TITE SUNDAY OREGOXIAX, PORTLAND, r FEBRUARY IS, 1917.
15
WHEAT HOLDS EVEN
Markets Awaiting Develop
ments in War Situation.
LOCAL VALUES ARE STEADY
1906
5. 102. 803
3,817. 0S1
10.709.450
5,106.964
8.501.270 )
rOBTLASD MARKET QUOTATIONS
Grain. Floor, Feed. Etc
Merchants' Exchange, nooo session.
February delivery. Bid.
Wheat "Bid. yr. ago.
Bluestem $ 1.57 Mi $ 1.08
Fortyfold 1.53 .f8
Oluo 1.02 W
Red fife .T
Red Russian 1.49 -97
Oats
No. 1 white feed 8G.00 28.00
Barley
........ isw.uo
Eastern Inquiry Good, but Prompt
Shipment Is Required and This
Cannot Be Guaranteed ; Grain
Bags Are Nominal.
The wheat markets are holding their own
pending developments In the international
situation. Bias at the Merchants' Exchange
ranged from unchanged to 3 cents higher
than Friday a a consequence of the gains
at Chicago.
There was some Inquiry from the East
and a small amount of business was worked.
The Eastern trade would be considerably
larger but for the fact that "most buyers
insist on quick shipment. A moderate
amount of trading for California account was
also reported.
Oats buyers reduced their bids a quarter.
The oats demand was light with fairly good
offerings from the valley. Barley was firm
in the East, prices there having advanced 3
cents a bushel since Thursday.
The Liverpool grain cable said:
"'Wheat dull and easier, expected large
export clearances, several cargoes arrived
yesterday. Corn firm with moderate export
offers and good demand for spot. Oats firm
with advancing spot. Export offers firmer,
arrivals moderate. Flour firm with moderate
supplies.
"Argentine weather continues dry and
warm. European weather very cold, dry
ness in parts with lack of snow. There is
less Interference with shipping, and it Is
believed that import arrivals will increase."
There is nothing doing at the moment in
3017 grain bags. New Calcuttas are quoted
nominal at XXV, cents. The indications are
that fewer bags will be required in the
Northwest than last year, as crop prospects
are not so favorable as a year ago, and a
larger proportion of the crop will doubtless
be handled in bulk. Seconds will be used
more extensively than heretofore. There is
also reason to believe there will be greater
difficulty in getting bags from Calcutta than
was the case last season.
The foreign situation is unchanged. No
advices have reached the trade from abroad
. that would indicate a softer situation than
has prevailed there, and in view of the turn
that the war has taken it is felt that noth
ing can develop from that section that will
make an easier market until the war is fin
ished. Freight and Insurance rates are high
and advancing, and this, together with the
currency situation Athat prevails in Calcutta
and the Far East in general, is causing con
siderable restricted shipping. Operations in
that market are having much difficulty in
making shipments on account of the many
hindering phases that prevail.
Terminal receipts, in cars, were reported
by the Merchants' Exchange as follows:
Wheat. Barley. Flour. Oats. Hay.
roriiana, bat... 8
Year ago :i
Total tills week 72
Year ago 8'J
Reason to date. 3013
. Year ago .'J317
Tacoma, Friday 4
Year ago 13
Reason to date. 434
Year ago 6878
Seattle, Friday. 13
Y'ear ago
reason to date. 401.1
Year ago 42(io
No. 1 feed
Futures
March bluestem ...
April bluestem ....
1 March fortyfold ...
a pm tortyfoid
March club .......
April club ........
March Russian ....
April Russian ....
March oats
April oats
March barley ......
April oariey ......
FLOOR Patents,
7.60; Valley, J7.70;
ham. $8.20.
MILLFEED Spot prices: Bran. $26.50
per ton: shorts, $30.50 per ton; rolled bar
ley. 4243.
CORN Whole. $47 per ton; cracked, $48
per ton.
HAY Producers prices: Timothy, East
ern Ore iron. $1920 per ton: alfalfa. $14
16; Valley grain hay. $12.5014-
28.00
Bid.
$ 1.58
1.58
1.55
l.us
. . 1.54
.... 1.50
1.49
1.49
BO.:
3H.50
39.50
40.00
$8.20; straights. $7.40
whole wheat. $8.40; gra-
CROP IS
Drouth in Southwest and West
Affects Chicago Market.
LAST PRICES ARE HIGHER
3 3 4 7
1
o 19 57 ::7
11 40 1 75
1B0 JOtio 17U7 1B.-.7
1348 1178 848 1088
"II 17
110 .. 2.-2 1515
483 .. 2tf4 1733
4 1
7
3S0 1131 1059 2923
1238 1585 760 320
ONIONS ONE DOLLAR SACK HIGHER
email Surplus Left In State Is Keeping in green and salted kip (15 lbs. to 25 lbs.).
Perfect Condition.
i ... . i . ...
wt.iuii. i mu ciose or tne week were
i higher than a week ago, the growers'
price being raised to $8.50. Shipments dur
ing the week have reduced the unsold stock
in Oregon to 24 cars. The onions that are
left are keeping In fine condition.
Potatoes closed firm with buyers paying
o to .j.do ror shipping stock.
Inkh... I. .... i . .
" - " v wiuiuniwn quotations on
aweet potatoes as good shipping stock Is hard
o get.
Green vegetables of all kinds are atrong
in price. imperial Valley lettuce has ad.
vanced because of the urgent Eastern de-
several cars of Los Angeles lettuce
are rolling. Another shipment of tomatoes
is also on the way. Florida new potatoes
win oe on nana in a week.
prices on citrus fruits during the
...u..UUer oi tnueason are expected. Grape
fruit is being brought from California, ow-
w iu. anvance in Florida prices.
REFINED
"Oalry and Os tin try Produce,
BUTTER Cubes. extras. 87c: prime
firsts, 854c; firsts. 35c; Jobbing prices:
Prints, extras, 39c; cartons, lc extra;
butterfat. No. 1. 8c; No. 2, 87c. Portland.
CHEESE Jobbers' buying prices, f. o. b.
dock, Portland; Tillamook triplets, 20c;
Y'oung Americas not quoted.
EGGS Oregon ranch, current receipts,
32 cents per dozen: Oregon ranch, candled,
3334c per dozen; Oregon ranch, selects.
38c per dozen.
POULTRY Hens, 1819c per pound;
Springs, 1819c; turkeys, live, 21 & 23c;
dressed, 25 & 2 8c; ducks, 20 "a 22c; geese,
12 13c
VEAL Fancy, 15c per pound.
PORK Fancy, 15 Vic per pound.
Fruits and Vegetables.
Local jobbing quotations:
TROPICAL FRUITS Oranges, navels,
$1.8u2.&0; lemons. $2.&034.OO per box;
bananas, -5c per pound: grapefruit, $4.50(9
$5.75; tangerines, $22.25 per box.
