17
THE SUNDAY OltEGONIAX, TORTLAXD, JANUARY 8. 1933
ore pice
L
SALES
EXPORT
TRAD
Wheat Cargoes. Not in De
' mand at Present Time.
EUROPE IS BUYING LITTLE
I'aiMners In rort Invent Show More
Inclination to Sell Thirty-Five
Per Cent of Crop on Hand.
Wheat bids wcro 1 & 1 cents higher at
the Merchants Exchange yesterday. In line
With the advance in eastern markets.
There Was a little more selling by farm
era than was the case earlier in the week,
though no large lots were offered at any
point. When the slump occurred recently,
offerings In the country practically ceased,
but since the market steadied Itself, buy
era are finding It easier to operate.
A limited amount of business with Eu
rope is being done, but it Is confined to
mall parcel lots and no opportunity has
presented itself yet to work cargo sales.
There Is no wheat trading with the orient.
vAn occasional Inquiry comes from Japan,
but when the Japanese get a price that
ends It. Export flour trade in also slack.
Grain men here estimate that about 33
per cent of the crop in the Pacific north
west Is still unsold. After taking out feed
requirements for the remainder of the
season, it would leave about 15,000, 00U
bushels of wheat to be exported. At the
rate it has been going out recently It looks
as If the carry-over Into next season would
be larger than usual.
Export- trade In the east is also quiet, ac
cording t' advices received during the day,
which re to the effect that Argentine
wheat i being offered cheaper than
Americans
Terminal receipts. In cars, were reported
by the Merchants Exchange an follows:
Fort land
Whal Barley Klour OhIh Hay
ra? urasy
Yfr Mfin. . .
S"n to iiat.
Yenr ajro...
Seattle
Friday . . . .
Ypht hr'i. . .
Hf'n t- date.
Yt'u r Htro . . .
Thooiiih
KrlHay
Yhk HK'I. . .
St'n In intr .
Year hro . . .
park of Hritlsh Columbia for V.KI totaled!
VS.r.49caes. for which the sum of $0,000.-
'Hnf was realized. One hundred and twenty
thousand ms of pinks still remain to be
sold. ' Krn- aborbrti a larne proportion
of th 1!2,1H1 ru? of pinks and Great
Britain pun hased more than half of the
sockey pack or imt.H1 4 rapes, leavln
about 7.".0Oo rass for Canadian consump
tion. Th pB4 k comprise 1ut!.90tl raas of
pink, IhVt.ttU ookev UT.'JN echoes. 71.
4 OS chum, np rings. 70H) blue backs
ana liu steelhsds.
New Crop Peunats lue.
The first delivery,, of new crop China
peanuts la expsetsd on Monday or lues
day. High-grade Virginia peanuts, of
new crop, are due to reach Portland about
January 20.
YEAR STARTS WITH
BUSB1HG
2t.50
'J6.M
PORTLAND MARKET QtOTATIOXB
iiratn. Hour, Feed. Etc.
Merchants' Exchange, noon session:
Hid
Wheat Jan. Fel).
Hard white .77. S l."T H "
Soft white l.tii 1.06V4
White c ub l.l' l.C'UVi
Hard winter 1.7 1.07
Northern spring 1.05 l n"
lted Wallti 1.01 1.01
Oat.
No. ! white feed J.."iO
No. 2 Gray 20.00
Barley
Br.win.ir 26.50
Corn
No. 3 K. V. shipment SS.OO ' 23 (V
No. 3 K. Y. shipment 23.00 23 00
FLOL'R Family patonts. 7 per barrel,
whole wheat, fl.i!v: araham. $; bakers'
hard wheat, ftt.ttO: bakers' hluestem pat
ents, Jti.40; valley soil. wheat, S5.43;
straichtg. $.r.25.
MIL.LFEBD Price f. o. b. mill: Mill
run, ton lots. $21; mixed cars. $20 per ton:
middlings. $34; rolled barley. 13463H;
rolled oats. $3; scratch feed. $43 per ton.
CORN White. $33; cracked, $35 per
ton.
HAT Buying price t. o. b. Portland
Alfalfa. $14.60 per ton; cheat. $10.o0ll;
eat and vetch. $14.r015; clover. $114(12;
valley timothy, 414&15; eastern Oregon
timothy. $1UH7.
Dairy and Country 1'roduce.
BUTTER Cubes, sxtras, nominal;
parenment wrapped, box lots, 30c; cartons,
40c. , Butterfut buymir prices: No. J grade
otl'fl'IlSr, delivered Portland.
EGO a Buying price. 30c: jobbing prices,
case count, 32 'ri' 33c : candled ran:h. 341
3.1c; association firsts, 3"c: association e
lects. 37c; association pullets, 33c.
'.'HSti.SB Tillamook triplets, price to
Jobbers f. o. b. Tillamook, 2lic; Young
Americas. 27c pound.
POULTRY Hens, lS026c: springs. 20
21o: ducks. 22l2ric: gei-se, 2uc; turkeys
live, nominal; dressed. 353-Sc.
PORK Fancy, 12c pel pound.
ViAL Fancy, 1 .") $f 1 . c per pound.
Investment Activity Feature
of 1922 Opening.
STOCK DECLINE DEVELOPS
Low Money Kates Prevailing to
lie Kxpected at Thin Time of Year.
Wall Street Is Optimistic.
o.;,i!i
(. i J I
i'.t
i
:.. 4;:.
.t.im.i
i'
7.H0M
3. OK 7
i
13.'.
17.1
I
7S
4i
4
J3.V.
Kill
I .IN I
4
10'JS
S
1
1017
ft
AI'IM.KS MOVING AT KKf.lI.AK PICK 'KM
All (.nulPK Ar uw h riling In l.wnl
Market.
Th lot ai Hppifi . market at the ciose of
the wppU was Hteady will) a fair demand
Cor n'l kthiIih; rfo cariol busine whs re
ported nt inUrior points. 0
Tho 4HHtfi-ii murk el s wer-; quirt but as
a rule t curly. Oregon Spit sen he rs nt
the Chlcujco Huctlon brought J 404? 2.6T3
Tor extra. fn:icy. suiall to iirce sizes.
Boxed apples sold to New fork Jobbers
at th following rsng-e: Newtowns. extra
fancy to very larje. 133.23, mostly $3.
small to tiu'dium '2. MfQ ;2.73. fancy larg;e
to very large $2.00(2.75, niuall to medium
Tnotly $2.1V. C frrade all sizes $2 2.23;
Winesans, extra fancy large to very lanre
J2.734J3. small to medium $2.302.t5,
fancy medium to lanre $2.2.ifr'2.50. C
grade M ftfxe $2.102.23; .spitzenberrs,
extra fancy large to very lanre $33 25. 1
few $3.5U, small to medium ?2.73iT 2.10.
Reviewing the general apple situation, 1
the bureau of markets says:
"Washington has shipped over one-half
the boxed ap-pler and over one-third of
all apple shipments. Idaho this season
ranks second, followed by Oregon and
California. The commercial crop of Wash
ington was 7.JV33.O0O barrel out of the
estimated total boxed apple crop of 12.
365,000 barrels. Shipments were 24.320
cars out of a total of 43.335 cars from
the box apple states. Stocks of boxed
apples in cold storage are about the ttame
as those of barreled stock. PriceH of
boxed apples average about the same us
a month ago. Kxtra fancy boxed Jona
thans ranged $2.M) to Z.Ho compared with
$2.23 to 13.25 the middle of November.
Barreled app-le hsve eased off Hiightly
from the extreme top prices in November,
but best grades of Baldwins bring to
compared with $7 to H t he preceding
month and Greenings $0 to $!).;( compared
with S to $10.50. Baldwins from cold
storage in western New York sell at $7 '
KrulM and Vegetable.
I, oral lobbfng quotations:
FRUITS Navel oranges, $4.10 a 7 box;
lemon. $4 i.vjH; graperrutt, $4fc7 per box;
bananas, M'&Oc pr-r pound; apples, $l(g3.75
per box: p-nr.i, $ 1. 1 A per box; vran-bcrr-,
eHHfrn, $20 pr barrel.
POTATOES Oregon. $l.MJ&t.73 per
hundred ; Yakima, $2 Jj2.-i!5 per hundred .
sweet potatoes, 5'-2 rn oc per pound; Nancy
Hall, $2 30 per crate.
