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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Jan. 27, 1918)
THE SUNDAY OREGOXIAX, TORTLAXD, JANUARY 27, 1918.
SURPLUS IS LARGE
Potato Stocks 146 Per Cent
Greater Than Year Ago.
SHIPMENTS CUT IN HALF
Consumption Will Hare to Increase
Great 7 In t 10 or 13 Weeks
In Order to Clear Situation. -Northwest
ta Vi t II 1 1 T chute In the xtotate
snerrata eff the country, bcth producing and
irrlouCng ranters remaining at about the
Locatla tr.r I very little movement, do
larsaly to a uonu of cara Many grow
er ar alao. reluctant to accept th present
ffei-d prfc-. Burbanke u!tabta for sr-.lp-a'ac
ara bringing aronad ft at country load
ing pornta. wbl;e a tew of fan-y grade ara
brtn:r.g fnn to 10 to I3e mora. American
Wcirfa ar ornwnat lower thaa thay
hav ea la th last fa wks, tha general
arira rang being from It to It. 13 at country
Tha week'v review of tha potato situation.
I'id Tlt-r.1ir br O R. Ranvan. of th
to" I ef.'tra of tha bureaa of markets. aaa:
-Mt of tha producing sectlona continue
ta show u wnt Con. with prlca lvI
practN-aliy tha ui aa laat week. Grand
Kaput rp.t ; at II IOiCW la earlota,
t. a b.. tual tarmi. an advance of SQlOe
avar last week. Car shortassa and tnibir
ge ara Interfering with tha movement of
potatoes ta many of tha producing section
Tha car e.-iortax at I laho Kalis which haa
exut.4 for tha past two wka la reeponai-
I for tha Uxht diotmibi from that
tla. At afoorjaed a tmw cara loaded from
varhooa ara reported aa a. ling for 91.90
2. arrvaned arid aackad. At Roeheeter
I- a No 1 Round WbJtaa. guaranteed
strictly froarfre. ara loa lower tbaa laat
". At iirwur. Culo.. mixed wbtte ara
B par eat . with a car shortage hamper
ing tha movement. At other polnta the
pnees ara practically tha aam aa those
Carlot potata shipment compare aa fol-ferae:
Ml -h Iran ...
M nprn . .
.ftf i . . .
NW Je-eT .
I ore Ul . V. 1
Otnr N. Y. .
TV ! "Tt.n ,.
total stocks of SS.St2.43o pounds of froxaa
flab, cured hairing and mild cored salmon.
Tha 144 atoracea that reported January IS
of thla year and laat iboa praaent holdings
of 4I.0O4 PM pounds aa compared with 88.
O07.SIS laat year, an tncreaaa of 1.037.400
pounds, or k per cent.
T.ie ITS storages that reported for both
December 13. 1117. and January IS. ltrlS.
showed a decrease of 73.0ol.01d pounds, or
T9 S per cant, while the IS storages re
porting; their holdings for both December
13. lwK. and January 13. laat year, showed
a decrees of 10.0i4.S0J pounda. or SX4 per
GOOD GRADE ArTLFS IV DEMAND
rhl (e Ml
:. l-'J H.M .7-4
l."4 111 T i-M ?0
l H" 4 14 .7
S.'l i"7 T 1 I
M 7 4.JJ' 4fll
il IJ 10.4-1 .!:7
J I 21 374
3 n i.r. 1117
' U.Kil 11.V7
11 1 d.n .i 1.-.7
1 n i.r.; 3,j
44 J 7-J 1 i.-.J
SI t !t 1 7W- 1 7s
I i.i.-.s J.:is
5T 2o 41.41
,nt i.7T in. fir '
York and Other Kaateni Markets
Mrady aa Narthweateni Fruit
Apple shipments frora tha Northwest on
Thursday reporad by tha Bureau of Mar
kets were T2 cars, maklns a total of lS.lBo
cara to data. Tha destinations of tha latest
shipments wars aa follows: Bltllnaa, 2:
Chicago. T; Deneer, 4; Dttworth. allnn.. 1;
Duluth. 1; El I'aao. 1; Hood Hiver. 1: Kan
sas city -. LArsda. 1. loa Aaceiea. a;
Meridian. Idaho.. 1: Minneapolis. 10: Mlnot.
N. D.. 1: Moaoniahela. La.. 1: New York
City. T: Oklahoma City. 1: Otterbelm, Ind..
1; Philadelphia, a: Flttabura. S: fortland.
:: Red Lodsr. Mont- 1: Ft. Faul, 2: Baa
blefs. 2; F.attl. ; Sheldon. N. D. 1; Ta
coma. 2: Toronto. 2: Tucson. 1: Vancouver,
Wash.. 1. Winnipeg. 1: Tounretowa. 1.
Market conditions In the Cast as reported
New York Arrivals, carlot. Virginia 10,
West Virginia 4. Pennsylvania 3. New Tork
19. Maine 4. Washington 11. Oregon 1.
Demand good for stock, market fair, boxes
North area torn estra fancy Romas, large,
1173. few hlaher; medium. 12.002.73:
email. 12-1303.33. Eitra fancy Delicious,
fpltsenhenrm. large. f2.73ejt.tlO: medium ta
large. Z3i2.73: small. 1 2 1 S 1 2. Auc
tloa price tioxea, quality and condition
poor. Waahtnrtoa Delicious. t.4uil.S0
rttisburg Arrtrala, carlot. Virginia 1.
Washington 2. New Tork T. No sales re
ported. Yesterday's sales Jobbing prices,
demand and movement moderate, market
steady, boxes extra fancy and fancy New-
towna. medium to large. 1X1002.33: extra
fancy Winter Bananas, msdlum to large.
12. 23 0 2. T6 : fancy Fpttsenborga. 12.25 & 2.40;
extra fancy Dellcloua. medium to large.
I2.S0C37S: em-ll. 12.392.30.
Boston No freea carlot axriva'a. Demand
and movement slow. Boxes Washington,
sales from a to rax a. extra fancy etaymans.
medium. 1200; extra fancy Spltirnbrrga. all
stses I1.WC17J. extra fancy Dell-loua. all
si sea. 1X30 0 2.70. Auction prices. Washing
ton extra fancy Wlneaapa. large. 1X000 X1'3;
medium. IX0AOX20: small. 11.730X10.
