13
, TALK OF STOPPING ALL
I feALMON FISHING' ON I CO-
LUMBIA FOR TWO YEARS .
WHEAT MARKET IS AD
l VANCINO -WITH BETTER
, DEJIAN1) FROM EUROPE
THE OREGON SUNDAY JOURNAL!, PORTLAND, SUNDAY MORNING, JANUARY 12, ' 1908.
i " Laiest Market Revkm ;
With the Trade''
POULTRY FALLS
FROM ITS PERCH
' ' tr.
:Pricca Respond to Oversup-
' ply and There's a Lot of
By Hyman 1L. Cohen.r
"What happened to the poultry , mar-
ket the pact' week wu n eipected oc
currence, Those who have followed
the Alps and downs of Front street val-
ties tor year J will know that It U Can.
$wqu to put a price too high Juat aa
It ia to forca It too low. Tb aangaf
In tha former instance la for the pro
ducer, while tha consumer and dealer
Buffer from the .latter. However, tha
consumer paya tha fiddler In tha and.
i It la an old earing that what goes
tp muet coma down, and tha truth ef
thla aaaertlon la ahown every few daya
In tha maxta of trace. It waa fool
hardly for tha ahlpper or commission
l ynu to think that ha aiona control
jjhe system of prlcamaklng. He doaa
makes prlcaa ia Juat tha oppoalte from
the way be balievee ha doea. Ho be
lleves that by holding a lock back, ha
Can commanu any price ne cnooses te
askv mat ia true to an extern, out Beyond-
certain prlca tha market always
gets aissy, men. aown vaiues go unm
they strike the very bottom of tha lad1
ear and 11a lifeless and limp for some
time. - That la tha time that tha ship
per overaoea nimaeir. mo is never sat
Isfled, like maaklnd In general. -and
ttolda and holda hla nroduct. with the
hope of hi she prloea until after tha
market Strikes the top and begins to
waver. Then he, like most other ship
pers, will begin to amp alt nis supplies
to Dtarsai umi nop i genius' ivur
thins out of the wreck or values.
That's tha wrong time to begin ship
ping. Tha beat tuna to aend supplies
to market la all tha . time. If ship-
Jrs persist in picking out aoma spec!
lo period In' which to ship, their ahould
Carefully paaa up Mhe periods when
nricea have reached ta top and are
breaking. That's the very time when
they should avoid tha market The
time . to ship is after the market baa
atruck the bottom. Than It' will begin
to climb higher. There'a no telling how
high It will climb, so the ateady ahlpper
la tha one who always profits by the
pest aa wen as lowest range or values.
For Instance, Wa market looks like
It will be around tha bottom early next
week. . Then It will likely remain in
active for a While. Late In tha week
or perhaps me fore part of the com
ing Week thre will be a demand for
poultry . inai a us outlook at this
Time. .-.
j However, there's no tailing.
EGGS TUMBLE AGAIN.
rrlceg Drop During Week With In-
' crease in Local Supplies.
. Lower prlcea are rangliur In the egg
market because of the Increase in ar
rivals, and the very mild weather to
date. Cold atorage atocks are belna
. .Offered . close to 20c a dozen, and are
working tne rrean grades down. During
the paat week some sales of freah stock
were made aa low ag tic, but aoma are
BUM' going ai izhc
4 There. la scarcely no-demand for tur
eya .at the end of the week; greater
shipments and too high prlcea contrib
uting to the downfall, aa In tha chicken
market
Creamery hutter Is generally selling
i mo lower range, owing lo.neavy ac
cumulations In the local market Ship
ments from outside creamerlea to thin
city are tha largest for thla period of
tne year zor many seasons.
: Cheese market loat Ho during the
pant week, with demand not sufficient
to taue care of supplies, too much No.
I and No. 3 cheese la held against tha
margei to Keep pricea up.
. .. . m
.MILLING TRADE ALARMED.
Mills Are Idle Because of the Small
; Floor, Demand Fropi Abroad.
" Continued lack of Oriental demand for
nour ia aJarmins- the miiiinc trade all
over tha United States, and especially
pn tne rtcum coast rracticauy no
business In thlf Una has. resulted for
iri niuninn, mna lew or ine larger
mills are In operation at all. Millers
express considerable wonder at what
alls tha oriental appetite for ttur flour,
because It la positively known, that
stbcks on the other side of the Paclflo
are very small and have been nominal
for soma time.
' Smaller mill are belna utilised for
tha supplying of the local demand for
flour, but only a small percentage of
them are run on regular time.
Tl'V. Aa f (m ..Ira t m rro Intn- ,AH,lt Am
pNeount of the better foreign demand.
Tne local market continues on an
?ort basts, and buyers say they expect
he volume of trade to greatly Increase
soon. -
7 "aITLE MARKET GROWING.
Better Tone 1$ Shown in Local Mar
' - ket During the Fast Week.
i ilgns ara being prominently displayed
that seem to signify that there will
dod ,m cunnga oi sentiment regiira
lng apples. For some time the local
market has been in very noor ehare
With practically all the call for cheaper
grade. Now the demand is switching
over Into the better class of fruit and
some dealers assert that a fractional
advance is being obtained in prices,
t FRONT STREET REVIEW.
Brief Mention of Many Important
Lines of tho Week's Trade.