VEGETABLES Artichokes. $1.10 1.25
per doz; tomatoes, $67.50 per crate: cab
bage $5 5.50 hundred; eggplant. 25c lb.;
lettuce, $4.0O; cucumbers. $1,5011.75 per
dozen; celery. $o.50&6.50 per crate;
cauliflower, $2.60 2.85 per crate; peppers.
30c per pound; sack vegetables. $1.25 'w 2 per
sack: sprouts. 12Vic per pound; rhubarb.
104? 11c per pound.
POTATOES Oregon buying prices: $3
$3.25 per hundred; sweet potatoes, 4 tec per
pound.
ONIONS Oregon buying prices: $8.50 per
sack, country points.
UKllN FRUITS Apples. 4Sct2.Z3 Per
box; cranberries, $1011 per barrel.
Staple Groceries.
Local jobbing quotations:
SUGAR Fruit and berry. $8.10: Honolulu
plantation. $8.05: Grants Pass beet, $7.00:
California beet. $7.90; extra C, $7.70; pow
dered. In barrels, $8.60; cubes, in barrels.
$8.85.
SALMON Columbia River. 1-pound tails.
$2.40 per dozen; one-half flats. $1.50; 1-
pound flats, $2.50; Alaska pinks, 1-pound
tails, $1.25.
HONEY Choice, $83.25 per case.
NUTS Walnuts, sack lots, 18c; Brazil
nuts. 19c; filberts, 19c; almonds. 18019c;
peanuts, 7c: cocoanuts, $1.10 per dozen; pe
cans. 1819c; chestnuts, 10c.
BEANS Small white, ll4c: large white.
11.10c; Lima, 11 tec: bayous, 8.20c: pink
8Vic; red Mexicans, 9tec; Manchurlan. 8Vic
COFFEE Roasted, in drums. 17 35c.
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. 77Vc per pound
broken, 4c: Japan style. 4"4tec.
DRIED FRUITS Apples. 10 He; apri
cots. 1819c; peaches, ste'fflOc; prunes,
Italian, 89c; raisins. 81415tec: dates.
Persian, 15c per pound; fard. $2.50 per box
currants, 1516c; figs, $2 a 3.50 per box.
Hops, Wool, Hides, Etc.
HOPS 1916 crop. 4 0 8c per pound, 1917
contracts, lOf&llc per pound.
HIDES Salted tildes (145 lbs. and
ISc; salted stags 450 lbs. and up)
18c; green and salted calf skins (up to 33
lbs.), 2728c: green hides (25 lbs. and up),
16c; green stags (50 lbs. and up), 12c: dry
hides, 30c; salt hides. 25c; dry horse hides.
$l 'u 2; salt horse hides, $3 5.
PELTS Dry long-wooled pelts. Z4c; ary
short-wooled pelts, 17c; dry shearlings. 10SJ)
25c each; salted long-wooled pelts. $14(7 Lou;
salted short-wooled pelts, 50c&$l.
TALLOW No. 1, steo per pound.
WOOL Eastern Oregon, fine, 28 35c:
coarse. 33 Clitic; Valley, 33 3I41C
MOHAIR Nominal.
CASCARA BARK Old and new, 6V4 07C
per pound.
Disappointment Over Absence of New
Export Buying Checks Advance.
New Crop Months Are Firm-
est Coarse Grains TTp.
CHICAGO. Feb. 17. Many complaints
that abnormally dry weather In the South
west and West waa causing serious crop
damage gave an upward slant to wheat
today. The market closed unsettled at the
same as yesterday's finish to ltec higher,
with May 1.73te to S1.73H and July $1.4814
to $1.49. Corn wound up unchanged to
teVic higher; oats gained to hie. and
provisions showed a rise of 10 to 20 cents.
Disappointment over the absence oi any
new e-rnort . hitvlnff led to some reaction in
wheat rrlces as tho day approached an
end. New crop months, nowever, main
tained a relatively firm tone.
Some inquiry from the seaboara maae me
corn market harden a trifle.
Oats reflected the changes in corn values.
Trade was so light that the market was
easily Influenced.
Higher quotations on hogs orougnt mooui
firmness in "provisions. The bulges, though.
led to considerable realizing on tne pan oi
holders. e
Leading futures ranged as follows:
very definite-trend to the market has as
yet been shown, except that business in
niaea ana skins on shipments mat may taae
two or three months to arrive is almost at
a complete standstill. The increasing scarcity
of bottoms, and the consequent high ocean
freights, together with extreme rates for
war risk insurance, operate to make c L f.
prices very high on all kinds of hides and j
skins.
This country's chief supplies of Imported
cattle hides, come from La tin-America, and
this has been" especially the case since the
beginning of the war. With the shipping
of South American, etc, hides to England
and France now more difficult than ever,
it is naturally expected that the receipts
in the United States will be augmented,
which will offset to some extent a possible
aecrease In supplies from Asia and Africa.
The obtaining of hides from the southern
hemisphere, however, will largely depend
on shipping conditions.
l ne imports of cattle hides from Latin
America are at present almost as large as
the total Imports were before the war from
all over the world. During the 11 months
of 1916 ending last November there wer
275.636,35.1 pounds of cattle hides received
from Argentina, Brazil, Mexico, Cuba. Uru
guay, Colombia and Venezuela, or about 74
per cent of total Imports, while In the 11
months of 1914 receipts from these seven
countries were 16"), 457, 819 pounds out of a
total of 290.665,738 pounds, or about 58 per
cent of all the cattle hides imported.
GAINS " ARE - GENERAL
Mav
July
Mar
July
May
July '
Open.
1.00T4
.99i
Low.
May
July
High.
WHEAT.
.1.724 $1.75S
. 1.47 149
CORN".
1.01 H
.99 vi
OATS.
.."56 .56 T4
.54 .54 '4
MESS PORK.
30.17 30.10
$1.72 '4
1.47
1.00S
.99 hi
.r.ete
.54 H
Clos
1.73H
1.48
1.01
.99
.B
.54
S0.15
29.50
All Branches of Market Reflect
Greater Confidence.
TRADE ON BROADER SCALE
Steel Leads Advance in Industrials.
Seasoned Rail Issues Are Firmer.
Improvement Noted in In
ternational Bonds.-
CATTLE MARKET STRONG
PRICES WILL ADVANCE IF RE
CEIPTS CONTIXCE LIGHT,
Arrivals of
I.nst Snm
Hoars Are Smallest Since
mer Sheen and Lambs
Are Higher. .
May
July
May
July
16. 8.1
16.95
in.s
15.95
There waa a fair Saturday run at the
stockyards yesterday, but nfbst of the ar
rivals were carried over. The few sales
were at going prices. The market was
firm In all lines.
Receipts were 19 cattle, 2 calves. 264 hogs
and 35 sheep. Shippers were: Peterson
Bros, Forest Grove, 1 car cattle and hogs;
Amdahl Bros.. East Portland,- 1 car cattle.
caives, nogs; u. E. Lucke, Can by, 1 car
nogs, sneep; u. w. Edwards, Monroe, 1
car cattle, hogs, sheep; J. C. Davis and
Pu.rh, Shedd, 1 car hogs, sheep.. The day's
saies were as louows:
up).