Chicago y.rrlvala. carlot. Washington S.
anknowa 1: 1 cara an track. Including
broken sad unbroken. Demand active,
movement good, market steady. Jobbing
prices, boxea extra fancy Jonathans, medium
to large. 11.730 2.10; choice to fancy, small
to medium. fl.SOOl.kS: Extra fancy Dell-
clous, large. 12.73 8 3.00: choice to fancy.
medium to large, 1X15 0 '.oA. Kxtra fancy
Spltaeaborga. Romeo, medium to large. 12.00
VXSO: choice ta fancy. I1.73OX10. Extra
Cancy Jonathans, medium to large. 31.73
110: choice to fancy, fl.301.W; Winter
Permalns. msdlum to large, extra fancy.
1X009X23: choice to fancy. ILS092.00.
PROFIT IS LUTED
Extreme Prices for Millfeed
NOTICE SENT TO MILLERS
Only Very Reasonable Advance Over
Actual Cost of Feed Will Be Al
lowed Food Administrator
Seta $2 Maximum Increase.
Tha food administrator for Oregoa haa
fixed 12 a ton as tha maximum profit on
resalea of millfeed. A bulletin Issued yeatar-
Oay by T. B. Wilcox, chairman of the North
Pacific Coast milling division of the Food
"Millers who hsd not segregated their Job
bing and milling business prior to Decsmber
17 may not do so at this time. If prior to
December 17 you had segregated your Job
bing and milling buatnesa. and If you have
been reporting monthly under both a Job
bing license and milling license, yon ara thaa
entitled to sell feed of your, own manufac
ture to your Jobbing deparmient for local
distribution at the maximum prices fixed by
tha milling division circular No. 0 for car
load quantities. Your Jobbing department
can resell thla feed only at a reasonable
profit. Tha Federal food administrator for
each state may specify from time to time
what la a reasonable margin of profit for
Jobbing millfeed. but unless hs hsa specified
the maximum profit or a reaeonabls profit
applicable In your own state, you must be
very careful that your resalea ara at profits
consistent with tha expense and Investment
In your Jobbing department.
Millfeed which the miller- Johber buys
and ships In for resale may be sold only at
reasonable advance over the actual cost
of the feed. For your Information the Fed
era food administrator for Oregon haa de
termined that 32 per ton Is the maximum
profit which he will consider a reaeonabls
profit for reselling millfeed the 2 to cover
profit and cost of delivery In the Immediate
Mllla which had not aegregated their
Jobbing and milling business prior to Decem
ber 17 must sell feed at their mill door In
leas thaa carload lota at a price not to ex
ceed 60 cants per ton over the carload price,
regardless of whether they sell one bag or
any othsr amount less than a carload.
ai r.ilppe.1 January 1 to 24: CM
4ns week: tc) season ta data: td last sea
son to January 14.
im aistrwuting aantsra for tha moot
part remain steady, with approximately the
same price laree as last week. la the
oathwest markets Idaho Russets ara re
ported as bringing from I1S3 ta I2.SO. with
a good movement and firm market. In Den
ver tba market has strengthened and tha
prices have advanced. Ureeley District
Whirea ara reported at It 65 9 I 73; Western
aiopa Red McCSurea. tl.nntH.as. and Bur
banks at 11.900X10. sacked per est. la
am ail lots. New Orleans prices ara about
the same, but tha demand lias moderated
somewhat. Bnrbanka ara reported aa Job
bing at I2.3O9XS0 sacked per est Of tha
carlot roaikets. Chicago reports demand and
movement slow, but prices remain about tha
sam. tha general range berng from It 0
to 1X23 sacked par cat At Minneapolis the
market remains steady at 11.900X10 sacked
per eat. la Kansas City tha market has
strensthaoed so that Idauo Russets ara
bringing I1.P0 0X
"Aa estlmats of total stork of potatoes of
tha 1 leading Northern potato stales, in tha
bands of growers smd holders, places tha
amount at H7.BSJ.ooo bushels on January 1
of tftta year, as compared with SW.w4S.0C0
bushels tor the same data last year. This
la an Increase of 14S pr cent over tbe fig
urea of the corresponding date last year;
per cent above thoaa of two years ago;
IS pr cent below those of three years ago.
aad a 14 per cent Increase over tha aver
age amounts oa hand for tha pajt five yearsC
On January 1 tha season's shipments bad
reached 103.S04 carloads, as compared with
1BO 492 cariuads at tbe same time last year.
This Is a reduction of almost one-half, al
though the crop Is estimated to be 40 per
cent larger thaa last year. Aa tha larger
part of tha crop In tha 1W atatee on which
U above ftgoree ara baaed le usually moved
batweea September 1 and May 1. It would
seam to Indicate that the movement must
aaareaes greatly la tha next 10 or 12 weeks
ta ardar ta clear the situation eatlfacterlly.
ENQUIRY rOB OATS 19 B HALLE R
LacwJ Bids Ara ReocaO ta Kplte an Higher
Tha local demand for feed grains slowed
down yesterday and bids at tha Merchants'
Exchange were reduced all along tha 11a.
Offers for oats were 60 rents to It cheaper
thaa on Friday, notwithstanding markets
were higher la the East. Advices frora Val
ley points wera af moderate stocks of oats
nnsold and as demand. Owing to tha ra
duettoa In feeding, country holders wera
more Inclined to dispose of thslr surplus
stocks. Barley bids wera $101. SO under
thoee ef the day before.
Weather coadltlona la tbe Middle Weet.
aa wired from Chicago: "Minneapolis clear.
12 below. Duluth clear. 20 below. Winnipeg
clear. 12 below. Chicago snowing. 13 above.
Peons cloudy. 22 above. Decatur cloudy.
20 Missouri and Kansas City cloudy. 11
to to. Ohio eloudy. i ta 3 J. bllaaard at
Termlnal receipts, la Sara, wera reported
by the Merchants Exchange as follows:
Wheat Barley Flour Oata T'a
yorr'ana. sal. ....