Local cauliflower is asaln com In to
market Sixes were small, but Quality
IB gOOO. ' :'. p . ,
-Orange market Is higher In the south,
hut here It Is mixed, with some dealers
cutting values.
nine bananas were scares all . week.
but supplies are expected the nex few
i sweet notatoas are nigner ana some
what' scarcer, because of late advances
in the south. Quality remains good.
' Local potato market Is again showing
Taint aims oi ine. atter zu uuya- sieaD.
IPrices top at 65 and 60o per hundred
Jpounds at country shipping points,
f- Onions made an advance of loo In the
ibuying price during the week. This
was due to the slight improvement, in
whole wheat t.:S; ryv list , H-BOj 1 f
bales. 13.
MILL STUFFS Bran,' $it petf tons
mlddllofs, 2; shorts, country, 27j
(ltv,-2r chop, 111 0J1. ' , .
H A V Producers' pries Timothy.
Wlllsmetts vsney, rancy io, wrain
srv IIIVMilurn Oreson 'tlT: mixed.
llOfflllO.50! clever.' $10011; i grain,
1 10W 1: cheat I1O01Z.
' .- Batter. Sffgs and Poultry..
BUT TEH FAT T. o. b. FortUnd
Sweet cream. 3c: sour, S40.
BUTTiu'll Extra . fancy ei-samery
l7o; fancy. ISc; y storage, 309
IJHe; stoik Oregon, 300, '
EOOS Extra fanov, eandled, 110
IlUr: esstern Btoraae. 22230 dOX.
CIIEEBB New - Full cream, flata,
lto per lb; Toung Americana,. 17o per
,bpatTLTRT " Mixed ' chickens, 1 2o
fier pounds fancy bens per
b; roosters, old, 11c: fryers, 12e lb;
broilers, 12 MO jo; - aucas, io aeene, i
old. llo P,r 'D! turkeys, alive, looio;
dressed. illJilVc: lb; squabs, $3.30 dps;
plgsona, $1.23 doa.; dressed poultry, ld
iWo Pr lb higher; wild geese. $.t08 doa
Bopa Wool aad Hides.
" HrtPft not croo. first prima. lUe:
prime, so; medium to prime,, 3 Ho; me
dium, tOi iPV, ITUJI, lfU
WOOL 107 cup v aiiey, nviic;
astern Oregon, izoiio.
MOHAlR 2902$Ua
vllIDES ntv hides. ltOlSo Ibl green.
4 It 6c : cslvrffl. green. S9?l kips, 3o I
lb: bulls, greert salt l4a lb .
. BHSKPSIUNS Shearina. JtoOtOo
sach; short v wool, zsc040o; msdium,
wood, 60c9$l eacui long wool, ?oca
$1.23 earh. - '
TALLOW Prima, per lb. toOo:
No. 2 and greaae, 3 J Ha
CIUTT1M BAKK 5a
' . Traits - and Vegetables,
POTATOES Fancy. - SOOTBs Bell
ing; btiylng, white, 3030s- per cwt;
sweets, so per id.
ONIONS Jobbing nrlce Oregon,
buying, spot, $1.36; Garlic, 7o lb.
APPLES Select $ 1.7$ tt $2.00; fancy
11.30; choloa, $l.O$1.28; ordinary, IOcO
MARKET EVENT; OF THE' WEEK
TS ' SjBJgf , I I . V M M
a mm .i. - av M
.00'
FRESH FRUITS Oranges, new 31 o
32.73: bananas. So lb: lemons. 33 tt
box; ttmea, Mexican ( ) per 100;
pineapples, 3404.30 dosen: pfara. fan
cy. $1.60 tf 1.73; ordlnsry, $1 a box; tan
gerines, 31.BO a box; jap oranges, sue
box: persimmons. 31.76.
VEGETABLES turnips; new, 30c
sack; carrots, 0c$l per Back: beets,
3086o per sack; parsnips, $1: cab
bage, 8$c0$l; tomatoes, California,
1 2. 23; beans. 17c: cauliflower. $1,100
$1.20 doi; peas, lOe; horseradish, $o lb;
artlchokt-s, $101.10 dos; green onions,
ISo dosen: peppers, 17c; hothouse let
tuce, $1.000 $1.76 box) cucumbers, hot
house. $1.30 box; radlabea, J6o dox.
bunches: eegplant lc lb; celery, 76eS
36o; cranberries, eastern, $10011.60;
sprouts, to per lb.
Qrocerles, iTuts, Xte.
SUGAR California and Hawaiian
Cuba. $6.9; powdered. $6.80: berry,
$6.60; dry granulated. $6.60: XXX gran
ulated, 36.40; conf. A., 36.30; extra tt.,
$r..!0; golden O.. $6.00; D. yellow,
$4.90: beet granulated. 36.40: bar
rels, 10c; half barrela, 25c; boxes, 60o
advance on sack basis
(Above prices are 30 days net cash
quotations.)
iiurntr 33. so per crate.
COFFEE Package branda $13,330
18.68.
SALT Coarse Half r round. 100s.
$18.60 per ton: 60s, 314.00; table, dairy
60s. $13.00: 100s. $18.75; bales, $2.60;
Imported Liverpool. 60a. $20.00: 100a,
$19.00; 4s, 18.00; extra fine barrela, 2a
6s snd 10s. $4. 60(3. 60: Liverpool lump
rook. 320.60 per to; 60-lb rock. $13.60;
1VUS, 31S.W0. . .