14c;
Provisions,
sizes, choice.
5c; standard.
picnics, IStec; cot-
SCGAB
CP
00
CENTS
Second Advance In Week Dae to Strike at
Refineries.
The wholesale grocers were notified yes
terday morning of a 50-cent advance by
refiners in all grades of refined sugar. The
change was not expected, coming so quickly
alter tne -ia-cent rise of Thursday, stand
ard granulated is now quoted at $8.10,
net advance or 80 cents over the price pre
vailing at tne opening of the year.
This week's advances are ascribed to the
trikes In the Eastern refineries, which
have curtailed the output at the same time
mat tne consuming demand has Increased.
NEW YORK, Feb. 17. Raw sugar firm.
Molasses. 4.654.77e; centrifugal.
6.54c; Refined, firm; fine granulated. 7 a
1 Kdn "
HAMS All
24c; skinned. HI
tage rolls, 19c.
LARD Tierce basis, kettle rendered, lac;
standard pure. I8V3C; compound, 16c
BACON Fancy, 310 33c; standard, zrn
28c; choice, 22 26c
DRY SALT Short, clear backs. 18ZIc;
export, 20V422c; plate, 18 17 tec.
Oils. ,
KEROSENE Water white, drums, barrels
or tank wagons, 10c; cases, 18VW-'2c.
GASOLINE Bulk. 21 He: cases. auc;
naphtha, drums, ltec; cases, 30c; engine
distillate, drums. lQtec; cases, 19c
LINSEED OIL Raw, barrels, $1.08; cases,
$1.15; boiled, barrels, $1.10; cases. $1.17.
TURPENTINE in tanas, oic; . in cases.
74sj 10-case lots, lc less.
...f.
LARD.
16.73 16R5 16.Ti
.16.90 16.97 16.83
SHORT RIBS.
.15. 0 15.87 15.75
.15.90 15.95 15.90
r-ti.V, nrip.a u-.r. CI fnllnWI!
Wheat Nos. 3 and 3 red and 2 and 8
hard, nominal. e
Corn No 2 yellow, nominal; No. 4 yel
low. 99rS$l: No. 4 white. $1.00.
Oats No. 3 white, 68liO'58e; standard,
59 'Sf 59 hi c.
Rye No. 2 nominal.
Barley $1 frl.SO.
Timothy $3 50 3 3.B0.
Clover $12 18.
EXPORT SITUATION IS IMPORTANT
Wheat Trade Complicated by Demoralized
Railway Traffic Condition.
CHICAGO. Feb. 17. Alternating hopes
and fears regarding export business largely
dominated .the wheat market during the
last week with the situation made more
complex by demoralized railway trafflce
complex by demoralized railway traffic
breech between the Teutonic powers and
the United States. In the end prices ranged
from c decline to 4 He advance, as com
pared with a week ago. Corn lost He and
c to He, oats gained lc to lQl7c
and provisions showed no material change
Sharpest advances in wheat came at the
outset, and were due to assertions that
the British Government had commandeered
a large number of South American line
boats and would provide convoys of war ves
sels to rush foodstuffs to Europe from
United States ports. After a double holi
day, bearish sentiment received on Tues,
day an impetus from reports that seemed
to point to likelihood of the arming of all
American merchant vessels. More acuts
weakness developed next day. owing to no
tices of fresh embargoes on Important rail
ways and because of reiterations from Ber
lin that the U-boat campaign would be ac
tlvely carried out deeplte prospects of actual
war with the United States.
Announcements that the British govern
raent would load grain In preference to cot
ton and that vessels for Holland and other
neutral countries would be able to avoid
the German blockade by callinr at Halifax
rallied the wheat market on Thursday and
so, too. did action of railway officials look
ing to an outlet for eastbound dally train
loads of grain and flour to meet domestic
requirements of the Atlantic States. Ab
sence of anv siirn of fresh export buying.
however, led yesterday to a renewal of
bearish sentiment, despite crop damage re
ports from the Southwest and notwithstand
ing assertions that sailings from New York
to foreign ports had become almost as num
erous as before the revival of unrestricted
submarine attacks.
Mild weather that promised to lessen -de
mand for feed tended to weaken corn. Oats
hardened in response to reports that the
Southern Winter oats crop had been badly
damaged by severe coin weather. Provi
sions were steadied by advices that the Bel
glum relief commission had ordered 20,
000.000 pounds of meats.
3 cows.
1 cow .
1 cow. .
7 cows.
1 cow. .
1 heifer
Wt Price.
827 $ 8 ;0
1210 6.50
10O0 6.501
967 6.50
770 3.50
430 5.00
1 bull. .
76 hogs..
2 hogs.
2 hogs.
1 ewe.. ,
Wt Price.
860 $ 5.75
214 12.25
405 11.25
155 10.75
170 9.23
COMMODITY PRICES RISE
GENERAL LEVEL. IS HIGHEST SICE
EUROPEAN WAR BEGAX.
HOP
SALES
AT
LOW
PRICES.
Cerent en Thousand Bales Are Still Held By
vrcgon uronrers.
ine tew hop sales reported In the past
week wers at low prices. The outlook for
the remainder of the season Is unsatisfac
tory as there is a large surplus on the Coast
na mere is no chance of the export out-
Twenty-five Per Cent Advance la Past
Year Gala In January la
4 Per Cent.
Notwithstanding the ' rapidity and extent
of the preceding rise, the general level oi
wholesale commodity quotations has at
tained a new high-water mark. Dun s Index
Numoer being $176,278 on February L
against $169,562 a month earlier, an
vance of about 4 per cent. Compared with
. v,.r irn when strength was also tne out
iindinz feauture. prices are up nearly 23
oeing opened, from present indications. I per cent, while tne gain since me uwauun
Stocks left in Oregon are estimated at 17 - of th war ls 55-53;. ,or "v6r ?, per centi
000 bale, in growers' hands, whi?- JL fjh" -'""iff-." dl"".
i r-n ii riw is ii i u t: u uiuia . . ........ vwuB
hold about 5000 bales
The Sinclair crop of 831 bale. t win..
boro waa bought by the J. w. Seavey Hop
n prices ranging from 3 to 7U
cents. An 84 bale lot changed hands be
tween dealers at 4Vi cents. Sixty bales of
1015 s were sold at 2H cents. California
auvices noted the sale of 300 bales
Eonomas at 8 cents.
Minneapolis Grain Market.
MINNEAPOLIS, Feb. 17. Barley, 02i
$1.21
Wheat. May. 1.7nn: July. $1.724. Cash.
No. 1 hard. S1.88 Ol.RSi : No. 1 Northern
$1.7i el.S24 ; No. 2 Northern. $1.74
$1.82.
Flax, $2.75 12.82.
Eastern Wheat Fntnres.
DCXUTH, Feb. 17. Wheat closed,
$1.73: July. $1.72.
WTNNTPKO. Feb. 17. Wheat closed.
$1.73; October. $1.40.