Year ao 17
Ttlal th.a week. It
Year aso 73
Person to date. 310
Year ago 3144
Tacoma. Friday ll
Tear ago 2
Season to data. 337
Year ag. 47lJ
Yaar sco 1
Seasoa t data. 8X43
Year ago 3:m
CAR SHORTAGE CHECKS ON'IOM TRADE
Shipping Demand for Orrgona Is Good, but
Only Two Cars Seat Oat la Week.
The ear situation la seriously affecting
the Oregon onion trade at a time when
shipments should bo large. A good many
orders ara coming In at currant prices, but
awing to the shortage of cars only two
cara were shipped out In tha past week.
The snlon movement In the East Is also
slow. The Bureau of Markets says in Its
weakiy summary: "Movement continued
light from producing sections, and few
f- a a. sales were reported. Callfornli
shipped 41 cars. Ohio 34 cara. New Tork
23 cara and Massachusetts 2a cars. The
total. 137 cars, was sbout tha same as In
recent weeks Demand In leading markets
was stow to very slow."
HOG filME, WEAKENS
rBJCES ARB AFFECTED BY SEVERE
.... 1 3 1.1
4 34 , 47 M
' 1 31 S4 71
llrt ri7 P-MJ IS:;:
144 1013 l&JO 157
M .... 12 1337
1" .... 244 1413
M lr!4. 0! "14;
JMI;i lvu4 2U73
LOCAL EGG MARKET O.V LOWER BASIS
Colder Weather la East la Eiocrted ta
Cbrck Decline Iters,
There was practically no egg market res-
tern ay. rot only were snipping ardors
lacking, but local buyers also held off.
Holders reduced their ssked prices to 48047
cents, case count, but found no buyers.
i ners may Da some Improvement In the
coming week, however, as colder weather In
tbe Mlddls Weet yesterday caused a cent
advance at Chicago and Fan Francisco.
This la expected st least to check the decline
Tha butter market was a dragging affair.
Country creamery extras were offered at 41
Poultry and dressed meat reoelsta were
smau ana all lines were firm.
FOIRTEEN CARS BENT FROM OREGON
Shipments of Potatoes ta California a
Tha destinations of the latest ah'lnment.
oi potatoes from the Coast were:
From Oregon Shipped January 23. Oak
rw t-'rieans 3. Stockton 3. San
rranolsoo a. Garber X Houston 1. "otal 14.
From Washington Phlpped January 23,
Seattle a. Denver , Chicago 3. Tacoma 8,
Ean Francisco . Fort 'Worth 1. Wichita l
Shipped January M. New Orleans X, Stock
Erora California Shipped January IS.
Belea T. Los Angeles 4. El Paso 4. Oakland
S. Clevis 3. Baksrsfleld X Ftocklon 1. Saa
Frandsce J, Fresno 1, Amarlllo J, Sacra
mento L Boat. Saa Francises ' 22, Oak
T-...1. . Cearinra
IICCm" 44U li.J
"l" I 14M V
for"irri",..' P""1"!- '' and Tacomi
rort jnd fLe,,t, -e -
.I16.7JH.71.1 27.a;'.0l9 13 ll.'s 4. 9
14 a .l.24
I K14.1J J
7'it. i ;4
2. .11. u.'l
4 S il.l'TH
.. 0 22
Cattle of All Grades Continue In
Deanaad at Firm Prices,
sheep. Are Strong.
With the Eastern hog markets down 30
to 30 cents during tha. day, following an
even greater decline the day before, prices
at this end naturally weakened. The day's
salsa at tha yards were light with 315.73 the
best price obtainable. Tbe coming week
may show general swlns decline here unlrss
tne situation in the big Eastorn markets lm
provss. There has been no abatement of the
firmness cf the cattle market, and the
sheep market continues In a healthy condi
tion. Kecelpta were 84 cattle, 2 calves. 804 hogs
and 62 shsrp. bhlppers were F. A. Mar
burg, Wlikesboro, 1 load sheep; G. A. Gour
lay. Harrlaburg 1 load hogs; Tillamook
Farmers' Co-operative Warehouse Company,
Tillamook, 1 load cattle and hogs; J. l.
Dinamore. West ticlo, 1 load cattle and hoga;
J. McKadden, Corvallla. 1 load cattle, calves
cattle and hoga
Tha day's sales were as follows:
Wt. Prlc., Wt. Price.
steers.. 1"0 W.75,,13 hogs. .... ll"J15.73
1 steer... 7f0 8:."i; 1 hu IH'J 15.50
lsteer... 1130 V.- 1 hog O.iO 14.73
2 cows... MI'I 8.IH) 18 UOK3 1-0 I4.5U
lcow.... H'jO 7.50,12 hosa r- l-.0
1 co.... 7t) 4.'Oi 4 hogs SvO 15.73
lcow.... 1"h 8" 1 hog 3.'0 34.7.1
lcow.... 70 5.5032 hugs 230 14.75
1 heifer.. Wlo r.u 2 hugs 170 14. -j
1 bull.... 1210 7.001
tuxtatlona at the yards follows
and plates, exceeds the supply and some
kosher beef Is being received In th market
that was koshsred In another city. The
situation is improving now and If we have
no more bad storms livestock receipts will
probably be sufficient to make normal kill
Philadelphia Due to cara not arriving,
many of which have been on the road two
weeks or more, there has been a short sup
ply of all meats to help meet the demand.
Frosen meats of all kinds were taken frora
- Washington The congssted condition of
the railroads and the severe weather have
caused many cars to be badly delayed: sev
eral cars are still long overdue. Receipts
of all kinds of meats were exceedingly
light. Several houses were without supplies
tha most of tna time. Prices have advanced
from fl to 3 on practically everything.
Boston Most houses are making but lit
tle effort to clean up today on beef and
lambs and Indications are that the carry
over of both will be heavy. A number of
cars lntsnded for this week's business did not
arrlva in time to be placed on sale. The mar
ket on both beet and lamb la In an un
healthy condition. ' Veal is cleaning up In
good shape, pork prices have been shaded
by practically all houses, but the carryover
will bs rather heavy.