(Above orlces anoly to aales or less
thsn car lota. Car lots at special prices
subject to fluctuations.)
RICE Imperial Japan, No, 1, 6c; No.
. 6U64c; New Orleans, head, 7c;
AJax. 6c: Creole. 6c.
BEANS Small white, 34.26; large
white. 34.10: Dink. 34.10: bayou. $3.80;
Limas, $8.60; Mexican reds, 4 Ha
NUTS Peanuts. Jumbo. 6ttc per m:
Virginia, 6o p,er lb; roasted. 8e
per lb; Japanese, 6iiB6c; roasted, 79o
per lb: walnuts, California, 16o per lb;
ine nuts, lbo per id; nicaory nuts,
Cfo car lb: brazil nuts. ISc tier lb: fil
berts. 15o per lb; fancy pecans. 1620o
per id: aimonas, io.
Xsatg, ruh aad Provisions.
FRESH MEATS Front street Iloas.
fancy, 7Htj6o per lb; large. 7 Ho per
lb; veal, extra, I Ho lb: ordinary,
tUAlo ner lb: heavy, t til Via per lb:
mutton, fancy, 8 Jo Jier lb.
hams, juacum, aire rorunna pace
(local) hams. 10 to 12 lbs.. l2Ho per lb;
14 to 13 lbs.. 12Ho per lb; 18 te 20 lbi.,
1lt.i h...l,,..t . . . , t li. IT OfU. ni.
lb; picnics, to per lb; cottage roll, 10c
rer lb; regular short clears, smoked,
l0 per lb; unsmoked, 100 per tb;
clear backs, unsmoked, 10c; "smoked,
11 e; Union butts, 10 to llo lbs., uar
-.U.,A 1 , Ik.' 1 1. nam lit-
clear bellies, unsmoked, l2Ho per 'b;
smoked, 13Hc per lb; shoulders, 10c;
per lb; pickled tongues. 7c each.
iJl 1U tkC 111. lf&, " O, t.7.
per lb; 3s, 12o per lb; 60-lb. tins, 120
per lb; steam rendered, 10s, 11 Ho per
lb; 6s, 11 Ho per lb; compound, 10s,
8 Ho per lb.
FISH Rock cod, 12Ho lb; flounders.
so per -in; naiiDut, so per io; stripei
It's an ill wind," etc4
:i LACK OF ORIENTAL. FLOUR
CALL MAKES MILLFEEDS SCARCE
By Hyman It Cohen.
A startling decrease In the supplies
of mlllfeeds Is playing havoo In sev
eral lines of trade in the northwest
For Instance it will cause livestock
feeders to send their a took to the kill
ers In an unfinished stale unless the
weather during the remainder of the
Season is most favorable.
A ml 11 feed shortage will affect tho
nrlce charged by expressmen because
with the higher cost of shorts and
other feeds the haulers will be com
pelled to adjust their prices to new
conditions.'
The greatest effect will be upon the
milk Industry and here the pdblio will
have no other recourse except to pay
tha freight unless something out of
the ordinary happena In tha mean
Um 'to cause lower prlcea on feeds.
All thla trouble Is due to the small
purchases of flour made by the orient
the paat few months. Millers cbm
plain bitterly of the slowness of trade
since the present cereal year started.
They had paid very high wheat prices
in order to get the grain to do their nor
mal buslneas and thla grain ia burning
holes In their pocketbooks. They want
to sell 'export flour but do cot care to
sacrifice their holdings of wheat
With only a normal amount of ex-
Bort flour sold thus far this season
lere ia ahown In the Paclflo coast
states the greatest shortages of mill
feeds ever noted. Not only are the sup-
Slies at lower ebb than usually but the
emand is create r because of the record-breaking
quotations being asked for
substitutes oats and barley.
Thus far there haa been little hard
ship here because of the decreased mill
feed supplies, but the winter haa Just
started and the period of greateat de
mand is yet to come. Millers say they
have no shorts to sell and have already
sol J more than they are producing.
They could obtain a higher price than
the record value now being received but
aa one miller expresses It: "What's
the useT The price is already too high
and we don't need the money that bad."
The only hope left for adequate sup
plies of mlllfeeds Is for the orient to
again enter the flour market and allow
millers to grind soma of their hlgh
prlaed wheat
HOP ORGANIZATION MAKING
PROGRESS ON PACIFIC COAST
BIG SHIPMENTS
FORCE SELLINB
STATEMENT IS '
BIG SURPRISE
Brbomliairs Estimate and 0reat Gains Are Mde in Re-
Jleayy Arrivals at Minne
f apolis Hurt Wheat."
serve Market Working
Up From Bottom.
c
i
CHICAGO WHEAT MARKET.
Open. Close. Jam 10. Loss.
May io 105 10ft
July 38 33 i
STOCK MARKET GAINS.
(Catted Praw Leased Wke.)
Chicago, 111., Jan. 11. The wheat
market was quiet, about 4c lower than
final prices of the day before. "What
Influenced the soiling and deduced the
lower figures wss the estimate by
Broomhall that the world's shipments
for ths week would be about 8,000,000
buahels snd the receipts for the day at
atinneapona ana uuiuth being about me
same as they were the corresponding
day of the year before. Weakness de
veloped In corn toward the end of ths
session took the previous buylnx spirit
out or tns traders and selling Decs me
heavier as the session waa ending. Tho
net result of tho day'a business was
tha decline of So for May delivery.
