The Oregon daily journal. (Portland, Or.) 1902-1972, January 26, 1908, Image 53

The Oregon daily journal., January 26, 1908, Page 53, Image 53

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Newspaper Page TextTHE OREGON ' SUNDAY JOURNAL,'.1 PORTLAND - SUNDAY MORNING, JANUARY.. 28,' 1908. 13 . 4- A- ; DEALEES TRYING TO r WRECK ASSOCIATION OP PACIFIC COAST IIOPMEN SIIEEP SUPPLIES ARE UN USUALLY SCARCE IN THE H LOCAL V MARKET NOW Latest Market Reviews mih the Trade BUTTER BOOST 'SEEMS MISTAKE 0 Prices Put So High- IIcre -I That Outsiders Can Sell r r Ji -and Make ; Profits. V.V- ' By Strain H. Cohen.' 4 . At the present, writing It looks as If ' the buttermakers of Portland have made ! ." one of their numerous blunders in aa- y,vancin the prloe of their product, at a V time when valuea mould to lower. i, During the pat weak the frtjr moved up SUo a pound by oreamery .' m-n. some putting the value .to 40 c, ..' 'while others went w si - " "j .,,,.., . - tha market -Instead M;of being strong as it should be before any boost in price ia -vtaiQljr showing mucn weakness. .Suje. plies wers, piling up jot only in Port ' lend and In Oregon but to the north of -us and-in California values were going down to tha. band,''' o,jo &p'pllei f butter were' never 'Water i at this time of the year than they are today., The price, too. was wer-so m nign. , .neee oonoiiw .Just opposite to each other, for with ln- i .r.r.1la tha nrlca should be vi vanvu '-a'r , , ar - - ; . -, m, m4A Is W Ar II a.fl Thers is much danger to the Oregon . dairyman In the upward movement of . prices here during the past week. There ' Is always a limit In the boosting of V prices and thla seems to have been reached In this market some time ago. v Instead of helping the Oregon dairy ' 4miii.trw h nuntlnr the higher range. the industry Ts put in much danger be-1 advance on aack bails - 'causa all late price movements erei (Above prices are II days net cash , nave pui nm rurimnu v a o.uoiaiiona.,1 . . whereby outside butter can be aafe y HONEY $8.60 per erata ' brought to Portland and even when sold COFFEE Package brands. 811.880 j- at a reducUon from local values, net im.. v , ' :the shipper a good margin. . SALT--Coarse Half ground, 109s, in ceiirornia mo rrai v uuiwi "iiu.av par ion: sua. i.ov; labia, nairy l0 per lb higherj wild geese. 3401 doa Bona Wool and Blaea, HOFS1907 crop, first prime, 607c; prime, 5H6c; medium to prime, en medium, ,4 ti5o lb; 1906 crop, lt2o 1 contracts. 1008. lOfllle. '' WOOU iuJ, ciu Valley, ,1618q eastern yregon, iibh , WOHAIRtSrtSSUo. .... : .- .- HIDES Dry hides. UtMJo. lot green, 46o; calves, green, 67p; kips, so lb: hulls, areen salt, 4o lb .. . BHEKPSK1M8 ' ,Bharln. JloiJIOo each; short wool. Z6c4fuci meaium. wood, eoctfll each long .wool, ioy li.jt aaon. :-. . - TAUXW Prime,' per lb lcQ4oj NO. 1 and grease. Ifliwa CH1TT1M BAKKee. '"" , r . rralta and Tegetablea. POTATOES Fsney." 0OTBe aeU eastern Multnomah and Clackamas, C(t V65a per cat; sweets, iKV'tio per o. ONIONS Jobblna erlce. fiM i : buy ing, spot, 12.40 2.60; garlic, 7c per lb. APPLES Select. 12.00: fancy Mt.Mt. . 1 QliMI .A, nHln.TCi 1 AA O2-0; bananas, to lb; lemons, $394.(0 dox: . nmca. Mexican t I per ,iv pineapples, 14 04.60 doaen; pears, fan cy, II 60j1.74; oidinary. II a boa; tan- gennea, 91.ee a dox; jap vrapges svo a VEGETABLES Turnloa. new. ttO ISo, sack; carrots, (00 per- aack; - beets, CI076e oer sack: oaranloa tScOll:cab Daaa, SBcoii.zt: tomatoes, uaiiiornn I 1 1 A . t , A K 4 It kanM Ua A. Itl flower. 1 California. ' ll.ioai.20 doa.: local,. 75oi& II; peas, 10c; horseradish,-to. 10; articuoaes, timm.iv aos: green onions, 16o doien; peppers, 17c; hot house lettuce, , fL25ul.60 box; cupum bers, 1 hothouse, $1.26 dot en; radishes. 160. aosen .nuncnes: eaaniant. 10 uo: celery, 71 86c; Cranberries, eastern, 10 Ofzo.sv; sprouts, e per 40. , y ' . Orooerlea, aTata,. Jrta, . SUGAR California and Hawaiian-. cuoe. powoerea .: Derry, 11.60; dry granulated, .: XXX. gran. slated. 