May,
May,
NEW YORK, Feb. IT. All branches of
the stock list reflectedfurther confidence
during todays brief period of trading, deal
ings being on a larger and broader scale
than any previous day ef the week. Under
the lad of United States Steel. Industrials
rose 1 to 4 points, marked strength, being
manifested by Lackawanna Steel and Repub
lic Iron. Coppers and equipments advanced
as m:ch. the entire metal group being ma-
terl illy strengthened by unconfirmed reports
of the sale of a moderate amount of ' spot
copper at the unprecedented price of 37
cents per pound.
Motors and accessories registered moderate
advances and Mexicans made further re
coveries from their reversal of the midweek.
Transcontinental. Darticularly Canadian
Pacific and Union Pacific featured the sea-
on 3d rails and New Haven threw off some
of its recent depression.
Total sales were 273.000 shares.
The actual cash gain disclosed by the
bank statement was much under general
estimates, while the loan expansion of al
most $33,000,000 was in the nature of
co.-rectlon of last week's heavy contraction
of hat item.
Trading in bonds was light with an Ir
regular tone, except In Internationals, which
showed slight improvement. Total sales, par
value, $l,720.0uO. United States coupon 3s
advanced H point and registered 4s lost
a point on call during the week.
CLOSING STOCK QUOTATIONS.
Closing
the lot. The sheep constituting this ship- I
ment are said to have averaged 83 pounds I
each, bringing $9.54 each on an average,
which la considered an exceptionally good
Brlce.
SAN FRANCISCO PRODCCK MARKET
Prices Current urn Batter. Eggs, Fruits. Teg-
etablee. Etc. at Bay City.
SAN FRANCISCO. Feb. 17. Butter
Fresh extras. 37c; prime firsts, S8Hc; fresh
firsts S4c
Eggs Fresh extras. S3c: pullets. 29Hc
Cheese New, 21c; Young Americas. 21tc
Poultry Hens. 22 it 24c ; Ola roosters. 14
15c; fryers. 24 f; 26c: broilers. .80 (0 33c:
large. 28 30c. squabs. $2.75S; pigeons.
I1.&U03; auclcs, istfoc; geese, muzic;
turkeys. 23 24c
Vegetables Lettuce, southern 75c$1.75:
pess. southern fancy. Large, 9$!Oc; small,
7jSc: tomatoes, Mexican, $303.23; re
packed: eggplant. 30 6 35c: green pep
pers, Florida, 40gsoc; garlic. 304c: sweet
potatoes.. $3.25: celery, $3.00: rhubarb.
$1.50(ir2; marrowfat and hubbard equasa,
2o pound.
Potatoes Rivera, $3.6308.73,
Onions $12.50.
Frul" Ptars. Winter Nellie. $2.50 98
lemons, $33.2S; grapefruit. $2.23 3 2 3-;
oranges, navels. $2.3592-73: bananas, $10
1.50. pineapples. $2 la 2.50: apples. Newtown
pippins. $1.100125: bellefleur, eoe73c
Feeosturts uracxea com ana feed corn
meal. $48 60 ft 49 so. rolled barley. $45947;
alfalfa meal. $20.50 carloads: less. $21 SO.
Receipts Flour. 8610 quarters; barley.
10.700 centals; beans, 3558 sacks; potatoes.
1150 sacks; onions. 10 sacks: hay 40 tons;
niaes o-u; wine, ,w.phmi gallons.
RESALES ARE blAHY
Wool Speculation Based on
.Possible War Orders.
MARKET BASIS IS SOOND
CXLOADIXO OF SECVRITIES
WALL STREET.
IN
Reviewing market conditions at the Tarda
the Livestock Reporter says:
"The cattle market has been rather a
quiet affair each day since Monday, receipts
totaling only 50 head each day. They were
all on the common to medium kinds ot
Deer sturr. Tne demand waa good, es
pecially from butchers. Everything got an
eariy clearance each day and prices ruled
id to z.- cents higher than at last week s
close. The whole situation In the cattl
market is particularly strong and prims
Deevcs are In very urgent demand.
W hlle receipts during the week have
been comparatively light, the month to date
shows a very substantial gain over a year
ago. Receipts for the first 14 days were
81 head compared with 2021 a year ago.
The Increase since the first of the year is
about 2500 head.
"Only a few beef steers have been In the
receipts the last couple of days. One bunch
of medium steers brought $8.25. while yes
terday s best were not good enough to bring
monj man $7.o. A tew common steers sold
from $5.50 to $7. Prime steers continue in
very good demand and if the light receipts
continue a very strong and higher market
assured.
The bulk of steers sold yesterday at $7
. . O'l. a weeK ago at $8.254? s.00. a month ago
at $8.25a8.50, a year ago at $7.25Q7.75. two
years ago at $6.25i'6.75. three years ago at
$7.4038. four years ago at $7.8508.
vvith hog receipts the last few davs the
lightest since last Summer, made up prin
cipally of small lots from Willamette Valley
points, another 10c advance was given by
packers this morning. All fairly good hogs
brought $12.20. with a few small lots of
heavies at $12.23. The demand for pigs ls
unlimited, all speculators having more or
ders than they can fill. All 110 to 123
pound pigs brought $11, while 90 to Im
pound stuff found ready buyers at $10.75.
The demand for prime heavy hogs, ss well
as prime lights, is very good and the only
thing that keeps down another advance In
top prices is the lack of quality offerings.
The bulk of hogs sold yesterday at $12.10
12.20. a week ago at $11.8511.0O. a
month ago at $10.40 10.50. a year ago al
$808.05, two years ago at $8.807. three
years ago at $8.5008.00, four years ago at
$7.83 ! 8.25.
"Lamb prices continued their upward
climb when another 25 cents advance was
made on a couple of toads of fat lambs
from Rock Creek. Or. There was a very
good demand from a number of buyers.
One load of prime wool lambs brought $13,
whll lh. - r nf ahnrn 1 m - m r.a 1 1 7 . I Sin K(l
A few vallev lambs lirnuffht 11"' K ft . H ( h I
was 50 cents higher than any valley lambs
have ever sold on this market. There were
no wethers or ewes offered the trade, al
though there Is considerable call for fat
stuff. Best wethers are being quoted from
$10.25 to $10.75, with ewes from $9.25 to
$9.73."
Prices current at the local yards were as
follows:
Sates. High. Low. bid.
Am Beet Sugar.. 6,700. bw 87 ' 87
American Can.. . 400 44 43 Mi 43
AmCar&Fdry.. 300 63 63 63
American Loco.. 1,800 71 69 71
AmSmARefg.. 2.400 97 96 67
Am Sug Rcfg.. .. 1.200 lu9v, lo8 109 hi
Am Tel & Tel 125
AmZL&S 200 86 86 3
Anaconda Cop.. . 6,100 77 76 76
Atchison 300 102 102 102
Baldwin Loco... 80 64 53 64
Rait A Ohio 800 76 76 76
Br Rap Transit.. 800 68 67 67
B A S Copper... 8O0 46 45 46
Calif Petrol 700 24 23 24
Canadian Pacif. 1,300 153 152 153
Central Leath... 7.700 S 85 66
Ches Ai Ohio 800 59 Ci flu
Chi Mil & St P. . 400 81 80 81
fbliXW 400 118 118 118
C R I & P Ry.... 26
Chlno Copper. . . 2.6f0 54 54 54
Colo Fu & Iron. . 700 45 44 44
Corn Prod Refg. T.400 22 21 21
Crucible Steel... 9,70O 66 64 6.)