New York A number of cars arrived too
late to be placed for unloading for this
week's market. Beef Is going out fairly
steady with a lttle weakness showing on
some of the better grades. The market la
cleaning up nicely at fairly steady prices,
but on account of being frosen in transit
some weakness Is shown today on the clean
up. Lambs are cleaning- up good except tor
the light heavyweights.
Philadelphia The market this wees is
closing with everything that arrived this
morntna cleaned UD. borne notiaes nave
practically no suppiy in them, showing that
retailers also have not a great plenty, inur
ing past weeks the storage rails always had
a supply on them. Some houses are anlosd
Ing csrs Ista this afternoon and all that Is
deslrad to be sold of these will be tsken
up by butchers tomorrow, aa there were
many of the trade looking for stuff today.
Washington Tha market cloyed etrong at
the advanced prices and Is practically bars
of everything. Storage Is very light and
retailers are finding It difficult to get a
sufficient amount of meat to supply their
customsrs. Baltimore. Md.. and Richmond.
Vs.. products are being bought In larger
quantities than usual.
Chicago Livestock Market.
CHICAGO. Jan. 20. Receipts 80.000. dull.
13c under yesterday's average. Bulk of
sales. 116.500 15 75; light, iib.ui o' to- ":
mixed, 15.8 y 15.85; heavy. tlS.SOff 15.00;
rough. 15 an 13.45: pigs. 12.00 4t 14.25.
CsttI- Receipts outni. weaa. .-votive meem.
IS.3OO13.70; etockers and feeders. .239
10.40: cows and heifers. I0.100 11.83: calves,
J tf 00 315.50.
Sheep Receipts 4000, wesK. Werners,
19.75013.40; lambs. 114.50317.30.
RAILS ARE FEATURE
Leading Issues Gain 1 to 2
Points, in Day's Trading.
LOW GRADES ALSO IMPROVE
Speculative Activity In Specialties.
St'eel Records Small Ket Gain at
Close No Session of New
York Exchange Monday.
Omaha Livestock Market.
OMAHA, Jon. 2fl. Hogs Receipts 10.000.
market steady. 1013o lower. Heavy. 115.00
O10.OO: mixed. Sl.n.1JS.U0: light. 31S.O0
'il I6.i": pigs, llu.UOV15.00; bulk of sales,
Cattle Keeelpts (100. market steady. Na
tive steers. IW.nofc 13.00: cows and heifers,
S7.n0Olo.OO; Western steers. 8.u0e 11.60;
Texas steers, 7.50nf 10.50; cows and heifers.
I7.O0O9-OO; cannera. 10.0097.23; etockers
and feeders, 10.500 11.25; calves. 39.00
1S.OO: bulla, stags, etc.. I0.760w.75.
Sheep Receipts 1000. market steady.
Yearlings. 112.0091.1.00: wethers. Ill.On
l.l.oo; ewes, 310.70 'a 12.25; lambs, 16.750
Grain aC San Francisco.
RAX FRANCISCO. Jan. 20. Spot quota
tionsfeed barley. I2.02H 8t2.ir; white
cats, sh.ios.13; bran. J1 gas; middlings,
41 BOtf 42.50; shorts. 353r.
Call board Hurley, May, Did.
Duluth Linseed Slarket.
DITLTJTH. Jan. M. Linseed. IS.639S68;
NEW TORK. Jan. 28. With next Mon
day's enforced holiday In mind and tha pos
sibility of many happening over that period,
today's stock maraet sestson was little more
Foremost Industrials, including the steels,
coppers and shippings, were variable, with
equipments, st the outset, but the list soon
hardened on a resumption of yesterday s In-
aulry tor rails.
Transcontinental .notably Union Paclfio
and Canadian Pacific, registered extreme
advances of 1 to 2 points, low grade coalers
Profeslsonal activity was again observed
In specialties, such aa Industrial Alcohol,
General motors, Studebaker and some of the
United States tileel sold over and under
Its final quotatloD of the previous day. fln
Ishrng at a small fractional gain. Sales
amounted to 240,000 shares.
Noteworthy changes were shown by the
bank statement, actual loans increasing
about 178,000 000, reserves of th members
in the Ftdural Reserve Bank expanding al
most 31,0O0,000. with a gain of S2U.0OO,lH0
in excess reserves.
The bona market was devoid of Interest
except for the low records made by liberty
Issues. T.ie 84s fall to 67.04 and first 4a
to 00.C0, both new mlnimwms, while the
second 4s ranged betweon U&U0 and ya.-li.
Total sales, par value. agKregated x.-sa.uuu.
United States bonds, old Issues, wars un
changed during tha week.
CLOSING STOCK QUOTATIONS.
January. 31.G2 bid; May. ,3.60ft asked
13.46; October, 13.16 bid.
Dried Fruit at New Tork.
NEW TORK. Jan. 26. Evaporated apples.
OATS. RISE IS CHECKED
GOVERNMENT MAY ESTABLISH
110 35 11.00
U.35 li lu.35
7 75 1c .3
6. jo if 7.
J.U0B 6 00
6. (mi a 7.50
15.73 a 10.00
13. TAW 14.50
...13 0015 50
...14 .Ml 3 15.00
.. 12 30'. 13.00
. . lO.uOtf 11.00
DESTINATIONS OF STOCK LOADED
6hlpmenta Kg Route to Leading Livestock
Markets of Country.
Destinations of livestock loaded January
3. Carloads reported west of Allegheny
3tountans; double decks counted as two
cars.) rteporteu oy the bureau ox Markets.
Cattle. Horaea. Mxd
csites ilogs sheep mules clock.
Msdlum to choir steers.
Oood to medium steers
Common to good ftteere .......
Choice cows and heifers
Coin, to good cows and heifers.
blockers and fecdera
Wesiarn lambs .........
PORTLAND MARKET QUOTATIONS
Crala. Feed. Floor. Etc,
Merchants' r.xchanga. noon session.