16.40; cont A., 15.60; extra B, IS.10; golden O.. 1500; D. yalloar, 14.60: beet aranulatad. II.4S: bar- rele, 10c; half barrel a, J6c; boxes, too "dropping Instead of showing an advance. I Joa! $18.00: lid .the clos of the week showing a net j imported Xlverp ..J. - ...1... T Ma. w..1r mvhllA Mini IIQAAI . 1BA1 IVUm W . u , www ------ - f..v.. .w.vv, .. .1 iijiv valine fancy creamery could be purchaaed lnta and 10s, f 4.fi0lVB.e Liverpool lumy 100a, 118.71; balea, 12.60; 01, sua, siv.wo;- ivos, extra fine barrels, la G.r Vnnoliva anil landed in this mar-1 rock. 120.60 oar to: fid-lb roclc 11160: ket with all charges paid at MHa 1 yet joos. 1 11.00, . . , the Portland butter men advanced ; their I . (Abova prices apply to sales of less price st the sama ume irom iin w iv man car iota ar iota at special prices a pound. ' ' subject to fluctuatlona) Iuvesttgatlon shows ' that the Fort- RICE Imperial Japan, No. 1, 6e; Nft land and other Pacific coast markets I. IHo; . New Orleana. head. To; are glutted with storage butter, which AJax, 6c: Creole. S-ae. tuLA.no email wnite, i.zd; rarge white, 14.10; pink, $4.10: bayou, 11.10; Lima a 11.60; Mexican reds, 4Ha - NUTS Peanut a. Jumbo. IV4o oar lb: Virginia, 6o per lb; roaated, (a per lb; Japanese, 6c; roasted. 7o fine nut-), 16o per lb; hickory nuts, Oe per lb: brasll nuta. 16o ner lb: fil berts. 15o per lb; fancy pecans. 1620c per id; aunonaa, iso. Keata. nak and VrorlBlons. FRESH MEATS Front street Hogs, Is going begging In the wholesale places at 100 or leaa per pouno. . '.JaOWER ego movement. Prices Drop Here' bat Other Markets per lb; -wainuta, California, iso per lo; Aro Showing; HeTler Dosaea. , s-r hava drooced considerably tn the local market during tha past week, owing to the very heavy supplies, ai toe close o me wee mu ww r- : ported in a lew nsnoes low a, ordinary. 4aV4c .260 a aoaen wr ma ; i iuaS bm ih; vmi rtriT sit Svtn this erica seems rather high In 'rV veh. ,Vai "J. kcomoariaon with the" valuea in other ." f . j$ 1 ... mwImam In OArtl.nA I wr. vv, Lf, ui,vu .i.uvii ' T,t.Hn'ln tha north and .... BACON, KTU. iOrtlna pack ;o7th. .it wiil pTobably "cause Urge ship. Jtg'iBg. tftf "f ? tf fff.MnS iHctfaltSn; XiiV&f IS OUR "FISHING IN DANGER? OREGON ONION GROWERS HOLD COAST MARKETS IN FINGERS Scarcely 4f ford to . allow the Importa- null u. v..w w wc,. - .'the Portland market, because we have . already more aggs titan the trade is Table -to dispose of. ,WhUartha moye- ,Vnen of prices has bean downward, It seems tnat fast enough -Shipments. ,Iacted ranch eggs to this city . as low fi m tic a doaen f. o. b. thia, city and f" southern ngure ;; shipments win tion -a per lb; regular short dears, smoked, lle per lb; unsmoked, 10o per b; clear backs, unsmoked, 10 c; smokad. iic union Dutta. 10 to 110 idb.. un smoked. 12c per lb; smoked, llo per lb ID 10c ces has been downward, Itl V; .fuZ nam okaTiluo naV to. hold In .check oujalde ib: nickled tonruea 7ec each" v ' I T A T r- V- a I - a an ai ---- . w I AAAAle 411 JVC I WO JCai. A US. II T .1i,",k '! .1SW. .auf" ?.ti,.Vlnw P' : 6s, 1SH0 per lb- 60-lb. tins. 12 earn reudered, 10a, 11 Mo per i?ko ner 10; comnouna. iua cai prica moon ""lalio tep lb 'iii .AuliJ thu'dii ! VlSH-lteck cod. ltKo lb; flounders. 11 be made In thla dlrec- ja p Jb 10a per lb; striped rki.b.n. n1 In fact all lines OI I ;ciTli. . rr,? Vrr.. 'iWa-W huylng de- fie'llo pe;" '""" "rr",w I 60, id; soles, "0 id; shrimps, 100 IirtlVfllllDII a nas mw tr n -w days or the weea. t l amillu than antlclD ue being- effective in atoppl ments tea great exienx.-a n.. .r gUver amelt, 7c per lb; Columbia OTSTER3 Shoalwater bar, per gal Ion. 12.60: par 100-lb aack. 15.00: Dlvm pia. per .gauon. 11.40 par 100-iB aack. VW.VVV.WV. 4l VIUW, VV, VU, , I dosen; eaatern tn eheli. $1.7 par bun- area. , -.--:.