There was some attempt at creating
a bearish sentiment ty tne parading
Amalgamated. . . 1
Susar ....3
A. Smelter ....1
Anaconda ltt
Atchison 3e
IS. A O.
Brooklyn ltt
! Canadian 1
Cent Leather.. H
6t Paul i
Erie V
U A N. thk
Missouri Pao..lHi
STOCK MARKET
C. A O.
Col Fuel .......
N. T. Central,
N. P. .,
O. ft N.
Penti a
Reading
Rock Island . .
8. P. i
U. P
U. 8. Steel ...
do pfd
Boo ,
Q. North.
.1'
.14
.14
-.4
.14
.14
.14
.14
LOSSES.
HV.-abash pfd
4 1 Norfolk
By Thomas C Shotwell.
(Hearst Raws by Lomeit Ifssed Wire.)
New Tork. Jan. 11 While a good
bank statement was expected, Wall
street wag not prepared today for the
splendid showing actually made by the
banks. Tha legal reserve is made un
of a report of gold for the paymont with IMOd.OOO to spars. The panlo Is
blin'wlthYrawrom'N.w1 York" .M?-
ment to Argentine, inai migni nave i - vmi
Sattafactory progress is being mads
in the organization of the hopgrowers
of ths Pacific coast into a strong union.
Reports from California and Washing
ton indicate that the spirit of organisa
tion Is growing In both sections and In
Orogon, growers are dally signing the
rolls of membership. Dealers are mak
ing every effort at this time to influ
ence tho producers . against casting
their lot with ths proposed union but
all their talk seems to coma from the
view of the short seller.'
Sales of hops during ths week were
vnry heavy but stocks were harder to
secure, especially the better grade,
which are now quoted nominal because
of ths s'mall offerings. Ths volume of
orders now coming Is tho largest In the
history of the hop trade for this time
or tne year, xnese nops are Deing pur
chased because dealers fear that grow
era will Organise and thus hold the mar.
ket In their own grasp Instead of al
lowing It to be made and unmade by the
snort sellers wnenever tney cnoose.
SHARP GAIflS MADE
BOSTON
(Hearst Kews br Lomeit Leised Wire.)
Boston, Jan. 11. Some 29,000 shares
bass. ISo per lb; catfish, lie per lb; sal- .on Jam " -ome .uoo snare,
mofre. 10 lie; froen.c; herrings,- ft"ed " h8 ho"rAu0 bu
louthern buvers. ' All oulet now,
ueiery mantel is iiriner uin soma
re asklnsr higher range of values for
ine Deal. i
- Hay -market la holding steady although-demand
Is not very pronounced.
Oats and barley holding firmer.
--Front street trading shows a slightly
busier tone for dressed - hogs. Dressed
veal is still source. Both products still
5how high values. , -k.-
Retail v merchants pay ihs following
rices to. Front street Prices paid pro-
(lucera are less regular, commissions;
- . Orain. JrTows aad read. r::.:
GRAIN BAGS'-Calcutta, c; large
ots; small Jots. Ittc , '
WHEAT .Track prices Club, ISO
4c; red Russian, llQ82ei bluestem. 5
J86oj-valley,- 34c.-' w A
1 COPN Whole. f3SL:reksd. 313 ton.
BARLET New Fei,. .347d$17.
r ton; rolled, 330 t:i;i brewing, 23."
RTE tl.65 per' cwt ..
OATS New Producers trtee No.
'white 33? Per' ton: grsy. Ji38.0.
FLOUR Eastern Orexon patents
l.?S; ; straights, 34.83:. eaporta, i 33.30: ,
alley, 34.3034.60; graham. Hs, f60;
lb; soles, -7o lb; shrimps, lOo per
lay a VtS l uu fwa iw a aw sv t
lobsters. 35o per lb.: fresh mackerel, 8a
per lb: crawfish, 25o per dozen; stur
geon, 124o per lbs black basa, 20o per
lb; silver smelt 7o per lb; Columbia
smelt So lb! black oodV 74o lb; crabs,
$1.00fpi.0 dosen.
OYSTERS Shoalwater bay. per gal
lon. 32.60: per 100-lb sack, f 5. 00; Olyra
pla, per gallon, 33.40; per 100-lb sack,
I6.000.50; Eagle, canned, 60o can: 8(
floaen; eastern ia shell. 31.75 per hun
dred. CLAMS Hardshell, per box, $2.40;
razor clams, $2.00 per box: 10o per dos.
Paints, Coal OH, Etc
iness In the local copper market to
day. Three thousand of them are Amal
gamated: 2.000 Trinity; 2,000 La Salle
and 1,000 Korth Butte. La Salle reached
15. comparing witn s as last years
low record, October 25. North Butte
reaohed 48 Old dominion. 824; Trin
ity, 18; Utah, 33; Quincy, 88; Calumet
St Hecla advanced 8 points to 625 on
sales of six- shares; Calumet & Ari
zona was up 14 at 107. Isle Royale
got up from 10 to 20 4. It was a great
market and the street felt a hundred
Der cent better at Its close than It did
a week ago, and it was feeling hopeful
men.
i2loJ&i0T!iat Uci "undard' WOULD PROHIBIT ALL
COAL OIL Water white, tanks, 124c; VTOTTTVl AT? QAT.TimTVT
X AOJLLJ-11 VA VI UaXJLIVA
case, lsftr, neaaugnt cases, zvc;
Elane, cases, 28c; Eocene, casea, 214J
gallon.