AMERICAN nH irmi IS LARCKR
Cald atsrago Holding Pa Csat Greater
Thaa Vea Ago.
Ta monthly report of fas bureau of
markers show storasa holdings of fish oa
Jsnuary IS ae follows:
T ITT .nre-a r-o- rinw.d
Farmers! Save Your Feed!
Market Your Beef Now!
The market I firm. Fhip to na. Sat
isfactory reaalta ara a ran teed.
Henrr Teal Wanted. Wa guarantee
12-Kc per lb. for good stock if not
over 300 Iba.
Fairy Light Veal 1TH-Ie pr lb.
Faary Black Hogs 1-1H per la,
liens aad prtass I--r4e per lb.
Na easaBBlaalsm charged. Prwaspt r
fajraa. Hi don't want yaar goods aaleaa
Text ara entirely aatlafled with air
Do It now. Mark your shipment.
T1TC SAVIXAR CO. IXC
Capital $19,000. 104) Frsat Street.
No. 2 whit feed....
btanuard A brewing.
t lhlrts aaa-i
taatorn cats and corn In bw Ilk .'
No. a whit
Thlrty-aight-pound clipped whit
No. 3 yellow
No. 3 mixed
Bid. Tr. ago.
I'. 1.50 350
vt nr. a i Bulk basis Portland for No. 1
grails: Hard whits Bluealem. Karly Bart.
Allen, (lalgains, Martin Amber, 32.03. Boft
whit PaUtus hluestem. forty-fold. Whit
Valley. Uold Colo, Whit Russian S" 03.
W hit club Little club. Jenkins cluh. white
hybrids. Sonora. I2.UL Red Walla Red
Russian, red hybrids. Jonas fir. Cop pel
Sl.BS. No. 2 grade. 8c less. No. S grade 6o
leas. Other grades handled by sample.
FLOUR Patents. 310; Valley, n.eu; whole
wheat. no: graham. 19.20.
MILLFEED Net mill prices car lots:
Bran. 130 par ton: shorts. SI J per ton;
middlings. S3: mixed cars and less than
carloads. 50c mor: rolled barley. SOOviriA
rolled oata. 164.
CORN Whole. 171: cracked. 17s per ton.
HAV Buying price, f. o, b. Portland:
Eastern Oregon timothy. 127 per ton: Val
ley timothy, I24C2S; alfalfa. 122.60; Valley
grain bay. 1 22; clover. le; straw. IS.
Atlanta 8 .... s ....
Auatlu. Minn 20 .... ,
Kaltlmore S 10 2 .... 3
Huston tt 10 ....
Buffalo 25 21 14 .... 38
Cedar Rapids.. 2 88 .... 2 ....
Chicago SU0 424 131 2U 23
Cincinnati .... 0 17 .... 1 2
Cleveland ..... 6 83 2
Cudahv. Wis. ...... 24 .... .... ....
Denver ....... S 8 10
Detroit 2 H 11
K. St. Louis.... 60 SO S 28 t
Kvanavlll. .... 8 7 2
Fort Worth.... 14 18 .... 3 1
Indianapolis ..' 17 VI 7
Jersey City.... 1 14 5
Ksnsas City... 107 140 02 S 10
Los Angeles.... 18 4 14 1 ....
l.nuleviiie 11 13 .... .... T
?.waukee .... 4 8 7
.Neoraaka City 15
New Vork 61 62 ' 23 11
tigden 5 1 .... .... ....
Ok.ahoma City. 37 8 6 1
Umaha 120 144 3 .... 13
tttumwa 11 15 .... .... ....
Peoria .... In .... .... ....
Philadelphia .. 12 10 2 -.
I'lusuurg IS 52 C 1 2
Portland. Or. .. 3 2 .... .... 1
St. Joeeph 20 0.1 2 1 11
8t. Paul 44 M 4D
fin Francisco. . Id 6 16 .... ....
hloux City 40 Oti 2 1 8
Sioux Fails.... 4 0
Spokane 8 4 .... ....
Wublta 8 10 .... 1 3
Various 338 111 00 100 4
Totals .v 1371 1774 4.10 214 231
One week ao.i:il7 1H.13 US lrtu 107
Four w'ks ago. V43 1500 331 144 188
Stat origins of livestock loaded Janu
California 1 1 ....
Oregon 2 1 .... .... 1
Totals S 3 .... .... 1
one week ago 6 .... 2
Four w'ks aio S .... 2 1
Corn Prices Higher at Chlcajro, aa New
Storms Threaten ta Hamper
CHICAGO, Jan, 26. New storms which
threatened to hamper railroad traffto had
Strengthening effect today on the corn
market. Prices closed unsettled Vic to "4 9
So net higher, with March 1.26 and May
:31.25- oata nnianea to 10 up.
Provialons sained 12 to 32c.
Demand, however, was not aggressive, and
week-end adjustment of trade led to a little
easing back of the market during the last
half of the session.
Oats Jumped to the highest prices yet this
season. Th treason was that the market
had becom virtually bare of offerings. On
the bulge, though, profit-taking by holders
set In and there were rumors that the Gov
ernment would establish a maximum limit
Buying on th part of influential traders
hoisted provisions. The fact that hog prices
hsd reaohed the minimum set by th Food
Administration acted as a handicap on sell
Leading futures ranged aa follows!
Open. High. Low. Close.
March 31.26 31.26 1.2(l 1.2o
May 1.23 1.25 Vx 1.23 1.25
One week ago.
Four w'ks ago.
Eastern Meat Trade Conditions.
Weekly report on meat trade conditions
for week ending January 23. General mar
Boston The anticipated shortage of sup
plies of th present week did not materialise
and while receipts have not been heavy,
they have been ample to meet ail the re
quirementa with practically all houses well
stocked todsy. Jobbers and hotel supply
houses hsve not bought freely having a suf
ficient quantity on hand to carry them for
several days The week has been one of un
usual dullness, both from a retail and whole
. New York ?srs of both livestock and
meats are still running late and the trad
ing la so quiet that supplies have been ade
quate except In tha kosher market. Since
local slaughter Is running far below normal
tha demand, especially for kosher chucks
January ...24.63 . 14.73
May 24.83 23.05
January ...28.73 23.80 28.73
May 24. .K i.M Z4.Z4
Cash prices wer as follows;
Corn Nos. 2 and S ysllow, nominal; No. 4
O.ita No. 3 whit. Bo'i OBttc; standard.