-; CLAMS Hardshell, per box. $1.40; raaor ciama. 2.ou per dox; 100 per cos. Paiatav'Coal OU. Etc ROPE Pure manlla, 14o; standard. per in rt.Mrt km nt. in. r nm nnr i n 'ma . . W.. W.AM I IV! W.M ww VW. . W .1. WU. ..u un, .W. ited- the Tow "yai. nohsters, 8o per lb7: fresh mackerel 80 Ln.f ?H?R! aeon. 11 Uo ner lb: black baaa 10a aer MANTf SALES OF HOPS. l lDesJen .Porchase M HeivT m Po- , sible Contracts t 11 Cents. Over 1,000 bales of hops wera sold by ' t n...nn iliirtntr tha riant waek. , Bales would have been even larger if ? the dealers Bad Uieir eyn way in in v matter, : for everyone: naa oraers jo i bti at tha low figures now ruling. In . th wBk' movement thene were no .iiniru hnna t-Annrti1 aold: growers hav ing-this quality being firm .holders be- causa or in e low price". . ' -r Prospects for the Hopgrowers aaao- i" clatlonr- were 0never brighter than at ' thla time Dealers are expressing mucn w uneaeinesa because of the spread of 1 the , organlxatton . fever and ara buying all Hhe-neps they ean seotfra on thij ; account.- Not oniy are may pujiua- v. hops but they axe contracting all the 1001 and 1909 hops they can get around llo a pound. - The plan, of the dealers Is to secure ft sufficient number pf contracts on .the coming two years to offset iwhatever innuence ma uaocia,- tion may have on the maraev - FRONT STREET REVIEWS.5 12 Wc: sisal. 10 Jio. COAXi ' OIL Water whlta tank a. UUe: case, lStto; headlight, casea, lOo; Elans, cases, S8c; Eocene, cases, SI Me gallon. GASOLINE 81 deg cases, 14Ho per gai; iron uma, no per gat. BENZINE 80 deg., cases, S60 per gal; Iron bbls. 23c per gal TURPEr TINE In caaea. Ila rar sal: wood bbls, 9lo par gai r . WHITE LEAD Ton lota IVeMr lb: ... , - . . . y , . , . all - vvv-id iota, o par in; less ioib, wikjs NAILS Present basis at 13.10. SPOKANE BILMNQ EXCHANGE. (Furnished by , Downtng-Hopktng . Co., Members Spokane Mining Exchange.) SDokana Waah Jan. 15. Ranaa of prices: Alameda Alhambra Alberta Coal & Coke Brief Mention of Varions .'Lines , of 7 Wholesale Trade for Week. . , 1. ' ,,.. v.tt Bell c -v r " , . . ... , 1 Bullion MS priurp w www Inharlaa nirkana "-.iTi. hi--hr. j . ''.-. - ,. I Canadian Con. Smelters " '" y . J "'".'L. . ... I nnn.r TTInff . .... uressea nogs in Booa suppiy. wm rrn, - - nor market, tnat ateadv at 7o for best Run of Columbia smelt nominal dur-l in-, tha ant Taw . fl&va or . ma wees. priees nominal at, 80 .again. V', Annl demand la datlv increasing. Prices are-.showlTig but little change because of the low. price on oranges. prices paid ahlppera are less regular fllniL"Bira Dominion Evolution Echo ....... . . . Galbralth Coal. . Gertie ......... Hecla Happy Day.';'. . . Holden Q. & C. . i.zi.... . ... . .f., ; , , . nvDouievK coraun-oMM.... ' -: 1 ij,,n n.v : v nil urain. z-ioiir ana rua. c 1 . . . . . - -. . . ,m . ': . K 1 International coai & cox, hu UKAlfl DAUO -r uicH.ta, 10, large I VonrioJ 1 . .... RR Iota: sman iots.- IV.e. . I Lucky Calumet . .v 15 . wheat Track, nrlces Club, tin w7r..i.Hi.iI. .......... redRusslan, 82c; Wue.tem. 88o,aliay; fi ;Sl I"!: lie. ''-" .yv-v ..-,!-.. -' : : I tr.,nii.i,t '..-:... .. ." 9 Bid. .Ask. 8 42 -.It 19 85 4 13 74 80 8S ,4. ..250 800 286 850 85 '.. 96 " . 81 . 7 : . 2 : 4' 95?-mkei?ckVi54 Nabob:.:::::;;::::: : : i?- i ' I W7 er .tons gray. $2886.b0. park Copper l ; a rFLOUB- eastern uregon ; nstenta 1 ta.i,i r-nrthnn .:'eiz--"e ... 1 v- 24 88.90; 14 i-tex 111 iu j. j ............ . Bonora . i. . , ...... i, .... Knowshoo ' . ,i .. ',-,. ., , . .', .V .' ,- 8 Snowstorm ............. .128 Sullivan '. ... ... ... , . . ... 8 Sullivan Bonds . 60 100 60 Wonder . . . ..... . , . ; . . ' 1 Bales 1,000 Dickens at To, T.O . ....... 84.96; straights, 84.60;. x porta, vallev. 84.30fi2t.60; graham. Ha. whole wheat ; 84.76; rya, 60s, ' 86.60; MILLTSTtTFFt9 Nominal Bran, '824 torn middlings. 829.; shorts. COuntrr. 22Ti cltv. 826uchon. 