ONIONS Yellow. .. per hundred.
VWIETA BIKri Cahbuge. 2' 3 llr per
pound ; lettuce, $4 fn 4.51 crate ; carrolf.
$2 per sack; garlic, 13o per pound ;
beets, $2 per sack ; celery, $0 fr 7 per
era te : green pepper. 31 & 33c per pound .
cauliflower. $22.50 p'r crate; squash,
4i'."ic: sprouts. I"4c; turnips. $2 per sack;
parenips, $2f2.50 per sack; tomatoes,
$4.50 per lufer.
' Staple Groceries,
Local jobbing quotations:
SUGAR sack basis) Cane, granulated,
6.80c pound; beet. A. 00c per pound.
NUTS Walnuts, new crop, soft sheU,
23 en) Httc pou r- d ; ra xi I n u tc. 1 H 20c : al
monds. IS fa 27c; peauts, 1214c pound.
RICK Blue Rose. 6M:C per pound: Japan
style. 6c per pound.
COFFEE Roasted, bulk. In drumy18
854fcc per pound.
SALT Granulated. bales. $3.204 03;
half ground, ton. 30m. $17.20; 100s, $16.23.
HONEY omb, new crop. $3.30(0 6 per
case.
DRIED FRUITS Dates. 18W23c per
pound ; figs. $1.40 fa1 3.7 per box ; apples,
10c lb.; peaches, 1 of) 17c; apricots,- 23
20"Ac: prunes. 7frig12c.
BEANS Small, white. Oc; large white,
4c; pink, 6Uc; hayo. OVic; red, Cc.
Hides. Hops, Ktc.
HIDES Salt hides. 3c: salt bulls, 4Q
Tic. ereen bulls, lo les; salt calf. 12c: salt
kip. 7c; salt hor?e hides. $112 each; dry
horse hides. T)ca$l each: dry hides, 9c;
dry cull hides, half price.
PKLTa Dry pens, ihoti.c tiong wood;
Cry short wool pelts, half price; salt pelts,
.'Ocfii $1 each ; dry goat skins, $10 (long
hair): shearlings and short wool skins at
value.
TALLOW No. 1, Atc; No. 2. Zc per
pound.
OA SCAR A BARK Be a pound delivered,
Portland.
HOPS 1H21 crop, 13022c per pound.
WOOL Eastern Oregon. I31?23c per
pound: valley. 12 14c per pound.
MOHAl'l Long staple. 20c; short staple.
;.", pouni". -
I Provisions,
j I. oro' Jobbing quotations:
HAMS All sizes, 27p3Ic: skinned, 27
81c; picnics, L'wc; cottage roll. 24c.
BACON Fancy. 37 (tf 43c; choice, 25
30c; standard, 22f25c.
LARD Pure, tierces, 13V4o pound; com
pressed, tierces. 13c.
DRY SALT Backs, 1821c; plates. 13c
SMALL hKMWD I OK ( IBK Bl TTKK
No Chang In Print Prires Contemplutcd
by Creameries.
No early change in print butter prices
is contemplated by local creamery men,
notwithstanding the weak' condition of
the cube butter market. Receipts of cubes
have been heavy for several days and
untesft an outlet can soon be found, stor
age wiill havo to be resorted to. A fe-w
sales of extras were reported locally at
35 centn and No. 2s at around 33 cent!
but out-of-town buyers could not be in
terested. There were no new developments in the
egg market. The cash buying price held
at 30 cents and selling prices t ranged
from 33 cents on pullets to 37 cents on
selects.
Poultry and dressed meat receipts were
light and both lines closed steady.
ONIONS CLIMB TO PS HLNDRLD
Association hells at If lg bent Priors of
bewton Potatoes Also Firmer.
Onion prices are again inclining strongly
upward. At the close of the week sales
were madu by the Confederated Onion
Orowers at $3 a hundred, the best price
of the season. The markets throughout
the country have recovered from the check
occasioned by the froo movement In the
early part of the winter, and It Is likely
that from now on prices will fully reflect
the shortage that exists In the United
States.
There is aluu a firmer feeling in the
potato market. California buyers are
finding It necesaary to come to Oregon
ami during the week purchased a number
of cars of seed and table potatoes. The
general buying price in the country was
$1.25, with fancy stock bringing up to $1.50.
Balancea.
$ 4HS.473
1.003.557
2.159.02ti
Hunk Clearings.
"learings.
Portland 4.;W2.2o;i
Stil 4.5i2,lil
Tacttiia
Total transaction
J-O'ik; Me
Yesterday" transactions ,(It0,775
Clearing' of I'ortland, Seattle and Ta
i t:n;i f.r the imi h t week and corresponding
week in former yearn were:
Por' In nd. Seittt le.
$21.370. 73 $20.44.213
23.215.053
3H.250.,,i;t
35,:Htl,51S
1 i22
HCM
l:20
I 0J!
l!MS
1VI 7
11S
11H5
r.M4
1913
T.M2
191 I
31. 21 19.701
35. 07tl,
25.393.93.1
l.ooi,tns
15.4lWl.X2t
1O.0luf;uo
1 1.1-20.742
12.524.41H
11.77M.24S
lo.210.lMH
9.52N.ON4
Total transactions.
1S.2:t.7S2
12,20,js.-i
12.I.H(i.m)5
1 3.024. i::2
12.(125,5:91
l.S54.iu
9,i;07.4S7
Tacoma.
$14.22tl.3:t:t
4,3U.40.S
4.552.7M
4.SOJ.5M1
s .070,31 3
2.7U.10S
2,93S,5!s
1,931,203
2.1 79.2 vj
2,S5(L023
4.40'i.:tin
4.020.513
Salninn Psx-k Reported.
TOr1 . n. f. .Trfn. 7 The snlmn
I . . I
A If r. Ol ,I-M(MI U KOIl A IK
rK.DAHLK PHODK K DKALKRf
enl ltu1er
Pork 4 beeNe
Poultry KggM
Honey Any Prod net
Ask for latest methods to prepare
poultry and meat Mblpmenta.
Ml BV -A CO.,
VAO Front ht.v Portland, Or.
Oils.
- LINSKED Oil Raw, in barrels. 9c,
5-k:iIImi tans. $1.04. Hulled, in barrels, 91
cents; 3-gsllnn cans. $1.06
TURPENTINE In drums. $1; 5-gallon
caiif. $1.13. '
WHIT IS LEAD 100-pound kegs. 12MC
per pound
UASOLi.VK Tsnk wagacs and Iron bar
els. 2c. cases. SRHe.
SAN FRANCISCO PROIH CK MARKKT
PHcr Current on Vegetables, Fresh Fruits,
Kte., at Way City. .
SAN KRANC1.SC. Jan. 7. (Slate Divi
sion of Markets.) Kruit Apples, $1.40 to
$3.50, 3'i an d4 tier; tanabaa, 75c$l.25;
navel oranges, $4.235.73: lemon. $3.A0
4i4; grapefruit. $3i& 5 5t; cranberries, box,
$4. 5O0i 5.30; pears, box, $2&3.
Vegetables Artichokes. raw, $18 1H;
string beana, pound, fl& limas, 10
12c; carrots, sacks, OOcfe $1 ; celery. $2"tf
3.50; cticumhers, small box. $1.75 3.30;
eggplant, 'pound. 15f i7Mt'; lettuce, small
crate. $1.093.00; mushrooms, box. oOc
75c; olives, pound. 2 5c; onions, brown,
cu t. $5.255.51; peaa. pound, 15 ft 20c; bell
peppers, pound, 15020c; potatoes, $2.00
2.75: pumpkins, sack. 73r W$l ; rhubarb,
box, $2.5H3; sqUBsh, lug. $3.0O(fif3.50;
sprouts, pound. spinach, pound, 7
ft 10c; tomatoes, lug, $2.50f3.
Poultry Broilers, 35W'3.Sr: young roost
ers. 24h.3le; old. 17t2ik-; hens, 23tr31c;
ducks. 2225e; live turkey. 30 41c;
dressed, 49 52c.
Receipts Flour. 205S quarter sacks;
wheat, boo centals; barley. 12H.1 centals;
potatoes. 85H3 sacks; onions. (W9 sacka;
hay, 9n tons; hides. 40; oranges and 1cm
ons, 20 boxes.