Dlst Securities.. 2M 26 25 25
Erie 1.400 26 26 26
General Electric. 2o0 16.'. 163 105
Ot North pfd 20O 113 113 113
Gt Nor Ore clfs.. 900 82 32 82
Illinois Central 101
Int Consol Corp 13
Inspiration Cop. 3.600 56 55 ''
Int Harv, N J 113
Int M M pfd ctfs. 25.900 71 69 71
K C Southern. .. 4o0 .21 21 21
Kennecott Cop.. 2.9O0 43 43 43
Mexican Petrol.. 2.4O0 87 87 87
Miami Cop 6u0 37 37 37
M K T pfd 14
Mo Pacific, new.. 600 28 28, 28
National Lead 55
Nevada Cop O0 24 24 24
N Y Central 700 B5 95 95
NYNHAH 8.400 39 88 XS
Norfolk & West. 300 128 12S 12S
North Pacific. . . 500 104 103 1"3
Pacific Mall 300 23 22 22
Pennsylvania... 1.70O 54 51 54
Ray Consol Cop. 4.10O 26 25 26
Reading 1.2110 91 91 91
Rep Ir & Steel... 11.400 78 73 77
Shatt Ariz Cop. . l.W'iO 27 26 26
Southern Pacif . . 300 93 93 93
Southern Ry. . .. 1.100 28 28 28
Ktudebakiv Co. . 600 - 104 103 103
Texas Co 1.700 223 220 221
Union Pacific... 3,000 13S 137 138
do pfd 82
V B Ind Alcohol. 1.200 12.1 124 1 24
V S Steel 21.7O0 106 10.1 lo
do pfd 8oi) 117 117 117
Utah Copper. .. . 6.400 109 107 109
Wabash pfd B... 7on 2.-. 25 25
Western Union. . 20O P4 94 9:
Wanting Elect. .. 2.400 PO 50 50
Total sales for the dsy. 273.000 shares.
BONDS.
Prlj-ate and Corporation Capital Awalt-
lmg Outcome sf Events at Was bin Br
ing ton Trade Conditions Good.
NEW YORK. Feb. 17. Further uncertain
ties in the nlternatlonal situation, which re
suited in a general freight blockade, were
among the more adverse features ot a dull
week in tne sioca maraeu
It was evident, however, in the very mod
erate dailv operations that market or tech
nlral conditions were sound, even though in
dlcations of further liquidation were not
altogether lacking.
Much private ana corpormuon cspiimi i
awaiting the outcome ot events at Washing
t.-.n where, Drenarstlons for a large govern
ment issue are assumed to be well toa-ard
ramni,! ion. Also It is understood that ou
bankers have arranged preliminaries for
several additional foreign flotations, these
to consist of renewals of loans to South
America and additional credits to France
In the stock market representative In
diutriala were again stronger than ralla
Khares of the various war supply concerns
scored irregular advances, partly as a re
sult of the publication oi tavoraoie state
ments or earnings ana oeceuse or tne ukq
llhood of contracts from the nome govern
ment-
All the metal markets were stimulated by
advances in raw ana rerinea products, nign
grade copper for instance, being quoted a
tne recora ones ot o. cciub & nuunu. .i
though It ls not known that actual sales
were msde at tTiat figure.
ShlDoins: shsres made consiaerame lm
provement later in tne weelc. tneir rise De
ns coincident with a tan in marine insur
anc rates. Issues of related companies
strengthened in sympainy.
Lack of public interest was empnasizea o
the lower levels reached by bonds of th
quality most acceptable to investors. Inter-
nationsi oonas connnueu nevvy out mso
some recovery in the letter days of the week,
their lmnrovement being assisted by the re-
sumotlon of gold imports on a large scale.
Money rates eased slightly and focal de
mand showed steady reduction, this being
further attestea in tne llgntening ot loans
for speculative purposes.
According to reports of mercantile agen
cies, genersl trade ls paying little heed to
the conditions created by the tension be
tween Washington and Berlin.
Cattle
Steers, prime ...........
Steers fair to good ......
Steers, medium .........
Cows, choice
Cows, medium to good . ..
Cows, ordinary to fair ...
Heifers
Rj'ls
Calves '..
Hogs
Light and heavy packing
Rough heavies
Pigs and skips
Stock hogs ....... ......
Sheep
Yearling wethers
Ewes
Lambs
XT P ref 2s reg. !)
U S ref 2s coup t
U S Ks reg "loo
U S 8s coup...10o
U S 4s reg 107
U S 4s coup. . .109
Atchison gen 4s 93
N Y Cen aeo os lot
North Pee 8s. . . ,. 66
Pac T T 5e..riO0
Penn con 4s...in4
South Pac ref 4a 91
Union Pac 4s... P7
tin Pac cv 4s. . . 92
U S Steel 5s 1115
South Pae cv 5s.lOO
Of
Basis.
"'""U 0 EGGS LESS ACTIVE
Market Closes Steady at 82-Cent
Butter Unchanged.
uemana ior eggs was not as keen
yesterday as In the middle of the week, but
the market held steady at the 32-cent basis.
case count.
The butter market was also steady and
unchanged for cubes and prints. Cheese was
aharo reaction has recently been experi
enced In certain quarters, there are clear
indications that in some important maraeia
the top has not yet been reacnea.
No reoetitlon of previous excited buying
is witnessed and a disposition is everywhere
manifest to proceed cautiously in making
commitments for tbe far future, but current
consumptive demands are sustained In note
worthy volume and the paucity of supplies
in some lines is accentuatea oy tne trans
portation congestion, which still seriously
retards the movement of raw materials and
products. Where needs are particularly ur
gent, premiums on special shipments con
tinue effective, though under existing condi
tions advantages on deliveries are not often
possible.
without exception, an ot tne seven divi
sions into which Dun s Index Number ls
parated touched a higher plane last month
and tbe widest change was in foodstuffs.
with miscellaneous metais, and clothing fol
lowing in the order named. Each one of the
principal cereals cost more at the end of
January than a month earlier and this was
also true oi most meats ana provisions.
KANSAS CITT. Feb. 17. Wheat closed
May. $1.73; July, $1.45; September,
$1.34.
ST. LOUIS. Feb. 17. WTieat closed. May,
$1.74; July, $1.46: September, $1.86.
Grain at San Francisco.
SAN FRANCISCO, Feb. 17. Spot quota
tions Walla Walla. $2.72 02.75: red Rus
sian, $2.72 02.77 ; Turkey red, $2,950
3.00: bluestem, $2.8502.90; feed barley,
$2.2002.22; white oats, $1.9501.97;
bran, $28.00029.00: shorts, $3O.OO08LOO:
middlings. $38.00040.00.