819022. ; ! ' f?."1 .Arr"r.. 1-1" rr -""vl"'. 1 stewart i ...... ... v in. mei ""Z''A "f STriT 1 Tamarack: cues. ex, r tii - vea.a as wiss w imiaou, 810810.S9; clover, 810O18; grain, 8105 13; cheat HKVIS. Umj; . JH'-. Butter, Ejgs and yomtryvA BUTTER FAT F. o. b. Portland Sweet cream. 86c; sour, 84a . . BTITTKR-Eitra : fancv fresh eraa.M ' ery8740e; fancy, 87e; choice, 860; ' ordinary, 32 He! best storage, 27HS0c; second grade, o? store, oo a pound. ; EQG8 Extra ' fancy, candled, " 25 26Hc; eastern storage, 17lo dosen. v CHEESE New Pull cream; Hate, lSo per lb; Young Americana, 17o par lb. .-.v--... . - ' POULTBT Mixed CQICKenS. IZVI 0 ISO 81 UO 126 8?H 108 100 -8 00 Ger tie at 4 4 c, 1,000 Oom Paul at 7 Wo, 3,000 Panhandle at 4Me, 9,000 Panhandle at 4 Wo,, ; 10,000 -.panhandle at 4c, 400 Snowstorm at 11.26, 600 Snowstorm at LiTerpoot -Wheats Slarket. ! 2 Llveroool. Jan. IS. Mav . wh at 7-7 H.i a gain,, of ; & kbove yester ' I 1 I II . 1 ,-. ; X- By Hyman H." Cohen. Oregon onion men have the onion market of the IaQlflo coast In their graap- The price they are receiving has advanced. to $1.60 per 100 pounds, while the wholesale market has risen to 83. - . - ' "' Up "to this tima .Uiey hava had ab solute control of tha onion business of the coast and they hava received prices to which they are fully entitled, accord ing to supply ' and demand . Some of the growers ara not satisfied with this snd ara holding for 83 or better. If they can receive this the trade aay they are entitled to It However, tha market Is now in a position where 1 may go un suddenly or down. The situation is this: The Paclfio coast onion crop Is very short and supplies ara not sufficient .to meet tha demands of tho trade aven at the high price now ruling. Practically all tha available supplies of onions grown on tha coast are held by Oregon producers. These ara generally holding lor aovancea ' values. Onions can and are now being landed In Los Angeles and San Francisco from Minnesota at $2.15 per 100 pounds de livered,' Japanese growers are offering onions from Japan at 12 per. 100 pounds or $3 with duty and freight added. The Minnesota onions are about or tne sama quality as the Oregons, although they, are probably not as good keepers. In appearance they resemble the Ore gon Denver. The onions being offered by Japan are In appearance very sim ilar to the Oregon-grown 'article, but are only about hair the sise. Dealers say they are quite willing, to ray 12.60 for Oregon onions rather than Ska chances of shipments from the eaat being frosen en routa Beyond thia figure, they 11 say, that they Deneva 11 wm pay to iaaa tne cnancea. Beyond present prices there will be kMV, AMFMa In AAniiimnMnr K.i, whether It will be sufficient to hold the market value In check, none are able to aay at thla time. Borne are a-ueaslna. nowever. . , . JAPAN IS MAKING. ITS OWN FLOUR AT A. HANDSOME PROFIT 1 ii 1 By Hyman H. Cohen. Can Japan with the aid of Its duty on flour drive American flour out of tho oriental market? This Is the ques tion that Is being agitated la milling circles all over the country- Tha ques tion is answered in tne affirmative as well as in the negative. At this time the Japanese govern ment imposes an import tax or b.i cents on a barrel of floor and 12. so a bushel on wheat Japanese flour makers therefore can import all the wheat they want from the United States or Argentina! whichever Is the lowest and even by selling the flour at what it cost toe American miner to manufacture ' It and pay the duty, the Japanese miller can make a most handsome profit It is for thla reaaon that Japanese flour milliner haa made such wonder ful strides during the period since the war with Russia. There have been many stories afloat why Japan does not come Into the American market for flour. However, millers who hava atudled the situation all agree that It will bo Impossible for the United States to again aeU Japan