Itye No. 2. nominal.
Barley J1.40ii, 1.62.
Lard 124 o.
labs 123.30 9 34.03.
CORN MOVEMENT STILL BACKWARD
With Limited Arrivals, Prices Advance)
fcleadliy at Chicago.
CHICAGO. Jan. 20. Corn has risen In
due this week, forced upward largely by
the fact t.iat tha crop movement, although
Improved, did not become as brisk as a
majority of traders had looked for. Com
pared with a week ago. the market this
morning was hi to He higher. Oata showed
gains of H to 2 HO 2 He. The result in pro
visions varied from 47o decline to a rise -of
Despite evidence of material progress rn
clearing up railroad congestion, hope of
liberal arrivals of corn gave way to disap
pointment after Monday and Tuesday. Se
vere Winter conditions curbed the activities
of the railroads, fresh complaint of car
acarclty" developed and ther wer reports
that great quantities ot sort corn appeared
likely not to reach terminals In time to
be saved. Gradual tightening of tha market
led to an order for complete stoppage of
trade In tha jsnuary delivery and for set
tlements Instead at the maximum price
limit, 81.29 a bushel. Peace talk eountod
only at Intervals as a bearish factor. '
Liberal sales to the seaboard, together
with mesgerness of supplies, lifted oats
above all previous high-price records this
Bl? supplies of hogs mads provisions aver
age lower. Eastern shipping difficulties op
erated also against any general strength
ening of values
Minneapolis Grain Slarket.
MINNEAPOLIS. Jan. 26. Barley, l.ss
F-astern Oats and Cora Markets.
MINNEAPOLIS. Jan. 26. Cash corn. No.
8 yellow, L6ii1.70; No. 2 Montana oata,
KANSAS CITY, Jan. 26. Cash oorn, No.
4 white. 11 COl.65; oats. No. 2 white, 80c;
No. 8. 85V4Sc.
ST. "LOUI8. Jan. 26. Corn closed. May.
J1.25 bid; oats. May, SOVaa bid.
MINNEAPOLIS, Jan, 26. Oats closed
May, 78 lift
WINNIPEO. Jan. 26. Oats closed May
new, 86H0 bid: July. 84o bid: cssh oata!
No. 2 whit, 88 Ho; No, S white, 639,0,
Am Beet Sugar..
Am Car & Fdry..
Am Sm A Rafg. .
Am tsugar Relg..
Am Tel A Tel. .
Am Z L & S
Anaconda Cop. ..
Bait A Ohio
B & S Copper. . ..
Canadian Paclf. .
dies ft Ohio. ...
C'hl Mil & St P...
C R I A V ctfs. . .
Chlno Copper. . ..
Colo Fu & Iron . .
Corn Prod Itafg..
Crucible Steel. . ..
Cuba Cane Sug. ..
Distillers' Secur. .
Gen Electric. . . .
Gl North pfd .
Gt Nor Ore ctfs..
Inspiration Cop. .
Int M M pfd.....
K C Southern. . ..
Kcnnecott Cop. . .
Louis A Nash. . - .
Mexican Petrol ..
Montana Power. .
New York Cent..
N Y N H A H
Norfolk A West.
Northern Paclfio .
Pennsylvania. . .
Pittsburg Coal. . .
Ray Conaol Cop..
Rep Ir & Steel. ..
Shatt Arlx Cop. . .
Union Pacific. . .
U S Ind Alcohol.
U S Steel 4
Wabash pfd B. ..
High. Lo. bid.
77!a 77 77
37 V4 8H Sott
71 Is 70ja 71 V
56 V 5ti 66
Ht 82 k2
103 105 100
10414 104 li 1U4V4
01 61V 011
844 84 84
1U2 10-Vx 1U-V4
ul 50 50)
143 141 i 14 1
.". i" 4 "
43-- 4:i 43
21 a, 2014 2U"
3S' 32 H 32 V,
56 54 n
siu 8's m
.as 87 Va 371,
15 14 15Va
WO 129 12Ui
118 116 117
27 26 H 20
45 "i 45 45
91 Vi 90 Ultt
29 28 28
17 17 17
MORRIS BROTHERS, INC.
Established 25 years.
Railway Exchange Building;,
. GOVERNMENT AND
We have remaining unsold $17,000 of the GOVERNMENT OF THE
PROVINCE OF MANITOBA, 5 BONDS, due October 1, 1920, out of
a total subscription of $400,000. These bonds are a direct lien on
the entire Province, which has an assessed valuation of $505,000,000 '
arfd a net debt of $20,000,000. These bonds we are offering at 96.975
and accrued interest to yield 6
We are also offering $82,000 GREATER WINNIPEG WATER
DISTRICT 5 GOLD BONDS, due February 1, 1923, at price of
92.68, and accrued interest, yielding 634. These bonds are a lien
against the entire city of Winnipeg and its more important suburbs,
and we consider them an unusually attractive investment.
(Both of the above securities are exempt from all Canadian taxes.)
We are also offering the unsold portion of the CITY OF TILLA
MOOK, OREGON, 6 IMPROVEMENT BONDS, recently purchased
by us, maturing serially from 1918 to 1927 on a 5.40 basis, which is
an unusually attractive yield for a bond of this character. These
bonds are exempt from all Government taxes.
r Circulars furnished upon request. -
' Telephone Main 3409.
400 27 20
8,200 !l 8V4
400 82 32
700 22 22
"n66 "is 'is'
600 70 70
"'aoo 103 it 103
"soo -ie 49
"266 "ssh ti
8,300 73 72
1,500 .. 75 75
"SOO 'HM S2
SOO 23 23
4.000 51 60
1.000 150 14ft
2,400 114 lltt
. 300 HIM, us
12,700 91 80
"766 'si" 'si
Total sales for the day. 240.000 shares.