QUOTATIONS ON OAIKV PRODI CK.
i urrent Prices Ruling on Itutter, Cheese
and Fggs.
SAN FRANCISCO. Jan. 7. Dairy Pro
duce Exchange closed
NEW YORK. Jan. 7. Mutter easier.
Creamery higher than extras, 3737c;
creamery extras. !ic; firsts, 33 3 tic
Kggs barely steady.
Clieese steady.
CH1CAC.O. Jan. 7 Butter higher.
Creamery extras. 35c : firsts. 30(g84c ; sec
onds. 27fcf21c; standnrds, 33VaC.
Kggs lower. Receipts 41M cases: firsts,
3737 c; ordinary firsts. 8234c; miscel
laneous, 35t3ic; refrigerator firsts, 30
U 32c.
SE ATT L1C, Jan. 7. Eggs, select local
ranch, white shells, 3ti3Sc; do, mixed
colors, 34&35c; pullets. 33 34c.
Butter city creamery cubes, 39c; bricks
or prints, 40c.
foreign Kxcliange.
NEW YORK, Jan. 7. Foreign exchange
irregular. Great Britain, demand. $4.19 ;
cables, $4.20V. France, demand, .S.03,
cables, S.03&. Italy, demand. 4.31H:
cables. 4.32. Belgium, demand, 7.BU ;
cables. 7.70. Oermany. demand. 53 '4. ; ca
bles. 54I4. Holland, de-man d. 30.55; cables,
30.01. Norway, demand, 15.50. Sweden, de
mand, 24. (I. Denmark. 19.90. Switzer
land, demand. 19.32. Spain, demand,
34.90. Greece, demand, 4.30. Argentina, de
mand, 33.37. Brazil, demand, 12.75. Mon
treal, 93 44.
Increase In Kxees Reserves.
NEW YORK, Jan. 7. The actual con-,
dltlon of the clearing house banks and
trust companies for the week (five days)
shows that they hold. $34,740,170 reserve.
In excess of legal requirements. This is an
Increase of $39,577,950 from last week.
BY STUART P. WBHT.
(Copyright. 1922, by The Oregonian.)
NEW YORK. Jan. 7. (Special.) The
opening week of 1922 has seen a furthetv
display of investment activity, a fairly
general .decline in stocks, the establish- 1
ment of the lowest money rates in more
than four years and a series of uncertain
fluctuations in the commodity markets.
It is not surprising that the money market
should rfave worked lower. This is what
normally happens after funds, temporarily
needed in the January settlements, find
their way bact into active use, and when
at the same time money is flowing into
the reserve center from the harvest dis
trict. It is, however, a matter of note
that money rates should have gone down
In the face of the very havy outpour of
new sec u titles. This shows that the in
vestment market has been abl to absorb
the enormous offerings of the last four
months without involving the least strain
upon credit.
Htlll the general bond list, while re
maining strong, has not felt much fresh
stimulus from the 3Vs per cent call loan
rate or the- 4 per cent quotation on time
money and commercial paper. It has ful
filled the expectation- that the upward
movement reached its peak In Decemfoer
and that renewal of the adVTwice would
be Impeded by the keen competition which
listed bonds, up to 10 to 15 points from
laat summer's low, were meeting from the
great mass of new flotations.
Htocks Hhow Recessions.
Thi stock market of the week Is open
to two interpretations. Either the specu
lative community had allowed itself last
month to become too sanguine about the
immediate prospect for outside trafte and
has been undergoing some revision of its
calculations or tne decline has been merely
a market readjustment due to the taking
of profits accumulated on last year's pur
chases at a time when speculative syndi
cates and other large interests were stand
ingaloof. The probabilities are that both
of these versions are true. There was a
r artier general impression in December
that with thrf turn ot thS year business
would immediately begin to pick up. In
stead, we have had an unexpected cut In
oil prices and predictions that the annual
inventory takings would bring to light fur
ther weak spots in the trade situation and
lead to an increase in commercial mor
tality. It was not to be wondereQ at, therefore,
that the market should have reflected
some disappointment. At the same time,
there has undoubtedly been more or less
selling of stocks by wealthy Individuals
who were waiting to. take their profits
until the new and more lenient revenue
law went Into effect at the start ot the
year. Doubtless there was enough distri
bution on the December rise for the pools
to be willing that prices should come down. ,
But the main point Is that the decline has
not gone beyond the proper limits of a re
action after a month or more of -steady
advance.
Trade , Opt Lm ism t naf fected. 1 1
Speculative Wall street may profess to
be disturbed because Its hasty conjectures
of a January trade revival have not been
borne out, but there Is no reason to In
er from the action of this week's markets
any change in opinion of the more sub
stantial sort with regard to the business
outlook for 1922. It is not now and never
has been expected that there is to be any
return of prosperity in the old-time sense.
The most that is looketF'for is a period of
moderate profits with a probable gradual
Increase in the trade volume as the year
goes on. Most thinking persons will agree
with the president of the National City
bank, who predicted that 1922 would be
a year of consolidations, inspired by the
necessity of getting costs down to meet the
lowered price level and to provide against
increasingly sharp competition.
The decline in money rates is in all
likelihood a precursor of further lowering
of federal reserve discounts. It would not
be surprising If such action were, taken
within the course of the next week. Bu(
while the very easy condition in the money
market is helping the distribution of new
bond Issues, it is not the occasion ahat It
has been in other years for a "January
boom on the stock exchange. The reason
M that whatever interest the stock market
has in the money movement Is completely
"overshadowed by its concern with the
course of trade.
Other Markets Waiting.
In the other markets it can scarcely be
said that the week's occurrences have
thrown much light upon the position of
things. The foreign exchanges are await
ing the next move in the process of at
tempting to solve Europe's economic prob
Iffiis.and are hoping for some results from
I he gathering at Cannes. The Improved
situation in the wheat t rade was further
reveaJed in the promptness with which
prices recovered t rom the shock of the
Chicago bank disclosures.
The cotton market has Its attention fas
tened almost exclusively, as It always has
at thin time of year, upon the trade de
mands at home and abroad. On this sub
ject It has seemed to alternate day by day
between hope and doubl.
As for the price-cutting In the oil trade,
it has yet to be established whether the
50-cent drop in Pennsylvania Crude was
merely a readjustment, because this grade
of oil had gone up more than the others,
or whether It will be followed by a more
general lowering of pricaa In other fields.
The answer to this should come wit hit
the next week.
time loans to brokers felL to lowest quo
tations in almost six months with easing
of the rate for commercial paper.
Another sentimental Incident was the
absorption of a prominent Chicago bank
and its subsidiary under unusual circum
stances and sharp cuts In oils and by
products. Suspension of cash and stock dividends
by General Motors and Kelly-Springfield
Tire was cited as evidence that Industrial
conditions required further readjustment.
The stock market withstood these de
velopments with equanimity where sea
soned or standard issues were concerned,
but many speculative groups were de
pressed two to ten points.,
Bonds were -active op the usual Jan
uary reinvestment demand, although final
quotations showed moderate irregularity.
The extent to which the Old World
looks to this country or assistance again
was strikingly demonstrated by the public
tale in thin market of the Dutch East
Indies $4U, OOO.ooO loan. Other neutral
European nations are negotiating for cred
its, as are alto several Latin American
countries.
Foreign exchanges followed events at
Washington, Anglo-French relations and
the proposed economic parley. The deci
sion of the supreme council to invite Ger
many and Russia to participate in the
latter conference was well received.
CLOSING STOCK QUOTATIONS.
(Furnished by Overbeck & Cooke com
pany of Portland.)
BONO MARKETJS ACTIVE
IilBf.HTIKS A X D 1XVKSTMEM
KAILS AOVAXCIX.
Stocks Arc Strong at Close on Gen
eral Covering Operations
by Shorts. I
NKW YORK. Jan. 7. Special Issun
were nmt lavorcd In today' brief stock
market, but tne gr-neral list tended upward
on week-end closing- out of traders con
tracts. Shorts were disposed to cover because
of overnight develouments. most of which
recevied favorable Interpretation. Chief
among these was the calling of a general
iurop,an econopilc conference.