any great amount of flour unless there Is an emergency call and the Japanese mill ing facilities ara net sufficient to meet It The cheaper labor employed by the Japanese as an element of much eon earn to the American miller In trying to compete with tha Japanesa miller rar the riour trade of China and tha rest of tho orient American mills hava a great advantage in tha rr eater de mand and better prices they obtain for tna pyproaucta tDe miureeas and un- ui japan rinaa just aa good a market for its . feeds tho American miller will hava this -advantage In getting Into other oriental markets.- 1 -At this time there is practically no Oriental flour business offered. Buyers on ma otner siae are not aven inquir ing for supplies and most of tha mills on tha Paciflo coast remain Idle because local demand is not sufficient to take cara or tne surplus. Because or. the small, oriental business Pacific coast millers have sold more wheat for ex port this season than ever before and ara still selling. There Is an increas ing call for our flour from California ana otner sections, and this demand may ' In tima need all tha vilahu wneai biocks 10 ruiiy supply. uunng tna past, ween .there was a shade of weakness in the local wheat maraet on account ox tne Liverpool (in cline, and tha lower range in Chicago. Prices here held rather welL the nat loaa for the week amounting to bat 1 cent & bushel. fa rj n a tells T ABOU onions President of Confederated Association Writes of the Oregon Outlook. BARLEY PRICES Oil RAMPAGE III FRISCO Tacoma Wheat Market TaDAms . x;. Tan IE TaTV tt per pound: fancy bene. 13o per pound; clubj82oT bluestem. 84e' ' Foosfers, old. JOdf fryers, 13o lb'i brolU p " .? S'ueatam, 1 40. era,. 13o lb; ducks. 16c; .geese,,, old, i :-,',. . l ' : llo Per lb: turkevs. alive. I60 lb: - Chlcaeo Caah Barter. : ' '. dressed. 17c Ib: aauahs. 82.60 - doaen: I Chicasra. Jan. 48. kbft.w it.o Dlgeona,. $1.2S doa.; dressed poultry, lt 1 Its. - - - T ' . By J. A. Fanno, President Confeder ated union urowers Association. According to reports gathered by the association one week ago, there were 78 cars of. onions left in the state of a total crop of 286 care grown; of which 100 care were grown for seed, leaving 1Kb cars or commercial onions. i.ne nnlona. 'which hava bean movlnr since tne season runy opened, at uie raia ui 40 dare ner month, will not last mucn aner tna rirsi or Apru, woue ma bow aon will laat until Slav 1. Tha Australian 1 croD will be due about April 1. a lew early sorta may an-ive a f aw . dava aoaaer. These . onions ara ahipped at purchasers' risk and the first iota usually arrive in very poor ouaui tion and In soma Instances entirely spoiled. .. To make a profit they must be aold at from i centa 10 s cents per pound." . . ; The Bermuda onions arrived in the market last year after the middle of April and were sold at 6 centa per pound. The first eastern onions ever brought to thla coast were sent to Ban Francisco during last December. It was dnna : annarentlv to discourage holders of Oregon onions. Reports come through Front street tna tne last smpment 01 eaatern oniona . waa frosen in transit and occasioned a loss to the afrlppers. The western Oregon ' onion, due to Ita .nMSoe-nlaed suoerlor keeolna auali- tiaa and flavor, haa taken the lead over all others and brings an advanced price whenever it ia onerea zor saiew ? New York Bank Statement. -New Tork, Jan. 25. Bank statement: ;. ',' -: - ' Increase. Reserves ;i ...Ktt.i.M 14.449,026 ac less u. . ia,Bj,au Deposits " . . . ........... . . , 3 6, 070,600 Loans ..................... 8,892,000 Specie .. . i .. .. ,.. - 21,216,600 Lejals 1 . . . ... 4. 2,468.400 Circulation ................. 867,100 , New york-Londor Metals. (Hmnt N4rs bt tonat VttnS Wire.) v .- New York; Jan. 35.