GASOLINE 88 deg., cases, 244o per
gal; iron bbls, 18o per gal.
BENZINE 88 deg., cases, 28o per, gal;
Iron bbls. 28o per gal
TURPENTINE In cases, 9So perkgal;
wood bbls, 93c per gaL
WHITE LEAD Ton lots, 1o per lb;
SOO-lb lota, 8c per lb; less lots, 84c
WIRE NAILS Present, basis at $3.20.
CHEIIALIS HOP HEN
NOW' ORGANIZED
The greatest scarcity In tha
salmon market supplies Is still
shown in the fresh fish houses.
Receipts from tho Columbia riv
er are so small that they cannot
be quoted. Fish dealers are
talking of getting up an Initi
ative petition to present to tha
voters at tho election next June
to prohibit all salmon fishing in
the Columbia river for a period
of two years in the hope of sav
ing the Industry from total
wreck. Dealers say It will do no
good to stop fishing In any one
section.
(Special Dispatch to The Journal.)
Chehalls, Wash.. Jan. 11 At an en.
thusiastlo meeting the Chehalls district
hopgrowers completed their organization
nera-joaay, ana o acres m. uuua,
per cent of the total Rcreage exclusive
of the Pincus and Klaber yards, has
W;lS?ecto?.twe?e00chosen. Officer. ALBANY CREAMERY
selected were; J. v;. ounn, oiwuitiu,
Carl - Motter, ''vice-president; ...Walter
Twlss. secretary; F. Donahoe, treas-
-J-Jt Vr..t tr-tr.-:?' .
Tne unenaus oiairici win nav
stronr delegation in attendance at the
stat meeting of hopgrowers soon to be
held- at Puyallup.--It is. expected to
hava 80 oar cent of tha local acreage
signed up within A few days,
tdrerpool VVheat Lower.
Ud lower than yesterday.
Liverpool. f Jan; f 11. May wheat
close saa.
h A Breakfjut v- Dish. ;; v-,
Over In Chelsea a schoo teacher waa
engaged In her task of teaching a class
of foreign' children tl. English lan
guage. She ' was trying to- make her
pupils--understand the- meaning of the
word flight and asked . if anyone In
talning the word.
- Quick and ' confident wa4ha PRpfy
f one little' Klrl: - have a sentence
teacher - W bad fright ggs for break
fast this mornin-." ,
HAS MADE PROFITS
'(Special Djspateh to The Journal.).
Albany, Or.. Jan. 11. The annual re
port of the -Albany Creamery associa
tion shows a paying business during
1907. The receipts aggregated $48,000.
One hundred and fifty thousand pounds
of butter was made, an Increase of 20,
000 over the year before. An average
of 30 3-12 cents per pound was paid for
butter fat Tha new officers are as
follows: President C L. Shaw; vice
president, J. D. Isom; secretary, Ed
Logsdon; treasurer, E. W. Langdon;
directors, H. Freeksen, L Whealdoa and
J. H. Bcott . ' . '
Aua-ustus Thomas, president of ;tha
New Tork Stat Progressive Democratic
the class could-give a gentencs con4 league, has issued a call for a conven
tion of the league In .New York city two
weeka hence. The league is expected
to indorse William j . aryan ror 'jpreai
dent Tarn I Johnson, mayor of Cleve
land Wili! bo among ths speakers. ,v i .v-
LOS ANGELES SENDS
EARLY STRAWBERRIES
Eleven Crates Arrive in San
Francisco and Sold at $4
Each Yesterday.
(Burst Hews by Longest Leased Wtre.f
San. Francisco, Jan, 11. Eleven crates
of Los Angeles Strawberries were re
ceived and 10 sold at $4 per crate, one
being In poor condition. Three oarloada
of oranges arrived. A fresh supply of
Central American bananas waa about
due, and the next steamer to arrive
from Honolulu will have a very large
quantity. While on Saturday the de
mand for fruits is usually better, to
day was a dull day in all lines.
The local wheat market continued In
tha same rut as noted for some time
past conditions ana prices being en
tlrely vnahanged. Th receipts were
only 50 centals. There was no specu
lative business.
May barley was a fraction lower. The
spot market has been firmer and eas
ier by turns, but was without any quot
able change today. The receipts were
only 166 centals, uais Kept along in a
quiet way at previous quotations, with
receipts or 1,04U centals, rue receipts
or corn were tne largest in a long time,
being 2.145 centals, and including Call-
fornlan. As prices have been relative
ly higher at the south, shlnments have
Deen aiverxea irom mis market in con
sequence. After a long spell of dull
ness beans are beginning to show some
activity, with a good shipping demand
reported.
Flour and mlllstuffs ruled firm at the
quoted prices. Only 337 barrels Of
flour arrived.
There was no further change In but
ter. Fresh extras closed steady. "Tand
firsts and seconds were weak. Cheese
was 4o per pound lower for new flats
and closed firm at the decline. Toung
America was weak for fancy and firm
for first. Storage eggs declined 2o for
California extras and lc for firsts.'