Call board Barley. May, $2.24 bid. $2.27
asked; December. $1.63 bid, $1.65 asked.
Paget Sound Grain Market.
SEATTLE. Feb. 17. Wheat Bluestem.
$1.57; Turkey red. $1.58: fortyfold, $1.62;
club, $1.54: fife. $1.54: red Russian. $1.52.
Barley. $39 per ton.
Yesterdays' car receipts: Wneat 13, oats
1. flour 4.
TACOMA, Feb: IT. Wheat Bluestem.
$1.67; fortyfold. $1.53: club and red fife.
$1.52: red Russian. $1.49.
Car receipts: Wheat 4. oats 2, hay 2.
quoted firm with a reduction in local niAi.v.
Poultry and dressed meats were In mn among u-.., ua (.na articles re-
. . were in small I cessions in butter and eggs were more than
ana there was a strong demand I nff.t bv the further unturn in nnt.tn..
supply
firm prices.
Bank Clearings.
Bank clearings of the Northwestern cities
jrcaicuny .crfl as loiiows:
Clearings.
.$2,369,429
. 3,104,031
863.074
927.612
Portland
Seattle
Tacoma
Spokane
v Bank clearings of Portland, Seattle and
Tacoma for the past week and correspond
ing kccm in xormcr years were
and other vegetables. In the group embrac
ing other food, however, the net result was
insignificant. A recovery of over $1 a bale
in raw cotton and higher prices of woolen
goods counterbalanced the yielding in bides
and the clothing class rose moderately
while metals registered another gain. b-
$184.75 cause of increased strength In steel and Iron,
3W4.32. 1 copper, idku t.i. auybqch also pre-
aominatea in miscellaneous commodities,
notably in lumber.
Balancer
5.57
117.028
1017
1H16
1915
1014
1913
1912
3911
1910
1909
1908
1907
Portland.
. ..$13,373,362
. .. 11.538.166
. .. 12.000.834
. .. 12.298.930
. .. 10.8-11. 923
. .. 9.172.504
... 9.312.325
... T.2S.5r.8
... 5.354.921
... 6.345.394
. .. 7.4O2.059
Seattle.
$16,753,407
13.211.874
12.300.039
11.7a.970
11.6.-.1.2T7
9,028.883
9.431.600
9.404.S07
7,631. 4D2
7.282.837
10.20 1.852
Tacoma.
$2,397,854
2.204,336
2. 117. 082
2.12SI.451
2.336,169
3.638.193
3.577.652
4.762,316
4.009.779
8. 821. S3:
4.310.71
Naval tores.
SAVANNAH. Feb. 17. Turpentine, firm.
48o; sales, 16 barrels; receipts. 86; ship
ments, U . BlUVH. .
Rosin, firm: sales, none: receiDta. 1276
barrels; shipments. 50; stock. 80.497. Quota:
A. B. C. L. K. , U. XO.UO; H. I. K. M.
$6.20; N. $6.40; WG. $6.60; WW. $6.75.
Duluth Linseed Market.
DULUTH, Feb. 17. Linseed on track.
$2.79 2.80 ; arrive. $2.79: May. $2.81.
May, $.81 anted; July, .'.'. asked.
, .. 12.20012.85
... 1 1.00 11.25
... ll.00nf.il. no
. .. 10.50011.00
. .. 10 25 10.75
... H.lr.'it fl 73
11.23013.00
Omaha Livestock Market. -
OMAHA, Feb. 17. Hofi Receipts 10.000
higher. Heavy. $12.10012.30; light. $11.80-?
12 15; pigs. $10011.73; bulk ot sales. $11.95
012.15.
Cattle Receipts 100, steady Native steers,
$8.25 11.25; cows and heifers, $7.2509.25;
Western steers. $7.6001050; Texas steers,
$78.25, stockers and feeders, $6.50010.
Sheep Receipts 200, steady. Yearlings.
t11.50a13.60: wethers, $1O.5U011.6O; lambs,
13.65 014.60.
Chicago Livestock Market.
CHICAGO, Feb. 17. Hogs Receipts 1".
000. strong, 5 to 10c above yesterday's
average. Bulk. $12.20012.40; light. $11,650
12.35, mixed. $12 05012.60: heavy $120
12 50; rough. $12012.13; pigs. $9.40010.70.
Cattle Receipts 800. steady. Native beef
cattle. $7.850 12; stockers and feeders. $6.25
09.20: cows and heifers, $3.20010.40; calves.
9Sheei-Rece1pts 7000. weak. Wethers. $11
012; lambs. $12.40014.75.
COFFEE FUTURES CLOSE HIGHER
North Pac 4s.. 94 I Anglo French 6s 92
Mining Storks at Boston.
BOSTON. Feb. 17. Closing quotations:
. . -'--,! Old Dominion... til
. . 13IOsreola 84
. . SO IQulnry 90
..530 Shannon 8
. . ti Miofnor 14
.. 62 Sup' Boston... 6
.. 13 Tamarack 66
.. 7;i"tah Con 19
..83 l Winona ........ 4
.. 13 Wolverine 47
. . 20 1
Trl-
8.736 9.23 Alloues
R OOK) 8 75 Ariz Com.
7.23 !(fi 8 0O I Cal Ariz..
7.601 7.75 Cal & Hecla.
.753 7.25 I Centennial ..
6.00f( 6. 30 I Cop Range..
5 OOfr 8 00 East Butte .
8.73 4 6.50 I Franklin ...
6.00010.00 j Isle Royalle.
North Butte.
BIG SHORTAGE FORESEEN
SPEED LIMIT IGNORED
YOUTHFUL CYCLIST CAUGHT GOING
FIFTY-FIVE MILES AN HOUR.
Uae of Motorcycle Denied to Kenneth
Altnow for Six Months Speed era
Over Broadway Brldse Arrested
Farther
HIDE MARKET IS STEADY
NO DECIDED TREND OF
EITHER WAY.
PRICES
Intercut In Possible Effect a on Domes
tic Values of Lateat Interna
tional Complications.
Conditions arising out of the international
situation are so uncertain that there is at
present no decided trend to the markets
tor hides and leather. Influences that would
tend to advance prices seem to about equally
oalance those that would cause depression,
if ocean transportation should be materially
curtailed. Importations of raw hides and
skins and tanning material would be re
stricted and sharp advances in these raw
products might be expected, if It were not
for the fact that at the same time exports
of finished leather and shoes, and other
manufactured leather goods, would be ser
iously hampered.
The first effect of the new international
complications was a stiffening of prices
on some vaxltles" of foreign hides held in
.sew York, and liberal sales were made of
Latin-American dry hides at an advance
of lc per pound to large buyers, who had
just previously rejected offerings at this
increase. Outside of this tendency to pa)
.op asking quotations for goods on spot, nt.
Improvement on New York
Option Market.