TJSref2s reg.. 06I4TJorth Pao 4s...
do coupon... " J" " '
U 3 Ss reg P ao l
a on ft9 Penn con 4!4s.
tj a 4s reg. . . .'104 Ulnlon Pac 4s...
do coupon. ..104ln S Bteel Bs 1
Atch gen 4s... 84 Koutn I'ac cv M
n R G ref Ks 60 Anglo-? rench 6s
N Y Cen deb 8 88 (J S Liberty Sa 87.84
Boston Stock Market.
BOSTON. Ja-n, 26. Closing quotations
Allouex 61 JMplsslng Mines.
Arizona Com 72 rvortn uutte....
Calumet et Arlx. 64 Old Dominion...
Calumet & Heo.436 Osceola
Centennial 18;Qulncy ,
Copper R O Co. 4V4IShannon
Vj rlUtte tOP St. I T Idliym iu
Franklin 4 Sup & Boston M.
Isle Hoy (Cop).. 21 TTtah Con
Kerr Lake. ..... 6 Winona
Lake Copper 6 Wolverln
Mohawk 69 I
Money, Exchange, Etc
NRW TORK, Jan. 26. Mercantile paper.
ruau ner cent.
Sterling. 80-day dims. x4.y; commercial
60-dav hills on banks. 14.71: commercial
OU-day blila, 4.71: demand. 4.75; cables,
84.76 7-16. . Francs, demana. o.lj; cablea.
5 70. Guilders, demand, 43; cables.
Liras. demand. 8.47; cables. 46. Rubles, de
mand, 13: cables. 13.
Bar silver, 87 c.
Mexican dollars. flSo.
Government bonds, easy; railroad bonds
LONDON, Jan. 29. Bar sliver, 48 d per
Money. 8 per. cent.
Discount rates, short bills, 4 1-S2 per cent;
thre months' bills. 4 1-16 per cent.
FUEL RESTRICTION MARKET FACTOR
Railroad Bill Regarded More Favorably
Than First Plan Proposed.
NEW YORK, Jan. 26. The financial com
munity this week continued to adjust Itself
to the stringent conditions created by tha
Government's fuel regulations.
Another Important market factor was the
speech of the German Chancellor In respect
to peace torma. Foreign news suggesting
divergency In the peace views of the Aus
trian and German governments also was a
factor. Considerable attention was devoted
to the railroad bill urged upon Congress by
the Secretary of the Treasury as a prelimi
nary to the flotation of a 810.000.000.000 loan
before tha end of the fiscal year. In detail
the proposed legislation seems far more ad
vantageous to the railroads than the original
Opposition to Government ownership of
the transportation companies, as voiced by
Secretary MrAdoo, and the need of estab
lishing a $500,000,000 fund to provide work
ing capital. Imparted new and more favor
able aspect to th railroad situation,
strengthening those securities .
Little improvement was reported In the
Keen Interest was manifested In next
Tuesday's meeting of th United States Steel
directors Action on the common dividend
for the last quarter of 1917 will then be
taken and earnings for that period, rounding
out the year, will be published.
Call money was easier and In mor abun
dant supply than at any time since the
flurry of last month, but time funds are ex
pected to remain scarce pending announce
ment of the terms of the next liberty loan.
WEEK'S GOLD RESERVES DECREASE
Heavy Withdrawals of Government Deposits
From Reserve Bankn.
WASHINGTON, Jan. 26. Heavy with
drawals of Government deposits and a sub
stantial Increase In member bank reserve
deposits are shown in this week's Federal
reserve board statement, issued tonight at
the close of business last nleht. Aggregate
gold reserves decreased about- 83,000,000
within th laat week aad Federal reserve
MINED and MANUFACTURED in the NORTHWEST
Endorsed by the Oregon Agricultural College. Place
your order now, while quick delivery is possible and
before advance in freight rates becomes effective.
UNION MEAT CO.
NORTH l'OKTLAND, OR.
I IMS.'.'J' WW BIS
Ti'iiIi irt sail iv ir 1 a il
notes in circulation fell off $3,863,000.
Gold coin and certificates In
vault $ 472.1
Gold settlement, fund, f ederal
Gold with foreign agencies....
Total gold held by banks
Gold with Federal reserve
Gold redemption fund
Total gold reserves $1,720,507,000
Legal tender, notes, silver, etc. $ 56,252,000
Bills discounted for members
and Federal reserve banks... $ 627.662.000
Bills bought in open market... 273.912,000
Total bills on hand $ 901.674,000
United State Government long-
term securities oo,52a,ouo
United . States Government
short-term securities 72.600,000
All other earning assets 4.902.000
Total earning assets $1,029,670,000
Due from other Federal re
serve banks net $
Total deduction from gross
Five per cent redemption fund
against Federal reserve bank
All other resources, same
Total resources $3,169,375,000
Capital paid in $ 72.4r.fl.000
Government deposits 135.BD1.000
Due to members' reserve acct.. l,4so,T43.noo
Collection Items 194.95o.ooo
Other deposits. Including for
eign government credits oi.uon.uuu
Total gross deposits $1,849,086,000
Federal reserve notes In actual
Federal reserve notes in circu
lation, net liability e.ouu.uo
All other liabilities S, 82,ooo
very small amount of business passing.
Among the sales In the past week was the
Seaman & Grim lot of 51 bales at Mount1
Angel at 18 cents, the Hoge lot of 48 bales
at the same place at 17 cents and the
Schmidt lot of 38 bales at Beaverton at 17
Chicago Dairy Produce.
CHICAGO. Jan. 26. Butter Unchanged.
Eggs, higher. Receipts, 8K0 cases; flrsts.
5859c; ordinary flrsts, fi8ft5a; at mark,
cases Included, 6057o; refrigerator firsts.
43 44c , ,.!
Total liabilities '. $3,109,375,000
Ratio of gold reserves to net deposits and
Federal reserve note liabilities combined,
63.3 per cent.
Ratio of total reserves to net uepoaii. mm
Federal reserve nolo liabilities coluDlnea,
65.4 per cent.