There was a scarcity of southern
vegetables, except green peas, and they
were - plentiful enough. String beans
were entirely nominal, and large bell
peppers, ixts Angeles tomatoes and sum
mer squash were tod scarce to quote
Lima beans made their appearance and
sold at 15c a pound. Potatoes and on
ions wore without any further change. '
' New York Bank Statement.
New Yorfc Jan. 11. Bank statement!!
..-. .... Tnnrea.
Reserves ....................217,693,600
Isa TJ. 8. ...... .. 1S 809 O7R
Deposits V.J;..,.;......... 30.185,200 I
SpjBCla 14.611.600
fefJWlai . ......,......v..., ,778,200 !
Loans ,.k..',.., ,.,... . 15,722.200
had aoma bearing on tha market
Trading In corn started under the in
fluence of tha liberal locaL receipts and
at from Uo to U below the closing
figures or tne day oerore. eeiung pres
sure was not great at the decline and
the country advices or sortening coun
try roads waa a check to any prolonged
effervescence of bearish spirits because
of the recent spurt of farmers' deliv
eries at country stations.
Tha easier tone of corn at the open
ing and the offerings of May oats as a
hedge against country purchasers
caused the market for the latter to
look soft at the start. At the close
May oats were He lower, whlk for July
the decline was 8c
There was such a rusn or nogs to
the slaughter all through the week and
the figures were so prominently pa
raded Defora the eyes of the traders
that there appeared no room to double
prlcea for products and nothing of the
Etna occurrcu.
There was a slight reduction to oegin
with, but there were no aggressive sel
lers, enorts couia not wan ana meir
buying caused the early alight decline.
Cash salea:
Winter wheat No. Z red. 31.01
1.03 H; No. 3 red, $1.00Q1.01ty; No. 8
hard. $1.011.08V4; No. 3 hard, $9
I Ds: No. 1 BDrlnav tl. 0301.12.
Corn No. 3. 65c; No. 3 yellow, 31 a
5BHe; No. 4, 6Z&3ftc.
Oats no. a wniie. UH!iHo xso.
4 white, 49 He
Range or prices:
Open High Low Close
WHEAT.
106 106H
.... I8H H
CORN.
....'30 60
.... S3 E9$
OATS.
.... 62 62Vi
.... 46 48
ME8S PORK.
May
July
May
July
May
July
B3
Hi
103
so
63H
sons. Normal conditions nrevall in tha
financial markets. Normal conditions
will goon prevail la tha commercial
worm ana instead or a vaar at hard
times and distress, the Immediate future
holds promise of tha greatest year in
the hlatory of America, Everybody is
starting with backa to tha wall and
on rocg Dottom. and tha only direction
tuny can go is lorwara ana upward.
vpward Kovemeat Expected.
Persons who believed in tha TTnltaA
States and ita wonderful recuperation
powers foresaw weeka ago exactly tha
condition that prevails now. While the
pessimists were trying to find more
trouble the patriota were buylna- stocks
and good bonds. Now a crop of stock
aim uona ouyers is appearing and the
original ones are beginning to take
profits. The bears have been whipped
and Wall street is red with their life
blood. Most of them have turned and
purchased stocks on thla advance in the
past few days. Of course It is possible
for the list to move to much higher
levels without any reaction, but it Is not
reasonaDie to expect it to do bo. With
out losing raitn in higher prices or
cnanging one particular from their bull
ish position, soma of the best authori
ties in the street are expecting a ah.trp
reaction. On that reaction, ahould it
come, tney will purchase more stocks.
B. 3i O. Four Polats aTJf&sr.
Chief among tha leaders today were
Baltimore ft Ohio with a rise of four
points, Consolidated Oas with a rise of
4 'A points. Ureat Northern 2ft points,
Southern Railway preferred itf, All
Brake 9. and Union Paclflo 3U.
Excellent reports made by ths Can
adian Paclflo and the Canadian North
ern were compared with those of last
year unfairly because a great storm
45 &
Jan.
May
LI
.1340 1352 1337
1233
1337
VESTOCK
IS
SHOWING RISE
AH Values Are Advanced
for Week Movement Is
Still Quite Small.
PORTLAND' LIVESTOCK RUN.
Hogs. Cattle. Sheep.
.398
.624
.303
..911
Past week
1907 .....
1906
1905
827
895
237
660
660
f revaued in tnat region last winter, pul
ing the roads practically out of busi
ness. Renorts of the railroads In the
northwest ror tne next two monms win
not show any signs of improving busi
ness, no matter what they show.
sentiment in the ateet trade nas im
proved materially with the easing of
money. The best proof that money- ia
easier is furnished by the sals of 30,
000,000 of equipment notea by the New
York Central It Is true the Central
had to drag in its solvent subsidiary
propertlea to back up its credit but it
eot tha monev and the Influence of its
ucnii win unaouDieaiv neiD uiinaa.
Another favorable Influence is ths
considerate action of certain newspapers
In deciding not to have a war with
Japan Juat now. Instead of rushing
armies to tho coast to repel tne in.
n&Hara. American business men can at
tend to business for a little while
longer.. ,
PRICES CARRIED HIGHER.
Week's Rise ia Stocks Pats Values
Above Those of September.