Tobacco and chain store shares were,
strongest of the specialties and the more
popular issues were represented mainly
by oils, with a sprinkling of steels, equip
ments and motors
Rubber ttre stocks continued to be af
fected by adverse trade conditions. Ralls
were mixed, gains among coalers and cot
ton carriers being balanced by heaviness
of Chicago & Northwestern preferred and
several other grangers. Sales were 2To.U00
shares. .
Bonds wera active, with a continuance of
the recent advance In liberties and invest
ment rails. The foreign divisions was less
prominent at Irregular changes. Total
sales, par value, -aggregated 111,800,000.
The heavy transfer of funds over the
year-end was only slightly reflected in the
weekly clearing house statement. Actual
loans and discounts decreased by $43,300.
0oo. wiping out much of the previous
week's gain. Reserves ot members of the
federal reserve bank Increased $42,000,000.
The mest important Item was the gain of
$30.&79,t00 in casn. Increasing excess re
serves to .-S.744.000, the largest total In
several months.
MONEY KATE , AT LOW POIXT
Call and Time Lonra at Minimum Quo
tation for Six Months.
NEW YORK, Jan. 7. The first week In
1(422 was a disappointment to those hoping
for a radical change from the unsettled
conditions marking the close of the yar
In the financial and commodity markets.
The only marked improvement was that
evinced la the money market. Call and
pfd
Adms Kxpress
Advance Hum.
do pfd ....
Agr Chem. .
do pfd ....
AJax Rubber.
Alaska Uold. .
Alaska Juneau
Allied Chem..
Allls - Chlmrs
. do pfd ....
Am Beet Hugr
Am Bosch....
Am Can Co..
do pfd ....
Am Car 4 Fdy
do pfd ....
Am Cot Oil..
do pfd ....
Am Drug Syd
Am W. H 1..
do pfd . .
Am Ice
Am IntI Corp
Am Unseed..
do pfd ....
Am Loco
do pfd
Am Saf. Razor
Am Shp A Cm
Am tfmelter..
do pfd ....
Am Snuff. . . .
Am Steel Fdy
Am Sugar....
do pfd ....
Am Sumatra.
Am Tel ft Tel
Am Tobacco. .
do -B-'
Am Woo!
do pfd ....
Am V P
Am Zinc.
Anaconda ....
Awl Oil......
Atchison
do pfd ....
Atl ('.If & W i
Baldwin I.oco.
do pfd
Balto Ohio
do - pfd ....
Beth Steel "B"
Booth Fish...
H R T
Putte V.. .
Butte & Sup. .
Burns Bros. .
Caddo OH
Calif Packing
Calif Pet
do pfd ....
Canad Pacific.
Cent Leather.
Cero de. Pasco
Chandlr Motor
Chic & N W..
Chgo Ot W...
do pfd
Chile Cop ...
Chino
C M St P
do pfd
Colo Cola ...
c o
coio r i...
Colo Southern.
Col Gas & B..
Colum Graph.
Con Gas
Cons Cigars..
do p-rd
Contl Can ...
Oltlee S V C B
Corn Prod....
do pCd
Coeden Oil . .
C R I & P-.
do "A" pfd.
do "B" pfd.
Crucible
do pfd
Cuba Cane . .
d-o pfd
Cuban Am Su
Del at Hudson.
Dome Mines..
Deh A Lck...
Davison Chm.
Endicott-John
Brie
do 1st pfd.
do 2d pfd..
Famous Plyrs.
Fed MAS...
do pfd
Fisk Tire . . .
Gaston Wins.
Gen Cigars . .
Gen Klec ....
Gen Motor . ..
Glen Aiden.. .
lien Asphalt. .
Goodrich ....
ti-oodyear ....
Granby
Great Nor Ore
do pfd
Green-Can ...
Gulf S Steel.,
ilask Barker..
Houston Oil..
Hupp Motor. .
Ills Cent ....
nspiratton ....
lnt Ag Op cm.
do p-fd
Interboro . . . . '
do pfd
Interstate
lnt Harv
do tnd
lnt .Merc
do pfd
Int Nickel . ..
Int Paper ...
do pfd
Invincible JJil.
Island Oil
Jewel Tea . . .
K C SouUiern.
do pfd . ....
Kelly-.Spgfld ..
Ketnnecott
Keystone Tire.
Lack Steel . . .
l.ee Tire
lrfhlgh Valley.
Lorillard
Lowe Theaters
L & N
Marland OH. . .
Mex Pet
Miami
Mid States Oil
Midvale Steel.
M K & T
do pfd ......
Mont Power..
Mont Ward...
Mo Pacific . . .
do pfd
M St P & SSM
Nor Am
Nat Biscuit...
Nat Knaniel. ..
Nat Iead .....
Nev Con
New Haven ..
Nor A Wet. ..
Nor i'ac
Nov Sco Steel.
N V Air Brako
N Y Central . ..
Okla 1'rod rcf.
Ont Silver ...
Ont A West...
Oils Steel
Pac Dev
I'ac It K
Punta Allegre.
Pacific Oil ...
Pan Pet
do B
Penn
Peo Gas
Pere Marq . . ..
Pure Oil
Phillips Pete..
Pierce Arrow..
Pierce Oil
Pitts Coal . . ..
Pitts A W Vs.
do pfd
Pr Steel Car..
Pullman
Ray Con
Readlnc
Replo Steel ...
Rep I A S
do pfd ..
Rep Motors . .
Rvl Dutch Oil.
Rv Steel Spg..
Stand Oil N J.
Sears Roebuck
Shattuck Arls.
Shell TAT...
Sinclair
Stand Oil Ind.
Sloss Khet . . .
Sou Pac
Sou Ry
Stand Oil Cal
St I. A S P..
Strom Carb..
Sturiebaker ..
Swift A Co. . .
Ten Cop A Ch
Texas Oil
Texas Pac. . . .
Tx Pac C A O
Tob Prod
Tran Cntl Oil
l!n Oil Del...
Union Pac . . .
t'nlted Alloy.
United Drug..
Un Fd Prod..
United Fruit.
Sales. High. Low.
00
uoo
"inn
30O
200
SIM)
loo
4IH
loo,
100
loo
Mill
ltio
400
200
Bon
400
100
!.300
' i 6o
4110
400
1.000
2.5110
200
4,Kt0
20O
2,000
loo
400
100
500
31
u"
"'
as
84 "4
83 54
ll.t
142
115
20
41
.
m '
aovi
67
105 Vi
44
32 li
R'J
87H
35
1154
180
120 V4
7!W
31
"s
38 Vs
84"
85 Vi
3.1
)42!4
115
20
41
4
80
3!l'i
2
57
104 V4
43
32
in
341
115
130
12(i V4
7
13
49
13
4S
300 92 2,i
A0O
2.300
"300
300
700
100
200
8IIO
200
4.300
'. ' BOO
500
1,200
400
'2.800
8.H00
" '2 00
1.500
' 'ioo
1.5O0
Him
' oo
. . ..
31
2.600
2.000
V.30O
2O0
3.0O0
"300
,HO0
HM)
l.ioo
400
H1MI
s2.3K
1.0O0
100
l.OOO
3IM)
l.OOO
1.3-MI
100
3.200
30
l5
34
53
00
5',
7
21 '.
11B"
30V4
34 M
52
60 .
B'i
7
21
115
Cal
Mar.
54 si
'.4O0
9,000
f
21SI
1,1 0O
0O0
1IH)
2'0
44NI
2
20
2rtO
8. IOO
3,io
7O0
4. 1NM
l.WKI
4IO
100 .
'2. tiio
5110
2.200
"200
1.900
1011
100
1.000
1K.2IIU
.KM)
Mill
1..VMI
7.5IIO
000
l.OOO
.too
3 no
KOO
2.400
3O0
1IHI
IOO
1,30(1
100
1.200
4HO
500
1.200
2.1IOO
1.70O
1.1K0
2.4O0
100
i.b'oo
IOO
200
200
100
100
200
2n
300
100
700
1.5O0
100
5110
1.100
l.fioo
200
" ' 706
400
5IIO
300
200
5,200
. . . . y
200
7. win
2no
mo
2.500
1.700
6.000
4x
200
"eoii
109
on , till
45 45
li linxi
ao 30
bo" 49
62 '- 60
'is '15
15 15
'mi 'mi
3P 30
32 41i
54 i 54
'38' '38
67 Btt'i
2 2
'20" '23
62 00
'i 'l8"
93 93
'33" is"
31 31
84 84
'si'1; "oi"'
S3 82
8
17 . 10
'26 '26
114 114
51 , 50
77 77
9 9
14 --4. 14
9
77 7
ii" 'ii
i37 i37
9 8
58 66
.71 '7i
4 5 li 5
77 77
73 71
11 11
';'t8 '38
1
10.-.