--B9J - Stlvet 1 London today was quoted 1-16 d higher at 26d per ounce - Today's New Tork price waa 2e higher at 66c. , - Mexican dollars were, unchanged at ' (Hearst Keas by Longest Leased Wire.) . Ban Francisco, Jan. 26. Wheat car goes on "passage were depressed on large offerings. The English country markets , were steady and tha French were Quiet , In Paris there was no change. The local receipts were 4,690 centals. There was no spot business and prices ' were nominally unchanged. Futures were entirely negleoted. Hay barley declined 2o ner and spot feed waa dull and weak. Choice orewing is comparatively scarce and haa been less affected. The receipts were only 600 cenlala. . ; Oats and beans were Unchanged. The receipts of oata were pnly 660 cental The hay receipts were 684 tons. Another carload of eastern corn arrived, , The receipts of flour were 1,318 bar rels and all from interior mills... There u-o reporiaa price cnanges. With lessened receipts of eggs and a better demand since the axposa of the relatively high prices asked by retail era, the wholesale market has strength ened some. There waa a further ad vance of lo per dosen for fresh extras, firsts and thirds, and the market closed firm at the advance.- Storage holdings ara very large and such hava been ex tremely weak. California storage firsts declined 2o and seconds lo. In - fruits there waa a. rift in h. clouds and some aunahlna. hut t ma.. kot was not appreciably affected in con sequence. For Saturday trade waa of very small volume. Two carloads of nlei oranges and one of tangerines arrived; also a carload of lemons. Seed less grapefruit waa firmer- but there was no demand for seedlings. Only 16 Chests of strawberries want 1 celved, and in rather poor condition. sales were made as low as 65 and 75c Peddlers were plcklna soma or tha nt't quality oranges and bananas. - There wars light receipts .of potatoes' and none of oniona. The former were. weak and the latter were firmer. Re tailers paid some attention to small vegetables with nricea aenaralllv . . previously ! quoted. Bell peppers were Prifc. in 'arniMl demand and t.tk. 1 Chile nenners were aulte nlnntlfni alow sale. Rhubarb waa dull and weak, also green peaa. Mexican tomatoes were all cleaned up.. , :5y ' 1 "v ' A Big Bend Wheat Is Good. i Will Van Sklke. an extenalva" wheat frrower of the Big Bend oountrr U vis. tin' relatlvea nn tha eaat aida. . Sf Van Sklke states that the Wheat acre age around i Wilbur is being increased on account or tne - unusually good weather.-' Hla ,wifa and .son aooomna- nled bin on hla trip. ., ... GUGGEIIHEIIilSi LOSE SMELTER , i , BeUef Gains' Ground That Big Financiers Are JDown and Out of the Concern. Ois e the icarket. , e Quggenheima lose control of 4 smelters. - . e) Northern Paciflo to pay extra e dividend. . Merger of Amalgamated and Smelter talked about Bank statement Is very favorable. e a STOCK MARKET GAINS. 8oo Amalgamated i. Am. Sugar ,,..2 Ami Smelter . ..1 Cotton OU ..-I.. Krle L. A N N. P ..1 Mo. Pao. Reading So. Pao. LSo. Ry. Ui are eseeaa U. & Steel do pfd. Anaconda Atchison ...... b. a ; Brooklyn Canadian , Colo, Fuel O. pfd. STOCK MARKET LOSSES. Cheaaapeako 4k Ohio 1- 1 11 ) By Thomaa C. ShotwelL ; (BMnt Hews b Loofest Im4 Vlre.) rJatM Vnrlr Jan. X&. It can be stated tiAra an authorltv that Is as good and perhaps better than official that the Ouggenhelma hava loat control of the big American Smelting A Refining com pany, and that the Northern Pacific comoany will declare, an extra cash dividend. Of .10 per cent These state ments are made wunoui anj quaiiuca, iinn whatavar. - Exactl when official confirmation will be published cannot be. said. -There may be some news with in a few days in regard to the smeltera Tha Standard OU Interests are In abso lute oontrol. and they may leave the nue-a-anheima in the management A merger of Amalgamated and Smelter with tne unuea utuui waimi is talked-about but does not seem to be reasonable. .t The cash dividend on Northern Paciflo may be declared tha first