(Caltad Press Leased Wire.)
New Tork, Jan. 11. This week's rise
has carried securities In many cases
or
GRAIN CROPS
Entire United States, Is In
'Vina filmrtn Tn A Inn Tf
JL'JJItU vixty7 -liiuiau AAU"',
duction Looks Bad. ; '
V,
820
2,813
By Hyman II. Cohen.
Portland Union Stockyards, Jan. 11.
A week ago the prediction was made in
this report of an early advance In live
stock. This week the advances were
made. All lines were affected by the
improved buying call and tho small run
waa a most wonderful aid toward to
market to climb out of the rut where
It had been stuck ror so long a period.
Packers stayed out of the hog market
because thev said thev could buy them
cheaper in the east but the few arrivals
that came were quite readily taken by
the trade, even though prices were eome-
what higher. .Top nogs went to to.ia
and $5.60 with sales at both figures.
Receipts of hogs for the week totaled
scant 89 a neaa, comparea wnn o& a
year ago. 803 in iue ana sii xor mis
same week in 1905.
- Cattle Oo to $4.85.
Whtln tha run of cattle showed con
slderable improvement over tho run of
last week when but zso neaa were re
ceived, and even over previous years
for this period; arrivals did not come
faster than the demand warranted, as
witness an advance or loc in tne price
during the wecK. xnis put top steers
ud to 34.25 and at that figure the
mnrkAt hnM firm for selections.
Sheep run was quite small just
about a third of what is waa a wees
ago and the receipts at that time did
not more than supply the small holiday
trnria. Aa romrtared with the past week
In previous years this week's movement
to maraet was smuit. uuo in mumff
mam firm and active during the week.
but It was not until the last day or so
that receivers couia oot&m auvancea
values. A gain of 25o is shown lor tuo
weeks price movement.
A. var aaa ior tne current wen an
lines were firm and about the same ad
vances were shown as during the jiast
six days.
orriciai yara prices:
Han Best eastern Oregon. $S.2SO
.30; China fats, $5.00.
Cattle ttest eastern- wregon sieva,
$4.004.25; best cows and heifers, $3.00
&0S.Z6; puns, i.iw.. . . .
Rhn Beat wethers. 26.00: mixed
and best owes, $4.60; lambs,' $5.00.
HOGS STEADY AFTER FALL.
Receipts Are Still Very Heavy In the
, Y, East Sheep Stronger.
Chicago. Jan. 11. Hogs. 27.000; eat-
tie, '4.1J00; sheep, 2 000; left over yes
terday, 8.300. IIqks are ateady; mixed,
34.15&4.45; heavy, $4.304.65; rough.
$4.16194.33; llgnt, Jl.lil01.OO.
Cattle -Steady.
Sheep Strong.
Kansas City, Jan. 11--Hogs, 10,000;
cattle, 1,000; sheep, none, j .,
i - .-..( t - .
'Omaha; Jan. It Hogs. 11,000; cattle,
10J Sheep, 2,000. , . -,i
. - "' '" V ' -f "t
J Taeotnsj Wheat Market , ,- .
Tacoma," Jan.V ll--Wheat Export,
club, 3c; bluestem $5o, .
1.1JJ abov the level ruling in early October,
That is to say, a full recovery has oc
curred of that part of last seasons
losses due directly to the money panic,
and some advances made besides, whlcn
must be ascribed to something other
than the return to normal banking con
ditional Are these tentative efforta at
new forward movement jusunea or
not? Thla is the question which nas
mainly interested Wall street all the
week. The speculative element iooks
only to present facts and is profoundly
skeptical of the recent upturn, beoause
these facts are In the main against it.
Very little real recovery nas yet taaen
place In general business. Trade and
tnnniifartnrtnr enterprises are dull and
the steel plants are down to half their
Oraln mm Am Vtt 9mnmrmmm ' ii K4
" " ww -- (..v. WWW ... ...V
three Paclflo northwest states during
the past week or 10 days than It ..has
for many a year at this period. .Reports
from the wheat belts indicate that the
acreage is even mors greatly Increased
than first expected. Much the larger
acreage the coming season will be la
winter-sown varieties. Weather condi
tions could scarcely be Improved for
this time of year. , .
Cron conditions hn hM HH.l1.nt
4 I up to this time east of the Rooky
mountains and no damage reports have
iiiu. if.i Liccg receivea. , . ,
Caaade.
Canadlan wheat reports Indicate slow.
Srogress on account of cold weather,
ut no damage Is reported. i .'
Broomhall elves tha follnwtnr nmnrta
of the cropa in various sections of the
world under date of December 34; ,
United Kingdom.
The Agricultural Oaiette says that
fair progress was made last week wita
clearing up arreara of plowing ia the
united kingdom, but the land Is still
very wet, and it is quite certain that
there are still arrears both to plowing
and sowing. With favorable weather in
January and February, farmers -' are
fairly certain to put In some more
wheat, but such favorable weather is
very far from a certainty. Some re
ports say that tue wheat plant Is be
ginning to show the bad effects of the
prolonged period of wet weather, but
these complaints are certainly not gen
eral. . .
Argentine.
The weather haa turned fine and fa
vorable for the harvest after a rainy
period. Good cropa of. wheat oats and
rlax seed are expected? and latest news
of me corn crop la likewise favorable.
although locust damage la not axcluded.