COFFEE FCTCBES AT HIGH lifcCOKU
Best Prices of Season Are Scored In the
New xora Maraec.
NEW YORK. Jan. 26. There was enough
realizing to cause some Irregularity In the
arket for collee futures at tne opening 10-
,i,v hut interest still seemed to be broaden-
in, and there were advances later which
established new high records for the sea
son. First prices were 7 points lower to 8
polnta higher with 1st months relatively
steady, and the active months sold about T
to 12 points above last nights closing tig
ures later In the morning. May rallied
from 8 07 to 9.08 and September from 9.87
to 9.50. The close was within a point or
two of th best at a net advance of 6 to 10
points. Closing bids: January, .o; Marcn,
8 K4c: May. 9.07c: July. 9.30c; September,
o Afta- October. 9.66c: December, 9.68c
Spot coffee was quiet, put iirmiy neia it
9c for Rio 7s and 11c for Santos 4s. It Is
reported that sales have been made In the
r1 of coffees afloat at prices on the
basis of March futures and below the May
basis. Santos 4s were reported otieren in
he cost and freight market at aiu.au. Lon
Owing to the holiday mere were no oi-
flclal quotations from Santos. The rtlo
market was unchanged, but Rio exchange
on London was l-82d lower. Brazilian port
receipts. 63,000 bags.
SAN FRANCISCO PKODCCK MARKET
Prices Current on Eggs, Vegetables, Fresh
Fruit. Ktc, at Bay City.
SAN FRANCISCO. Jan. 26. Butter Ex
tra. 53 56 C : prime firsts, 6H52c
Eggs Fresh extras, oso; iresn extra pui-
lets. 53 c .
Cheeea New firsts not quoteu; loung
Poultry Hens. 2931c; roosters. 1618c:
ryers, 2o32c; broilers, suv-joc; squaus, d
&S.60: pigeons, fl.60fl.7a; geese, lsnniuc;
turkeys, hens 33 35c
v.ui)iMi souash- cream 75c3$l: hub-
bard, U0c$l; eggplant. 81 10c: peppers, bail,
10frl2c; peas. 7'a9c; tomatoes, $1.3691.60;
lettuce, $1256 1.75; celery, $2!2.50; po-
stoes, Salinas $2.50fz. (O sacK, sweei j. iai
onions. Australian brown li'O game
BSc: cucumbers, aioo.o, uvuub. ihius
12'&17c; lima, 1012c: pumpkins. $1;
arrots, buccal; uwb. u"
?f85c; rhubarb. si'tf--. .
i.ir. p.ir Winter Nellis. $2.60:
rawberrles, $79; lemons, $5.6i36: graps-
fruit. $2.75'3.&o: oranges, aoxfa.ou; van-
arinca 1 '1 no Hi) d. Zo I pineapples. xiawaiian
H5WB: apples. Bellefleur. $11.25; Newtown
Pippin. Il.iavi.; onvea, otfiiu.
Hay Wheat ana wneai anu qui,
me oat, HiZl.ov; uariujr, i i,u. al
falfa, $2427; barley straw, 60oc
Millfeed Cracked corn ana teea corn
meals. $776 80; alfalfa meal, $373B; cocoa-
ut meal, $44.50 for 20 ana xu-ion iota.
Flour $10.80 per oarrei.
Receipts Flour 8450 quarters, barley 8085
centals, potatoes 8055 sacks, hay S-'o tons,
hides 138. wine 88.200 gallons.
Vegetable Prices Are Firmer.
Finn prices prevail in the vegetable "mar
ket and can be expected lor some time.
abbage and cauliflower are quoted higher
because of the strong demand in California
from the East. Sprouts are again coming
on th tnarkat and ara quoted at j2 cents.
Another car of Mexican tomatoes is due
tha latter part of the week.
SAVANNAH, Ga Jan. 26. Turpentine,
dull, 42c Sales, none; receipts, 97 barrels;
shipments, 80S barrels; stock, 25,720 barrels.
iiosin, firm. Sales, 1157 barrels; receipts,
393 barrels; shipments, 614 barrels; stock,
90.194 barrels Quote: B, D, E. F, G, H,
6.0o6.10; I, $6.0596.15: K. $0.60; M, $6.80;
N, $7.20; WO, $7.40: WW. $7.60.
There are unusual
to purchase some of the
Bonds and Notes
because of the very liberal
income returns to be ob- -.
tained from such invest
ments. Circulars on request.
Lumbercens Trust Company
Capital and Surplus, $000,000.
Fifth near Stark
Ship Your Cream to Us
AVE PAY CASH
Sweet Cream, 60c lb. liutterfat
Sour Crea-n, 58c lb. Butterfat
281 First Street
Brokers. Storks, Ronds. Cottsav
Zie-SU BOAUO OF TUAUK BLDCL
Correspondent of Logan a Bryaa
Chicago aad Naw York
New Tork Stock Fxchang
Cuirago Htock Kirbange
Boaton Stack Exchange
4'iiicago Uoarrl of Trade
New York Cotton Exchang
New Orlewue Cotton Exchange
New Vork Coffee Exchange
New York Produce Kxchaug
Liverpool Cotton Aaa'o.
Independent S. S. Co.
Ftrst-CIas-i Meal and Berth
S. S. BREAKWATER
Sailing 6 P. M, Monday, Jan. 23
Coliimliln Dock No. 1, Near
Tickets lor Sale at Dock and 124
H Third Street.
13 Phones. Broadway 520, A 6422.
Third St. Main
kalnu. Skagway. Cordova. value.
Seward and Anchorage.
via Seattle or San r'ranclsco to Lea
Angelea and Bar. Ulego direct. Largest
ahlps. unequaled service, low rates in
cluding banu and meala Mak reservations
Honoiutu, fiuva, Nw Z9AUs
Kejrufnr ttaillna,- tram Vancouver, n. C. try
the Palatial riuu3fijcer Stemni-ni of tti
CanadiaJi-AuHtraliuD Royal Mail Line.
, Hops fiteadx and Quiet. rwr " T.7"r . , . , .
Th. hop market i holding ateady with a eBt- io bejmuui bt awuver, li. U