week in Feb ruary, but soma of the directors think It would be wiser to delay action untU later In the year. It must be paid De Tonn.rv ntharwiaa tha new stock would share in it Under the terms M h nn atnrk laaua nrovlsion Is made for an extra dividend to tne oia biock. Out of appropriations tor aaaniona anu betterments from time to time In the .) in nan tha Northern Paciflo has accumulated an unexpended balance of above 118,000,000. Tnis is in spot cam. and haa been transferred to the cap(tal account Tho extra oiviaena naa nam ing to do with the profits coming to the Northern Paciflo out of Burlington, and it is possible that even a larger dlvl AmnA mit ba declared bv countlna In tha Burlington surplus. Declaration of an extra dividend oy Northern Pacific thla spring wlU be a severe blow to the stock market Smelters and Northern Pacific were the life of the stock mar ket today transactions in other shares hainir unimportant The resignation of James Stluman from tne riarriman boards had no effect on the market Th. Kaw Vnrlr hank .statement was just about what the atreet expected. ADVANCE IS ANTICIPATED. . Market Conditions Look Better and Monetary Affairs Improving. (United Preas Leased Wire.) Waw 'Vnrlr. Jnn. 25. Bach day t re gents further indicationa to confirm the belief that tne stocx maraei i graa iiit tMuwitnina'' mora professional in character and leading operators believe that from now on unui .inere irrunmn takable signs of a turn..-for the better In tha railroad and Industrials, situa tion anit tirice movements will be gov. erned largely In dayy.to, day trading. LIVESTOCK IS QUOTED SLOWER Light Arrivals in All Lines. Hogs Depressed With Lower Values. ; PORTLAND LIVESTOCK nUN. ' . Hoes. Cattla. Sheen. Past week....... 68 1007 ............ 214 1006 ............ 400 10 637 640 211 44 905 170 1.224 214 4,223 Portland TJnion Stockyards. Jan. 25. Business in all lines of the local live stock market was on a very small scale durlne-. tha nast week. Receipts were small and were hardly sufficient for one day's run during normal trading. The weakness aispiayea oy tne nog ni&i-nei was a feature or note Deeauae 01 me small local, receipts In that Una. Dur ing the week the total run reached but ml haif. hut for tha same period in re cent seasons tha arrivals were smaller. Weakneee and-consequent lower prlcja In the eaat and middle west added to Jie preasure upon the local market Pack ers are purchasing practically au f th. aiitiniifta in uimiaaii wi aviu ara thr m. tlma Imorlnr this market al together. They claim aa a rn i n fui h.t a hatlar elaaa of stock can be purchased elsewhere at a low level of ail their supplies nere xnwj wvuiu have enough to seep meir (tuwu mu nlns? uarv inns' During the week the small demand eaused best, stuff to sell es low as I A year ago for tha aame penoo ooks were rirm, dui were iwwi . Cattle run, while small daring the pes els deye, was aufficlent for the small w J a i m. iD. aHa f III. wants or tne traoe at inia umn. ers showed no disposition to bid up on valuea and took all that came at the prloes quoted by The Journal. A year ago for this period cattle were firm at uncnangea values. Bh..n rim Purina tha cast week was almost too small to figure upon. In all bat 170 head arrived, as compared with l.zz a year ago, two jwm b anu in haad three veara aao for this same week. Killers say even the sheep now romlnff are not or suitaoie qusjiTy, an thla ia aald to account for the ata- tlonary price even in tne race or nomi nal arrivals, a year agv um wr firm. Official yard prices: '...V. Hoas Best eastern Oregon, (OI.2B; China fata. 16.00. Cattle Best eastern uregon sieere, 14.0004.26; best cowa and heifers, 13.25; bulls, 31.762.00. !... Sheep Best wetners, ; iB.ioipo.evj mixed and best ewes, 14.0004-60; lambs, 85.25fl 1.60. - 6HEEPMEX TO PROTEST. IBM DO'I Loses About 2c for the Day Decline Made Lateu 'C. Mar July CHICAGO WHEAT