NEW TORK, Feb.'' IT. The market for
coffee futures showed a further improve
ment today. There was a little demand
from trade sources, and after opening un
changed to 3 points higher, active months
sold about 6 to 12 points above last night's
closing figures. Further liquidation of
March, largely In tne way oi switcning to
later months, appeared to be readily ab
sorbed, and that delivery rallied from S.20O
to 8.25c, while May sold up from 8.85c
to 8.45c. and December from 8.65c to 8.57c
The close was 5 to 7 points net higher
Sales. 51.0O0. February. 8.21c; March, 8.24c;
April, 8.32c; May, 8.39c; June. 8.45c; July,
8 50c; August. 8.54c; September, 8.57c; Oc
tober. 8.62c; November, 8.67c; December.
8.71c; January, 8.76c.
Spot coffee was reported In moderate de
mand at 10c for Rio 7s and 10c for Santos
4s. Offers of Santos 4s were reported in
the cost and freight market at 10c to 10.10a
London credits, and of Rio 7s at 9.35c to
9.50c. London credits. -
Freights were said to he easier with sev
eral steamers now in Santos offering room,
while Insurance rates were also reported
easier. The official cables reported ho
change ln Brazilian markets except for an
advance ot 25 rels In Santos futures.
Dried Fruit at New York.
NEW YORK. Feb. 17. Evaporated apples
dull.
Prunes, steady.
Peaches, firm.
Hops, Etc., at New York.
NEW YORK. Feb. IT. Hops quiet.
HMm, steady.
Wool, firm.
. Cotton Market.
NEW YORK. Feb. 17. Spot cotton quiet.
Middling. 13 95c.
Money. Exrhange. Ete. -
NEW YORK. Feb. IT. Mercantile paper.
40 4 per cent.
Sterling. 60-day bills. $4.72: commercial,
60-day bills on banks. $4.72; commercial
no-day bills, $4.72; demand, $4.76; cables.
$4.76 7-16. Francs, demand. 5.83; cables,
6.83. Marks, demand, 68; cables. 68 8-16.
Kronen, demand, 11: cables. 11.02. Guilders,
demand. 40; cables. 40 11-16. Llres. de
mand, 7.26; cables, T.25; rubles, demand.
28: cables. 28.
Bar silver. 78 c
Mexican dollars. 60 He
Government bonds steady; railroad bonds
Irregular.
SAN FRANCISCO. Feb. IT. Sterling In
London. $4.70: demand, $4.75; cables,
$4.76. Mexican dollars. 60.80c
LONDON. Feb. 17. Bar silver. 88d per
ounce.
Money. 4 per cent.
Discount rates Short bills, 6 per cent;
three months. 6 per cent. .
LARGE INCREASE IN RESOURCES
Gain of Over -Twenty- onr Millions Reported
by Federal Reserve Board.
WASHINGTON, Feb. IT. A gain of more
than $24,000,000 In total resources of Fed
eral Reserve banks during the week Is shown
in the weekly statement of the banks con
dition February 16. It follows:
Resources
Gold coin and certificates In
vault $274.36T,OO0
Gold settlement fund 216.221.000
Gold redemption fund with U. 8.
Treasurer 1.804.000
before the Juvenile Court, forbearance
proved to have but little effect on Ken
neth Altnow-) 17 years old. who waa ar
rested Friday night by Motorcycle
Patrolman Frank Ervln. At a speed of
55 miles an hour he was chased down
Mllwaukle street to the Clackamas
County line, where the policeman over'
took him.
Municipal Judge Langfruth recog
nized the smiling; young- offender when
Kenneth was brought before him. On
Wednesday the Jurist, driving: his car
on Union avenue, was compelled to
turn aside by the reckless approach of
a motoro cllst.
"Hold on a moment! shouted Judge
Langguth, and Kenneth obligingly
obeyed. He was asked to appear in
court the next morninar. when he was
chided by the Judsre. Promising; not to
"cut her loose," the boy was freed, only
to be trailed by Patrolman Ervln In a
wild ride the following night.
'But I wasn't going 65 miles an
hour." he protested yesterday. "I don't
think I was making more than 45."
Taken to the Juvenile Court, he was
forbidden by Judge Tazwell to ride his
motorcycle, or any other, for six
months. Disregard of the court's order
will be followed by action to place him
in the Industrial School for Boys.
Eighteen speeders, largely gleaned
by Patrolman Ervln froiruihe stream of
traffic on the Broadway bridge, ap
peared before the Municipal Court yes
terday. The speed limit is 15 miles an
hour on bridges. The patrolman
charged the defendants with lengthen
ing it to 25 miles.
Placing of Government Contracts for
Cloth for New Army Would Bring
About Wildest Market for
Many Years.
The wool market at the present Urns Is
governed largely by buying In anticipation
or Government needs. As stocks are limited.
the speculative operations, which have cen
tered la the medium grades, have given
further strength to values. Not all develop
ments anticipated as likely to follow the
severance of diplomatic relations with Ger
many have materialized, but the wool trade
s aeeniy s,iive to the delicate character of
the situation, which may be changed In a '
moment to one of great gravity. Manu- -
facturera have been rather slow In meeting
the views ot the holders of wool, though
In some cases they have paid higher prices
than any yet quoted.
Underlying this speculative movement ls
the probability that manufacturers will b
called upon to supply the needs of a new '
army In a hurry. Indeed, it is reported
that certain large manufacturers have been
asked by the Government to clear tbe way
for Army contracts and that this Injunc
tion Is being obeyed as rapidly as possible:
also that new lines "of manufactured goods
are to be withdrawn to give the right of
way to the Government orders. If the lat
ter are forthcoming to tbe extent that now
seems possible, a tremendous volume of
wool will be needed by the mills that get .
the business, assuring big profits to the -speculators
who have been trying to cor
ner the market for certain grades of scoured :
stock.
Opinion In the wool trade ls divided as to
whether these contracts will be placed.
Some factors still appear to hope that the
Government may be able to draw back from
the verge of war. though admitting the
gravity of the situation': Those who do not
look for war to be declared, however, are
not holding back from the current wave of .
speculation. There is a strong feoting that
wool prices are not dependent on rumors of
war. but on the certainty that manufactur-
era are facing a big shortage In their raw -material.
Their attitude is that war may
Accelerate, but the lack of It cannot stay
r-slie upward swing ot values.
Perhaps the "-most prominent feature of .
the market has been the speculative move
ment in scoured wools, both foreign and .
domestic being moved freely. Not only has '
the market been more active In this than
in other directions, but the price advances -
established have been marked. Considering '
the reduced stocks, this movement has been
fully as pronounced as anything noted last '
year. In some cases It Is said that certain
lots of wool were sold three or tour times -
In a single day. The first seller, on finding -thst
the buyer had turned about and was
offering the wool at an advanced price of
6 cents or so over the purchase price, would
feel that he had made a mistake, and If he
naa neia on couia nave got more money. - -A
little of the wool has gone to manufac
turers, but the bulk to other dealers, some ,
lots being 20 cents higher at the end of tbe
day than In th morning.