14
0"
1 I
50
'14
3
2 It
17
'27
38
'l2'
1119 1,
25
111
20
1 2
29
8
I 25
07
13
17
44
1 '4
3
5
81
105 4.
14
05
11
50
' i4
2
35
25
16
27
5
i-j
109
23
lOOH
211
1 2 '-
29
7
25
04
1 3 "...
10
44
411 4li
128 128
33 33
'l4 14
13 13
OK'i fl
v 75 75
73 73
2 S
"6 "9
'33 r '32
45 45
51 50
45t; .44
33 33
61 61
"S" 35
30 30
13 13
11 10
62 B2
24 24
; rn (13
1K 105
14 14
72 71
'o2' 'S2
50 49
95 95
174 173
63 62
'19 .'.9
85 85
'"" '78
IS 18
93 93
21 20
36 30
81 80
85 95
43 43 ,
3i- -25 4
2 24
f 62
10 1(1
19 18
126 126
25 23
"9 9
122 122
Un Rds of N J 7
ITn B & P Tl
Un Rtl Strs.. 8,700 t2 Bl 52j
U H Ind Alco 4H 38 37 37
U 8 Rubber.. 600 82 82 62
do pfd 99
V h Smelt 33
U S Steel 4.000 82 82 84f
- do pfd IOO 115 115 114
Utah Copper. IHK) 62 61
Va. Chem 200 28 2 28
do pfd
Van Steel 200 31 31 31
Vlvandou .... ..... ..... 6
Wabash .. .....
do A pfd... 20
1 do B pfd I
Wells Fargo S
West Pac 200 J 16 ltf
do pfd 53
West Union 91
Wtghs K A M 300 49 49 49
West lid ..... 8
White Motors 400 36 36 3(1
do pfd 2(1
Wiidon Pack 27
Wis Cen ' 25
Wool-worth .. 300 139 139 138
Wthgtn Pump 43
WALE 6i
White Oil 400 9 9 9
Close.
49
10
- 32
.11
57 I
11.
'A
56
88
86
34
35
32
93
142
115
19
41 ,
. 4
12
58
711
3
29
59
104
111
. 4
44
86
111
32
S8
87
35
115
130
128
78
103
23
18
49
99 .
2
85
3d
94
103
34
5254
56
5
7
5
20
115
-,10
69
44
82
119
30
33
50
00
a
1.1
15
ft
30
4
55
24
38
60
90
W
64
46
18
93
110
33
31
84
71
64'.
81
8
17
13
lott
20
114
51
76
9
13
9
7
9
34
11
68
137
8
42
57
35
lo
26
31
71
26
45
77
72
11
97
38
7
34
1
3
5
81
105
14
65
11
:.ovJ
1MI
14
' 19
22 '
BONDS.
100!N Y Cen deb 6s 99
100'Nor Pac 4s.... 84
108 'Nor "Pac 3s.... 60
1(14; Pac TAT 5s.. 93
HO ;Penn con 4s. fi4
SO Hou Pac cv 3s..95
AT&T cv 0s.l09Sou Ry 5s 88
Atch Gen 4s.. i."ivIU P 4 87
D ft R G con 4a 74, U S Steel as. ..100 ,
U S 2s reg.
U S 2s cu...
U S 4s reg. . .
U 8 cv 4s cu.
Pan 3s reg. . .
Pan 3s
Bid.
I X) ' .
95.76
Liberty Bond Quotations.
Liberty bond and victory note quotations
at New York, as furnished by Overbeck &
Cooke company of PortlatwJ:
Open. High.
Liberty 3s tt5.7U 90.04
Liberty 1st s
Liberty, M V. 9( 80
Liberty, 1st 97.38
Liberty, 2d 4a 90. .SO
Liberty, 8d 4. 97.80
Liberty 4th s Ht.32
victory,
Vlctory
97.04
97.40
97.20
97 8(1
97.50
4 s. . .100.06 100.08 100.00 100.O8
ilS...IW.U3 1WIV9 JW.VTJ iva
IMiSO
97.32
90.80
97 72
Clone.
95.06
97.20
90.86
97.32
97.06
97.80
97.36
Boston Closing Mining.
BOSTON, Jan. 7. Closing quotations:
3(1
25
10
46
148
12
1(19
25
110
26
12
29
7
25
(!
13
1(1
44
64
4(i
128
33
84
14
13
!MI
75
23
.V8
73
2
. '.
20 4
9
7
62
32
4C
51
45
38
01
19
36
30
13
llITi
12"
24
63 .'
105
14
25
52
83
7
50
95
173
62
8
87
19
85
36
79
18
93
21
311
80
95
9
43
25
24
B3
10
18
12A
23
71
9
122
AUouez
Ariz Com .
Cal A Ariz
Cal ft Hecla
Centennial
C Ran Con Co.
K Butte C Mn.
Franklin
Isle Ryl (cop).
Lake Copper v
Mohawk
2 I North Butte
,. 57 lOld Dom
, . 37 (Osceola
..267 IQulncy
,. 9ISuDerior
38 IS A Boat Min..
10 IHhannon
1
2
53
Utah Con
Winona
Wolverine
12
23
80
42
1
1
1
35
IO
Swift Co. Stocks. ,
Closing price for Swift A Co. stocks at
Chicago were reported by the. Overbeck A
Cooke company of Portland as follows:
Swift A Co ar'
Libhy, McNeil A Libby :
National Leather -J
Swift international 2Vs
Monery Silver, Etc.
NEW YORK, Jan. 7. Foreign bar sil
ver. 64 c.
Mexican dollars 49c.
LONDON. Jan. 7. Bar silver 34d per
ounce.
Money 2 per cent. .
Discount rates Short bills, 3 per cent;
three months' bills, 3 per cent.
New York Bonds.
New York bond quotations furnished by
Herrln & Rhodes, Inc., of Portland:-
Am Tel A Tel 6a
do 6.1
f
1922
....1923
. . . . 1929
....1929
....1930
....1939
....1945
....1941
19-2
1923
1935
1945
.1925
Am Tob 7a
do 7s
Anacojida 7s B....
do 6.1 A
Armour cv 7a ....
do cv. 7s
Argentine G 1 8a .
Am Av Chm. 7s
Beth Steel 7s
do 7s
do Kq 7s
Belgium Ext 7s
do 6s
do 8s
Bergen 8s, City ot
Berne 8s, City of
Brazil ss
Canadian 8a
do 3s
fhl A N W 6s ..........
C AI A St P gn A rf 4s A
Can Nor 7a
Chile bs
Christiana 8s, City of
Copper Kxp 8a
do 8s
do ha
do 8s
Cuban Amer Sugar OS
Con vtas cv 7s
Dla Match 7
Denmark 8a
Danish Mun 8s
Dupont 7s
French ext. 8s ...........
French 7s
Grand Trunk 7s
Goodrich 7s
Goodyear 83 ..............
Gulf Oil 7s
Great Northern 7a ........
Humblo OH 73
Int Rap Tr ref Ba ........
int Mar C T 6a
In Rap Tr 7s
Kelly Springfield 8s
Kennecott 7s
Libby. .McNeil A Libby .a..
Morns A Co. 7s ......
Mexican Pote 8s
NYC call 7s
Norway 8s
1! M (Inti AU.S .....
N P 6s "lM7
Northwest Tel 7s 1941
Pan Amer 7s :?"
Russian Rubles 8s J9-6
San Paulo 8s J J""
M,.lhw.Kt Tel 7s iv-o
Swedish Govt 6
Standard Oil N Y s.
do of Cal 7s
Steel A Tube 7 ....
Swiss 8s
Sears Roe 7a .......
do 7s
Sinclair 7s
Swift A Co 7s
Un Tank 7s
U 8 Rubber 7s ...
