, N. Y.
Total (fold reserves 488.R.OO0
Lefal tender notes, sliver, etc . . 10.B33.0u0
Total reserve S409.522.000 1
Five per cent redemption fund
arratr.st x eaerai reserve dwik
notes 400.000 I
Bills discounted members ia.2KO.ooo
Acceptances bought 112.oii2.iKlo
United States bonds 29.4 TO.OnO 1
One-year Treasury notes 1 S. 64 1 , 000 j
Municipal warrants wm,'
Total earnintr assets Slt1.242.coo
Federal reserve notes, net 23.2UO.uOO
Due from other Federal reserve
All other resources
. ..$ 53.713.000
Capital paid in
Due to members, reserve accouui. . v"
Collection items VVoai no 1
Federal reserve notes, net "''Anr.
All other llabllitle -04"00
Total liabilities $860,012,000
rioirt reserve asralnst net deposit and note
""cash1 VeserVra-rafrist net deposit and not.
liabilities. 74.6 per cent -..billtl-.
Caan reserve aniiii. "I.i .Vv
after setting aside 40 r-fr I?"!.0!1 SIT,
affalnst aggregate net "ah""'" " J .
Reserve notes in -,,t"'""-'V.,'1 Vi,'i fuin
Bills and acceptances. $ J4.rtU4.0Ol'.
Municipal warrants, (."'
HEAVY SHRINKAGE IK WEEK'S LOANS
Decrease of Nearly Elrchty Million Re
ported by mew ior
NEW TORK. Feb. 10 The statement of
actual condition of clearing house banks
and trust companies for the week, shows
that they hold 164.458.760 reserve in ex
cess of lesai requiremeiiv-. ' '"
crease of S1.010.7UO. The statement follows.
for Your Dollars
Everyone wants his dollars to earn bis
dlvldenda if It can be done without
risk of losing the money Invested.
I have a proposition for anyone with
SSO.OO or more to Invest that corablr.es
-Birr Profits and absolute safety for the
nioaey Invested. Not a itet-rich scheme,
but one of the very rare opportunities
that occur In the Investment line. In
dorsed by eminent bankers. Justice of
Supreme Court, business men of the
highest reputation who have not only
Invested their money but lake part In
the active management.
Full particulars sent on request. A. L.
Sutton. Drexel Bldg.. Philadelphia, Pa.
VEVAHA MTNTNG NEWS
Free for Three Months.
This publication Is edited by experts, elves
all the news all the time of all the Important
I mines and mining camps of NEVADA, and Is
ausoiuteiy aumentii. rtui-ri 1 tne com
ing big "camp of NEVADA. Is the Investor's
present opportunity. Write for the SPECIAU
ROCHESTER Issue, which will be sent abso
lutely free, and ask for information about
any mine In Nevada
NEVADA MINING NEWS.
3ri Clay .Petern BMg. RENO. NEVADA.
mlc . . .,sox,r".vw
Reserve in own
vaults ......... "D.u,rwi,vuv
Reserve in Federal
Reserve In other
depositaries .... oe,oo,ww
Net demand de- '
Kef'tlme' depositi. 'l'-3s',000
Of which S4S8.T80 is specie.
- 7AQ AOA
.-yJi siM 4K8.750- decrease. S1.010.78O.
Summary of state banks and trust com
panies in Greater New Yorn not inciuueu 10
clearing house statement:
PORTLAND TO SAN FRANCISCO
B. S. NORTHERN PACIFIC, express
train time. Sails Feb. 3, 8, 13. 20. 24. Cal.
Str. Express leaves 9:30 A. M. Fares S,
S12.50. S15. $17.50. $20.
8. 8. GREAT NORTHERN, San Fran
cisco and Los Angeles to Honolulu, Feb.
12; March S, 23; April 11, 30. $130 round
trip. Honolulu Carnival Feb. 19-24.
North Bank. 6th and Stark
Station, 10th and Hoys
Sd and Slor., N. P. Ry,
848 Wash.. G. N. By.
100 8(1. ISurllnxton Ry.
an. cklnf;.T'06.700 8 8.447.400
gal tenders 10.111.6OO 303,O0
.. 980.356,300 10.552.600
BanCk'sMSh in vault, $13,843,700 Trust
company's cash In vault. $62.0.2,000.
CAR SHORTAGE IS FELT
Mount Angel Potato Dealer Unable
to Move 3 0 Carloads.
MOUNT ANGEL. Or., Feb. 10. (Spe
cial.) The merchants of Mount Angel
are keenly feeling- the car shortage.
Though Mount Angel has two railroads,
the Southern Pacific and the Willam
ette Valley Southern, she is unable to
g-et enough cars to haul her products
to the market in Portland.
Kick Schmaltz, one of the local deal-
until you read our Market Latter. We
are special tt in the better ckyif of
automobile truck and tractor company
atocka. We can g!v you full Informa
tion and will be glad to write you re
garding any atock that you own or wish
to 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 mall our
Market Letter free every week for ten
weeks. Write to-day.
WM. 9. WIL80N A COMPANY
S41-S47 Fifth Areooe New Tork City
Prince Knpert, Ketchikan. Wrangle.
Fetersburs, Juneau. Tread-well, louglaa.
Thane. Haines, baas-way. Cordova. Val
ues and Seward.
Via Seattle or ban Francisco to Los
Angeles and San Diego. Largest ships,
unequaled service, low rates, including
zneals and berth.
For particulars apply or telephone
PACU-IC STEAMSHIP COMPANY.
Ticket Office, X Wanhlngtoa St.
Pac Main 229 Uomi A 223.
EUREKA. SAN FRANCISCO
S. S. BREAKWATER
P. M. Thursday. February t5.
North Pacific S. $. Dock,
Near Broadway Uridine.
Phone Broadway ti'M, A S422
I I I 'jaso 2ici.
I J j l-Srlenul.l Twin
1 I Screw American
' SU'.mers "Slr.
The Delightful Way!
SaUlnsT. r.K 9A M..13 a , ,
ieT-uiic e r-n .nM.rlr'l?;i..S.F.
Un.oSre., .asM-ia, PtuToot. 33.l) 1 !
t Honolulu. Suva Now Zmiti
Kegular sailings by tbe ranart'an-Aun. raiur
lan Koyal Mall tine. For further priicn
kuxa apply Canadian Paclf io iiatilw' y.
Xnlrd oU-eet, Portland.
111 j 1
1 .. . 1