Much ot the interest In these scoured
wools nu Deen out to the fact tnat tney
would become Immediately available for .
use In tbe making of Army goods. They ;
have been the favorite football of the specu
lative element for a year. Territory and
Cape scoureds. B super pulled wool, and .
others of similar character have been moved -
In large volumes. A conservative estimate
is thst transactions would aggregate fully -S0O0
bags and bales for the week. Other
estimates Indicate fully 10.000 packages.
The extent to which brokers and oealers
have been running about handling over and
over the same lots of wool posslbiy has
given a fictitious air to the market, betting .
aside all Inflated considerations ot that
nature, the wool trade ls enjoying a good
slsed boom and It would take but the .
smallest spar id hi 1 11 a auvui .
market for mat., j earn
Total gold reserve $492,802,000
Legal tender, notes, sliver, etc.. T.609.000
Total reserve $500,001,000
Five per cent redemption fund
azkltiit F. R. bank notes 400.000
Bills discounted members 10.553.000
Acceptances bought 126.054.000
United States bonds 29.471. ooo
One-year treasury notes 18.647.000
Municipal warrants 16,678. 0O0
Total earning assets 210.4O3.0on
F. R. notes, net .' 22.520.000
Due from other F. R. banks, net. 7.840.000
Uncollected items 144.249.000
All other resouroes 8.619.000
Liecture on Egypt Given.
AMITY. Or.. Feb. 17. (Special.)
Professor John B. Horner, oi the Ore
gon Agricultural College, gave an illus
trated lecture here tonight on "ligypt.
Without Schools and Teachers."
Total resources 894.032.000
Liabilities
Capital paid In $ 65.773.000
Government deposits 10.851,000
Due to members reserve account 688.591.000
Collection Items 121.218.000
F. K. notes, net...... r. . . 17,089.000
All other liabilities 610.000
Total liabilities I894.032.OO0
Cold reserve against net deposits and note
liabilities. u per cent.
Cash reserve sgatnst net deposits and note
liabilities. 71.8 per cent.
Cash reserve against net deposits liabili
ties after setting sside 40 per cent gold re
serve against aggregate net liabilities on
Federal Reserve notes In circulation, 73.8
per cent.
High Price for Yearling Wethers.
KUMATH FALLS. Or.. Feb. 17. (Spe
clil.) Fifteen carloads of sheep were
shipped today from this city to the W'cst
ern Meat Company by Leslie Rogers,
George Watt and Harry Stilts, all of this
city. There were 1500 head of sheep In
the lot. The portion belonging to Mr. Rogers
filled ten cars, and all his sheep were
wethers. He stated today that he had re
ceived a price of 11 cents per pound for
WELFARE DAY OBSERVED
Exercises to Arouse Interest In Care
of Children Are Given.
Yesterday was "Child Welfare day"
and exercises to arouse enthusiasm In
the care and development of the child
were held by various parent-teacher
organizations throughout the state and
Nation,
The movement for the celebration of
the day was inaugurated by tbe Na
tional Parent-Teacher Association and
commemorates the anniversary of the
founding of the Congress of Mothers
by Mrs. Theodore Birney, of Washing
ton. D. C. and Mrs. Phoebe Hearst,
of California.
BIG PROFiTS
for Your Dollars
Everyone wants his dotlsrs to earn big
dividends if it can be done without
rlok f losing the money Invested.
I have a proposltioo for anyone with
$50.00 or more to Invest that combines
Big Profits snd absolute sf.-ty for the
money luvesu-d. Not a get-rich scheme,
but one of the verv rare opportunities
thst occur In ths investment line. In
dorsed by eminent bankers. J unties of
Supreme Court, business s men of the
higheHt reputation who have not only
Invested their money but take part In
the active management
Full psrtfculars sent on request. A. L.
Sutton. Urexel Rldg.. Philadelphia, Pa.
TRAVELERS GCIIIE.
sTWIN PALACES
PORT LAN I TO JAN t H A N CI SCO
S. S. NORTIII-.RN PACIFIC, express
train time. Sails Feb. 8. 8. 13. 20. 24. Cal.
Fir. Express lesves 9:30 A. M Fares $8.
$12 60. $15. $17.50. $20.
S. 8. GREAT NORTHERN. San Fran
cisco and Los Angeles to Honolulu, Feb.
12: March 5. 28: April 11. 80 $130 round
trip. Honolulu Carnival Feb. 19-24.
North Bask, ath and Stark
TICKET j ?.' "t"
' toe i. Burlington Ry.
Court Upholds Realty Trade.
EUGENE, Or., Feb. IT. (Special.)
An exchange of the Deerhorn ranch
property on the McKenzie Kiver, valued
at $50,000, for the Central Hotel prop
erty at Port Orchard, Wash., and lots
In Bremerton, Wash., was upheld in a
decision handed down by the Lane
County Circuit Court yesterday.
&
OVERBEGK
COOKE CO.
Broker. Storks. Bondt, Cotton.
ratio. Etc
Il-tl7 BOARD OF TRADE BLDG,
MEMBERS CHICAGO BOARD OF
TRADE
CoiTSH(1nits of Irtui
LnicaKo ina ew ion
MEMBERS
w York mtock Fxcbnf
('ht-rmso Htork Exchange
no ton Stork Exchange
hkaxo Board of Trade
New iork Cotton Exrhang
w Orleans C otton Exrhange
New York Coffe Exrhanjce
New York Produce Exchange
X4TerpooI Cotton Am'il.
ALASKA
Prinre Rupert. Ketehlkvn. YYraitrele
peterfebarg-, Janesa, Tread well, DoucLa-.
Thane, liainea. bkavwfty, Cordova, al
de and Seward.
CALIFORNIA
Via Seattle or San Francisco to Los
Angeles aud San JDiego. Largest ships,
unequaied service, low rates, including
meals and berth.
For particulars apoTv or telephone
PACIFIC eiTKA.HsHIP COMPANY.
124 Third Street. 24S Wash. bt.
Main 2. Main 22S
Hume A 4SM Home A 283
U.S. Mail S-Ss. SIERRA. SONOMA, VENTURA
P HONOLULU 4
JWrST RATES OF PASSAGE Apply a
yCF. k NIC S. S. CO.. C73 Market Su Saa Fraaosee
"aulutu svery 21 days- rb .to.Mar.l8,Apr.a
COOS BAY 1
EIREKA, SAN FRANCISCO
S. S. KILBURN
P. M. NO'DAY, Febmary lt.
North Had fie S. S. Deck,
Near Broadway Ivrida;e.
Phone Broadway K24). A 3-423
nil "T" r-" r i i si
Honolulu, Suva. Now Zala-td
Awecuiat aal Itnn oy the Canaawn-.r&uat.raut-.lau
Koai Mail Line, For further particu
lar Apply Canadian tactile Railway,,
Third etreet. lertiand.
JAPAN AND CHINA
Toon leave April. nly and fert ember.
Small Partiee at Keaeonable Hate.
Frank C. Clark. Time bids.. New xork.