Wilson 1st Bs ........
West Klec "s
Westinghouse is ....
Zurich s
100
101
101
191
96
101
87
77
100
100
100
100
194
95
..1940 -404
..1945- 106
..194S
..1941
..1926
. .1931
..1936
..2014
..1940
..1941
..1945
..1922
. . 1923
..1924
..1925
..1931
. .1925
. .1935
..1945
. . 1945
..1931
..1945
..1941
. .1140
..1925
..1941
. .1933
. .1938
..1923
..I960
..1941
..1921
..1931
..19.10
..1931
. . 1930
..1936
. .193D
..1940
1936
1939
. .1931
..1931
..1931
. . 1940
..1922
..1923
..1925
..1925
. . 1 930
. . 1930
..1928
..195
. .1931
. . 1945
197
103
96
95
107
55
109
101
106
100
101
102
104
101
104
108
107
106
103
99
94
108
96
110
102
I08
99
36
90
76
103
101
99
102
100
105
108
106
106
107
96
3
100
100
94
108
1115
97
115
98
97
98
100
103
104
85
104
105
107
MILLING TRADE CIS
JVIIE.iT BID VP OX REPORTS OF
FliOUR EXPORTS.
Final Figures at Chicago Show Net
Advances Ranging Up to 1
Cents; Coarse Grains Firm.
CHICAGO, Jan. 7. A lively final hour
following a light early market marked
today's &hort session. Prices were bid up
sharply toward ahe .close, and the final
figurea showed net gains ot le to le
in wheat, c to c In corn and c to c
in oats. Provisions were firmer and gen
erally unchanged to 7c higher. r
Wheat was inclined to slide at the start,
but strong commission houses absorbed
offerings at $1.11 or under for May and
easily took the alack cut of the market.
Reports of fresh f!ur exports- and of further-
mlUlne; deiWind started the shorts
to cover later and they found, the pit al
most devoid of offerings. Substantial
gams were registered before they obtained
all their wheat.
Kxporters were after corn and took
200.000 bushels here. The. local cash mar
ket was affected by high bid to the coun
try from outside markets and this was
soon reflected in the pit.
Oats developed a strength of their own,
mainly on southern and southeastern de
mand. There was -a ready advance to
ward the close.
Provisions ranged higher with live hogs.
The Chicago grain letter received yester
day by the Overbeck A Cooke company of
Portland foIJows:
Wheat The action of the wheat market
today waa a surprise to most who ap
peared to entertain bearish ideas.- The
leadership on the long side was of a better
character than for some time patit. Tners
is increasing evidence that this depart-
ment is about to be aumpfcemenited by do
mostic developments. Good milling grades
are in keen demand and becoming rather
scarce. This Is a most unusual feature
this early In the season. We cannot s-ie
whether the disturbing financial affairs
of last week can continue to overshadow
supply and demand conditions.
Corn Thia 'market waa again strong.
responding to' the -same influence that
dominated yesterday's market, notably
light receipts and an active demand for
spot offerings at, higher prices. Kxport
business wag again being done at the
seaboard, but amounts are not given. One
factor which, up to the present, received
little consideration, but which promises
to be influential, is the feeding value of
corn on trie prevailing hog basis.
Oats Trade tn futures waa the largest
in spme time and prices were advancing
when wheat and corn lagged. The mtwt
prominent buying was by shipping inter
ests, presumably, againat cash sales. Spot
offerings met a ready demand at higher
prices-
Rye 1 lad a strong undertone on scat
tered buying by cash Interests and smaU
pressure.
Leading futures ranged as follows:
WHEAT.
May.
July.
May. .
July,..
May. .
July..
January. .
January.
May
Open. High.
$1.10 J1.13
1.00 1.02
CORN,
.53 .53
.64 .55
OATS.
.39
.39
MESS PORK.
Low. Close.
$1.10 l.12
1,00 1.01
.38
.39
.83
.84
.."!'
.HO
.53
.&5
.39
.39
, LAJLD.
8.8T.
9.22
SHORT RIBS.
8.85
0.2 J
8.62
9.17
19.10
8.82
.17
7.87
8.00
4 red,
.'o. S
No. S
Koreign Bonds.
Foreign bond quotations . . '
Overbeck A Coo
ke company of Portland:
Belgian rest 5s
do prem 5s
do 7s. 1945
do 8s. 194t
do 0s. 1925
Brazil Ss. 1941
British 5s. 1922
do 1927
do 6s. 1929
do vky 4s
do ref 4s
Bordeaux tie. 1934...
Canadian 5s. 1937...
do 5s. 1926
do 5s. 1929
do 5s. 1931
do 5s. 1927
Chilean s. 19411.
Currency
Denmark 8s. 194.1
Dan -Muni 8s. 194
French 4s. 1917
do 5s. 102O
French 5s. 1931 ....
do 7s. 194-1
do 8s. '945
German W L 5s....-
Berlin 4s
Hamburg 4s
do 4s
Leipzig 4s
do 5s
Munich 4s -
do r.s
Frankfort 4s .......
Italian 5s. 1918
J hp 4s. l!:u v-.----
do 1st 4s. 192....
do 2d 4s. 1')2i. .
Norway 8s. 1940 ....
Russian 5s. lO'-l...
do 5s. 192.1
do 0s. 1919
Swiss 5s. 1929
Swiss 8S. 1940
U K 5s. 1922
V K 5s. 1929.
U K 5s, 193.
Ask.
77
08
104
195
95
104
88
86
85
69
04
84
95
90
'9(1
95
9(1
101
1.)
107
109
49
73
63
94
99
4
5
5
5
7
. 6
8
7
32
8.
87
11.8
.15
3
15 J
. 0.-.,j, IMi
.114 115
.11X1 1(10
90
1)0
Bid.
.. 74
.. "
..103
..104
.. 94
. .1114
.. H-V
.. 84
. . 03
.... Hi
.. 62
. . 83
. . 94
.. 96
.. 96
..94
. . 94
..1011
.. 9
..107
. .1O0
. . 4S
.. 72
.. 61
. . 94
. . 90
.. 3
. . 4
..
.. 5
.. r.
.. 6
!."
. . B
. . 32
. . 72
. . 86
. . 86
. .1118
.. 13
.. 2
.. 14
991-
116 V
4 Standard OH Stocks.
Standard Oil stocks at New Tork. fur
nished by Overbeck at cooae company ui
Portland:
Ar.glo
Borne Scrysmer ...
Buckeye
Cheesebrough
do pfd ....
Continental .......
Crescent
Cumberland ...
Eureka
Galena rom
Galena Old pfd
Galena New pfd.
Illinois Pipe
Indiana Pipe
National Transit ...
New York Transit .
Northern Pipe
Ohio OH
International Pete .
Penn Mex
Prairie Oil
Prairie Pipe
Solar Refg
Sauth Penn Oil
S W Per.n Oil
S O Ind
S O Kentucky ..... .
S O N Y
8 O Ohio
do pfd
Swan A Finch
I Vacuum
Washington
S O Nebraska .....
i Imperial Oil
17
825
85
180
103
124
27
115
78
....... 40
.108
1 00
100
83
28
140
90
257
15
17
535
234
335
180
50
84
500
440
355
380
114
300
30
1 BO
103
Closing
Bid. .Asked:
17
140
86
190
107
127
29
125
80
42
106
106
165
84
29
144
95
260
15
17
545
237
350
190
54
85
570
450
359
390
115
310
35 .
January .... ....
May 8.00 8.02 8.00
Cash prices were as follows:
Wheat No. 3 red, 11.18; No.
MS. -
Corn No. 3 yellow, 484o;
white. 4c.
Oats No. white, 36 37c;
white. 33iff35c.
Rye Nominal.
Barley 53 a 67c.
Timothy seed $523.
Clover seed' 12.00 18.50.
Nork Nominal.
Lard $8.82.
Kibe 7.2Q8.25.
Minneapolis Grain Market.
Minneapolis. Jan. 7. Cash, wheat
No. 1 N., $1.27 01.81: No. 2, $1.24
1.26; No. 3, $1.16&1.21; No. 2 D. N.,
1.271.30 ; No. 3. 1.181.25; No.
u. H. M.. !.:: 'A.
Barley, 39 50c.
i.Ma T-n i s2.na! 2.nasi .