The present Is undoubtedly a very criti
cal time, and the maraets all over the
world respond immediately, to news of
inia great narveat. -
Apjrtralla.
There Is no change In Indications of
the export surplus; additional ships are
being fixed to load the wheat that will
ba available early next year.
India. .
T . . I ... V. I alu. A 1 ... a 1
account of the agricultural outlook ia
upper India, but still some native spec-,
ulators have been found willing to offer
new crop wheat for shipment next May
and June at high prlcea From central
inaia reports are not at au oau, i
though that part does not seem to have
had a really good aoaklng rain. . -
" Xassla. " .. i
T w-alr sham frost -t tn an4 net-
uraliy this waa considered bad ror the
remnant or tne soutnem seeamgs, xur
tha snowfall there aooeara to have beea
light; in the center, however, there have
been heavy falls of anow. SO the frost
can have had but-lUtle Influence there.
Wt have received further bad accounts
of the winter seeaings in the eastern
region, but winter wheat Is not grown
la that part .-w.z.
Rovnuuua. '
The weather has turned cold and the
nnwfall haa bean nartial. Such condl- '
Hons, of course, could not be favorable
for seedings which have hsd a poor
start, and consequently our lateat ad
vices are written la a pessimistio strain.
our wraua corresponoents now write
that they think Sullna will have a win-
-.wlr i A AAA AAA Ku-h-l- Af m. V. u t
besides barley and corn, but they reckon :
the total wheat stocks of the country
at only 6,600,000 bushels. -.
The weather last - week was fairly
seasonable, but not at all severs; how
ever. It was net such as would give
much help to the weakly seedings. An
official bulletin for Hungary says that
seeding Is not finished' and germinaUoa
has not been satisfactory. 1 '
i ' , Italy. "''
The weather generally keeps rather
wet in northern district. Our Genoa
correspondent reports some decrease In
the wheat acreage, partly the result of
floods and partly caused by the action
ot socialists, but It seems likely that a
fair part of the loss may b made good
in the spring; . '- ' " w , ,
, Oernanr ' , -''
The Veather Is . unseasonably mild. .
but apparently there Is no anxiety about
the crops, concerning which reports
have now very little to say.
There haa been some mention of dry .
. . V. . 1 1 w... ...
erally the condition of the young-crops
seems to give great satisfaction to -growers.
v. -..-i,.. , ' - -
capacity and the making of pig iron Is
proceeding at the rate or iz)oo,ooo tons
a year. Railroad earnings, both gross
and net, continue to fall off heavily,
and' commercial mortality, although not
perhaps as great aa feared a while ago,
is still abnormally low. On the other
hand, those who believe that beyond the
mere recoil from panic tne marnet naa
Started on the up grade recall the tra
ditional financial dealings to move
lnnar vav ahead of events.
The market will doubtless continue
to show the same discrimination it has
during the upward movement of the
last month. Securities , of assured In
come will benefit by the fall In tha
general Interest level, while others
where the earnings position is not as
good will be Influenced more largely
by what traffic statements ot the fu
ture show.
Range of values:
DESCRIPTION.
Am. Copper . . . .
Am. Sugar, c. . .
Am. Smelter . . .
Anaconda M. Co.
Atchison, c.
Bait. & Ohio
Brooklyn K. x. .
Canadian. Pac, c
Cent Leather ,
C. M. & St. Paul
cnea umo ...
Colo. Fuel, c. ...
Erie, c..........
Am. Locomotive.
L. A Nashville..
Missouri Pao, . .
N. T. Central..
North. Pac- ...
Ont Westem.i
penns. By. .....
Reading nr.. c.
Rock Island, o..
bo. pacirio. c.!..
So. Railway, t.' .
Union Pao......
U. S. Steel, e.:,i!
do preierred .i
Wabash pfd. ...
Great North. ;'iJ.
Soo, C'
Rook Island, pfd.
Am. smatter. via
ts or r oik
v. & r. a. ....
Soo, pfd. ....
.Sales, 39..000 shares.
I 9 I S If I Q
at i B2 i
P or ,
. . s .
' 60 I 60V 49 60'
103 110 109 110
78 77H-73 . 77 Js
31 ilk 31 S1H
6 70 (J S 70U
85.-4 88 86 'J 8i
41 43 4l 432
1674 168 157, 168U
..... 17
ij? Mm
J -Ji swfc S14B
19 20 i li 20
U li:f! lj
87 ..... a?.v
14 34 99 4H
42H 43 41& 43H
96V. 7V4 4 H.
123 124V4 123 124V.
24Vi 36 Vi 84VT ii
113 1H : H8H 114
10$ 10714 106 107
14 15 14 II'
T4 73 74f4 ,7SH
1234 125 122 124
27 2 8 VI 37 19
2 iS 31 83
14 SV4 81; 38 V?
28 ..... ..... 29
?s:;
120 fiiU 'io. tijt
f f . , . . . I. . , . .It ol H
I "Opcn AlllheTimc" I
ABSOLUTE
SAFETY '
OFFERED
DEPOSITORS
i-V ' ' '
.No interest paid on
commercial , accounts or
daily balances. -
MEREST
Paid on Term Savings
'Accounts.
By the old oIdtr:rd
- and tested
G:rn:n-AccrIcnL
t J Al
On
I
i