Futures,' Vheat, May, 1.20; July,
1.14.-
' C'arlot Grain Receipts.
''CttlCAGO, Jan. 7. Carlot receipts
Omaha. 11 wheat. 97 corn, 11 oata; Winni
peg, 866 wheat, 114 oata: Kansas City, 125
wheat, 25 corn. 8 oats; St. Louis. 18 wheat,
13 corn, 7 oats: Minneapolis, 114 wheat,
53 corn, 23 oats. 9 barley; Duluth, 6 wheat,
11 corn, 1 oats. ,.6 rye.
Winnipeg Grain Market.
WINNIPEG. .Tan. 7. Cash wheat No.
1 northern, I.UV; No. 2, 11.08; No. 3,
88c: No. 4. 02e. -
Futures, May. 81.10: July.' S1.0S.
Duluth Linseed Market.
DULUTH. Jan. 7. Llnsed oh track,
I2.042.08; arrive, 2.08 92.07 .
. Grain at San FranciiH-et.
aiM vr tM-WPO. Jan. t. 3rain
Wheat, milling. $t.83f 1.:: feed. $1.85
195- barley,, feedi' $1.25 l.SO: shipping,
'3oS'1.40; oats, red feed, $1.40aU.oo;
corn, white Kgyptian, L72 t 1.77 ; red
may!lwhe4aL"$lV,,19; fair. 141T;
tame oat. $15rcfl8: wild oat. $1113; al
falfa $lal; stock, 9' 12; straw, $10
12. J
' Seattle Grain Market.
SEATTLE. Jan. 7. Wheat, hard white,
soft white, white club, hard red winter;
soft red winter and northern spring. $1.08;
eastern red Walla, $1.05; Big Ben blue
steJil, $1.11.
Cltv delivery: Hay Timothy. $23: d. c.
$27: mixed. $21: alfalfa, $17: d. c. $23:
straw $15; barley, whole. $38; ground and
rolled, $35; clipped. $40; chick starter, $54;
chop, ail grain. $35; cocoanut meal, $28;
corn $33di34; corn, cracked and feed meal
$37; cottonseed meal. $44; linseed meal,
$58: mash mixture egg, $404441: scratch
feed. $4Vu 40; soy bean, $60; wheat. $44;
Puget sound, $-E9.
New YorksGruln Market.
NEW YORK. Jan. 7. Wheat, spot steady".
No 2 red. $1.20: No. 2 hard. $1.19: No.
1 Manitoba, $1.25 and No. 2 mixed durum,
$1.10; c. i. f. track New York to arrive.
jorn Spot steady; No. 2 yellow, 65 X;
No 2 white. 0c. and No. 2 mixed,
ou'ic- c i. f. New York, all rail.
Oat's pot steady: NO. 2 white, 47'jC,
Coffee Kotnres ttuirt.
NEW TORK. Jan. 7. The market for
coffee futures was very .quiet today. The
tew sales reported here were attributed
to realizing after yesterday's rally and
for aver the week-end. The market closed
at a net decline of four to eight points,
with March contracts selling off from
8 64c to 8.80c. Sales were estimated at
about 5000 bags. Closing quotations. Jsn
,mrv 8 .Vic: March 8.00c; May. 8.4:;
July.' 8.35c: September, 8.3jc; October.
8 33c; December, 8.31c.
The spot markets was nominally un
changed at 9c for Rio 7a and 12c to
12 c for Santos. 4s.
Naval Stores.
SAVANNAH, Ga.. Jan. 7. Turpentine,
firm. 83c: ssles. 17: receipts. 177; ship
ments. 5: stock, 12,310.
Rosis. firm: sales. 664; receipts. 590:
shipments. 265; stock. 83.905. Quote: B
to 11. $44.12; I, 44.15: K. $4.70fP
4 75- M, $3.105.15; N, $5.30(ff5.35; WO,
$5.505.55; WW, $5.85.
New York ugar Market.
NEW YORK. Jan. 7. Raw sugar
Centrifugal spot, $3.48; centrifugal. Jan
uary, $3 61; refllred. fine granulated,
$4.80 to $4.90.
Dried Fruit at New Tork.
NEW YORK, Jan. 7. Evaporated ap
ples nominal. Prunes steady. Apricots and
peaches firm. Ralslne dull and easy.
Cotton Market.
NKW YORK, Jan. 7. Cotton Spot,
quiet; middling. 18.75c
1 4-Tear-Old Cow Productive.
GRANTS PASS, Or.. Jan. 7. (Spe
cial.) Producing 685.03 founds of
butterfat In the past 36o days Is the
record set by a 14-year-old cow be
longing" to H. E. Dudley of Huso. The
cow was not fed especially for the
test.
A
Investors-
The new income tax law ia of vital importance to you.
We have in booklet form a complete expert analysis
of the new law, indexed, classified and understandable.
We will mail you a copy for the asking. Call for
same or Mail tkis coupon: '
s FREEMAN, SMITH &
Camp Co.
LUMBKftMCNS BLDO.. PoRTAND
rie.tso place my name on your list for a
free copy ot your Income tax digest.
:v.
Address
STOCK RFCFIPTS I ICirrFHi-"'-"-- rrr":T.",..vrMTrr5
dlUUIV IILULiriJ LIuIIILIIIj i' i 11 the plant at Uold Hill.
DECRKASK ,OK 79 LOADS IX
YEAlfS AIUtlVAIi. . ',
Sheep ' Movement Alono . Shows
Gain, in Past Year at
' Loral Yards.
The week at the stockyards hVd ji quiet
close, Ss there were no receipts yester
day. The tone of tho market waastoady
In all lines.
Receipts of tne various classes of stock
at the local yards In December and. for
the year were:
Cattle Calves
December . 6.81)7 415
Ino. month.
Iec. month 697
Tear 1021.. 110.742
Inc. year
Dec. year.. 10,524
43.1
Dlti
4270
Hos;s
15.34!)
4.402
iiaisiui
'24.831
Sheep
20.4.YS
13.404
32!i.;4
1)3.313
The disposition of stock durine Decem
ber and the year follows:
Cattle Calves Hogs Sheep
O.-W. K. At IN
( east )
(north) .
Bo. Cac
S. P A 8
Nor. Pac. . .
O. N
O. B ,
Poata ,
Driven out.,
27
1,411,1
4U4
mil
1211
73
211
4,'i
88
Totals 2,503
Increase
Decrease ... 1,209
Consumed 1 n
N. Portland
district ... 4.548
Total dispo
sition 7,051
Feeders to
country . . . 265
Consumed N.
Portland dls.
Jan. 1 to date 53,456
Feeders t o
country Jan.
1 to date.. 6.040
38
'iii
377
415'
1.802
457
2.989
"iu67
12,246
15,235
7.854
1.077
3.402
12.3113
8.1115
8.476
20.800
6655 113.794 147,127
is rrrovereil W rom
arry au
TOLEDO DRAWS THRONG
Many Seek Business! Ixicntions an
Sawmill Prepares to Open.
"TOLD DO, Or., Jail. 7. (Special.)-
The opening; of tho new spruce pro
duction mill at Toledo Is noting as ft
mafrnet In attracting person inter
ested In finding new buslncas loca
tions. A there are only a tew Imild
ines available for use a loiJfKlnsr
houses, restaurants, uteres ami tli
like, only the first arrivals are rind
iug places. Iite arrivals) -will have
to arrango for tho construction oC
bulldinKa in which to conduct their
businetw.
The first attachment of 40 men,
toso4er with the' officers of the now
company, arrived on today's train, and
tho sound of hanuners and saws to
morrow will announce the formal
openinir of the biur mill. . '
115
The origin of stock rec
ber was: -
Cattle Calves
Oresron ..... 8,518 209
Idaho 1,867
Washington: 613
N. and t. Dale ... .
California .
Montana .... SH2
illsc. 507
117
136
83
9.560
eived In
Ho-s
4.634
2.707
3411
6.628
103
RSI
848
7.263
Decem-
Hheep
II. fill
8.788
4.770
Totals
6,807
41 15.349
the Portland
20.458
Union
Prices quoted at
stockyards as follows
Cattle -
Choice steers Jfl.75fJ 7.50
Medium to good steers........ H.25 (tfi 6.75
Pair to medium steers. ...... . 6.75tfr) 6.25
t'oimnon to fair steers... 4.7541) 5.75
Choice feeders 5.00'rt 5.50
Pair to" food feeders 4.5Hi 6 .00
Choice cows and heifers 5.2.Va 5.75
Medium to rood cows, heifers.. 4.75'rf) 5.25
Fair to medium cows, heifers.. 4.25fir 4.75
Common cows 8.2.Vri) 4.25
fanners 2.25 (it 3.25
Bulls 8 (HIi 4.011
Choice dairy calves W.OOtt 10 00
Prime light calves 800! 11.00
Medium lifrh t -calves 6 011 8 00
Heavy calves t.OOUt O.OO
Hogs
Prime light R.50ift 8.75
Smooth heavy, 230 to 400 lbs. 7.5IIW 8.25
Smooth heavy, 300 lbs. and up 6 r.O ie 7.50
Rough heavy 6.5040 5.75
Pat pigs R .Ml'iD 8.75
Feeder plKS BMW 8.75
Stsgs, subject to dockage 6.000 6.50
Kheep
East-of-mountain lambs. X.
Best valley lambs
Fair to good
Cull lambs
Kastern Oregon feeders.....
Light yearlings
Heavy yearlings
l.lght wethers
Heavy wethers ,..
CH
o
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o
o
o
a
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King &.' Company S
INVESTMENT .
SECURITIES 5
20 Broad St. New York O
D
iDoooooeoeoooooooeeooaoool
lzobo.ooo
Are You. One Of Them ?
In four rear. rvcnten million
new investors have learned that
their fundi can bewrll protected
white earning for them liberal
income. j
Absolute confidence, through a
better knowledge of thia proven
lifeguard, , will greatly extend
Your opDortunittcs for larger in
vestment returns. ,
If tout hjrure interests you, write
today for a free copy of IC 44.
"Earning More With Your Savings"
-r
hat Stocks
To Say. for Profit
T
S.OOf?) 8.M
7.3(Kn S 00
ft.riO'rd 7.00
fl.:.o ,tf iv on
a.ooii 7.00
e.CMt'f 7.on
5.00 e.oo
4. now B.ro
4.00 u 6.00
Chicago Livestock Market.
CHICAGO, Jan. 7. (United State bu
reau of markets.) Cattle Koceipt a, 3O0,
compared with wt?flc ago; beef steers
mostly 50c to 75o htaUier; spots up more;
fat she stock 35a to 60c higher; snme llpht
heifers up more; runners and cutters 15c
to 25c higher; bulls, 60c higher; veal
calves mostly 25c lower; heavy calves un
evenly hiRher; desirable lightweight stack
ers and feeders steady to strong ; others
weak. lsr"
Hogs Receipts, 6000; active, largely 15c
to 40- hljrher than yesterday's average;
light and light butchers up most; few late
sales of heavy and heavy mixed only
Hteady; good clearance; top, $8.75 for lliO
to 180-pound hogs; bulk. (7.008.50; plga,
25c to 35c higher; up to $8.85.
Sheep Receipts, 3500; today's receipts
all packers direct or on through billing to
the east ; compared with w'k ago; fat
lambs l!5c to 50c higher; fal sheep and
yearlings. 50c to 75c up; feeder lambs
QUotably 25c higher.
Kantias City IJveKtork Market.
KANSAS CITY. Mo., Jan. 7. (United
States bureau of. markets. ) Cattle Ke
ceiptM, .150. For week : Beef steers and
ft she stock steady to weak; top steers
$8; cannerm bulls and stock calves steady;
Blockers, feeders and killing calves steady
to 25c higher; fat sows and heifers 25c
higher.
Hogs Receipts, M)0; generally steady to
10c higher than yesterday's average to
both packers and shippers; bulk bettor
kinds. $7 067.00; mixed loads. $0-03 fl 7 ;
bulk of sales, 57i'7.."0; top, $7.00; packer
sows mostly $.YiG(fii.
Hheep Receipts, 300; killing classes gen
erally 50c higher; best fed lambs $11.75;
leodtng lambs around 25c higher.
Omaha livestock Market.
OMAHA. .Ian. 7. (United States bureau
of markets.) Hogs Receipts, 65O0; mar
ket slow, strong to 10c higher; 177-pound
weights, $7.50; 200-pound weights and tin
der. $7.35w7.45; bulk of sales, $7.10
7.35; top, $7.50.
Cattle Receipts, 350; compared with a
week ago; beef steers fully 25c higher; she
stock, bulls and veal calves mostly 25c
higher; atockers and feeders, 15 25c
higher.
Sheep Receipts, 500; all classes 75c
h Ik her.
Seattle Livestock Market.
SEATTLE. Jan. 7- Hogs and cattle,
steady; no receipts; no price changes.
HE trader tomakt real
profit must buy stocks
when priceaJire low and
ell when high, but a Urge
percentage always buy at
top pricesand sell at the low.
A number of issue art
now in a position to go
much higher while others
should be sold and your
profit taken. Keep posted.
Our Market letter and Ppe
cial HulltHin, "The Outlook
for Mli2," contain much valu
able information for traders.
Send for them now.
Ask for PC-8. Copy free upon request.
COOGAN (SL CO.
Investment Securities
32 BROADWAY
New York
CEMENT PLANT TO REOPEN
Factory at Gold Hilt Hastening Re
pairs for Early Spring.
GOLD IIILI Or., Jan. 7. (Special.)
Ths local cement plant which pulled
the fires from tho kilns December 1,
Is rushing; repairs with a view of re
nurning In early spring. The mill and
furnace crews are nearly all retained
In maklnff repairs, while a large
double crew Is employed in Backing
and shipping cement from the ware
rooms. The lower quarry at Zacker, two
miles below Cold Hill, is being oper
ated with a small day crew. The out
put of the quarry after being crushed
at the bunkers is shipped and dumped
at the factory in Gold Hill.
BxtenBive equipment recently was
added to the plant at Gold Hill to
handle the surplus limestone and pre
vent future delays when a shortage
of crushed limestone occurs. The clay
and sbale employed in the maaufac-
OVERBECK &
COOKE CO.
Brokers, Mo-k, Bonds, Cotton,
Oral ii, Kte.
tlfl-117 BOARD OF TUAPR BLDO.
MaMn Walln, Wash.
Fortlatrd, Or.
l'e mile ton. Or,
MEMBKRS tUCCO BOARD OF
TRADE.
Correspond en tn of l-orn.n A Bryan,
Chicago and Isew York,
MFMBKKS .
New Tork Stock r.x change
Chicago Mock Kxrhanga.
Honton Mock Exchange,
ChlruKO Board of Trade.
New ork Cotton KxrhaofS.
ew Orlennn Cotton Ktrhang.
w York I'rodure Kxchsncew .
IVtiinipejr (train Exchange.
Liverpool Cotton AsaocJiUloii.
ORGANIZING
A COMPANY?
Save the usual incorporating ex
penses, avoid personal liability and
excess profits taxes. Organize on
tho common law plan under a
Declaration of Trust
Domsrre Standard Forma (ap
proved by Attorneys) furnish com
plete equipment with which any
one in any State can organize a
company, issue shares and begin
doing business the same day. Ask
for circular A-42, containing full
descriptions.
J. t. DKMARFR,
Legal lllnnk I'rlntrr,
613 Walnut, Kansas City, Mo.
Safety and Profits
IN STOCK MARKKT TR ADrNG. Ixiarn
HOW to combine these In your trading
by the ue ot
Stock Privileges
With 140 to tl2S you can trade 1n um
sharps of any stock. Writs for FKKhl
explanatory foMer No. U.
I" HUL IW I C, KKW YORK
FOREIGN EXCHANGE
Lowest Itntes. Watch
Our Window.
Direct Wire Service from New York.
tiians-ati.amm; kstatk
& t'KKIJIT CO.
103 Second t.,'nr Stark.
Marshall 2US.
HERRIN & RHODES, Inc.
Kstsbllsh-rl 1R
STOCKS, BONDS,
COTTON, GRAIN
CorTesionnnts Vt F. IIUTTON A CO, JJ. 1, '
Members all leading esxhsnKes
Itabson's fervlce on Kile.
Mala ti zul Hallway tirsuss Bid.