MARKET. Wn.' Close. Jan. 24. toss. 87 11 There are some who believe the pub lication of United Btatea steei earnings xt week for the last quarter of U07 will' atlmulate a more pronounced mnuatnAnt in ona direction or another. Others maintain the report Is not likely to reveal anything with which the finan cial community is noi aireaay iirauur. R&llrOad and industrial officials still take a rather cloomv view of the pros pects and declare there are aa yet no substantial Improvements In the general pnnitltiona and maintain no definite change In the trend of business Is likely ror two or wree monms. Today's snnouncement of Germany's reduction or tna minimum discount rate from IU to II per cent taken In eonnection with promise of a eomplete retirement of local clearing house cer tificates next week, close market observ ers believe, may be the basis of a moderate rally in seourltles. , Thia has been a week of uniformly de clining prices. Stocks have now reached about 26 per cent on an average of their gain since the beginning of the year, and some improvement temporar ily is looaea ror merely on tecaniosa conditlona ' Rinn or stocks: Range by Downlng-Hopklns Co,i DESCRIPTION. AmaL Copper, A1 PUu. ,,. Am. smelter... Am. Cotton OU Anaconda M- Co. Atchison, a Bait & Ohio,... Brooklyn R. T. . ganadian Pao , c. ., M. St Paul etiea. a Ohio... Colo. Fuel, c. Erie, o Am. Locomotive L. & Nashville. . Missouri Pac. . . . N. T. Central... North. Pao. e... Penna By People's Gas.... Reading Ry., o... Rock. Island, c So. Pacific, o. . . . Sa Rail way. c. . . Union Pacific, c. U. 8. Steel, c. . , . do nref erred... Boo com 600, pfd Great Northern.. Smelter, pfd.... Sock Island pfd. etropolitan penver & r. u a 7 2 ts; . . "a I . . 1 : w . 49 7f 49 49Vs . 112 113 112H 113H . 6$ 66 63V 64 . 8241 2241 . 83 82U S3 I2i 7l3 71 71 -86 4 1 87 86H 87 44 HM 431 44 149 149 "! !H S5v iJi ZKI iVAl Xl 119 l is" 'ie'TiVi 16 8 854 97 44. 44 43 43 97 97 96 9 136 127 126 137 112 113 112 112 86 86 84 86 100 101 99 100 '74 '74 'W "4 .v 103 122 123 122 123 28 28 28 28 m .n m a a ate 129 121 120 s8& ni ... 21 20 20 20 20 Total sales, 222,600 shares. COPPER SHARES ARE RISING BOSTON jHearst Mews by lout est Iid Wire.) Boston, Jan. 25. Some 21,000 shares of copper 'changed hands ia. the - local market with 383,000 worth of bonds today. Utah. Mining - ran up to 38, a rain of 1; lala Royals to 26,-from 26. Theko contributed 1.500 and 6, 600 shares respectively. North' Butte was heavy, falling to 49. "Old Do minion rose 1, to 861 Copper Ranire tm to HU. ' Tim market was honnful and broke s went .'bome encoura4. Woolgrowera' Association Sends Rep resentatlves to Washington. Pendleton. Or., Jan. 25. In order to make a determined and aggressive op position to the forestry and range regu lations in Oregon the Oregon Wool grow ers' association haa aent Montle B. Gwlnn, president of the Pendleton Sav ings bank, and one of the leading sheep men of the state, to. Washington, Dis trict of Columbia, to present the griev ances of the Oregon woolgrowers per sonally to Forester Plnchot and to the Oregon delegation In congress, in the hopes of securing changea In the ad ministration of forestry and range ques tions in eastern and central .Oregon. The sheepmen object to migratory bands being given choice allotments of range in the reserves and believe land owning and home-owning sheepmen should Tisve preference In range distri bution and that the income derived from tha aaia of ran ire in the forest reserves should be snent in the states In which the income originates,, ror tne improve ment of the reserves in tne way 01 roaa and . trail making, telephone lines and better pay for rangers and supervisors, and that every effort should be made to prevent grafting qn tne part 01 petty forestry officials. t a -The aheepmen also want a fixed set of rules for reserve matters so that iihnrAinat nffiriala will not have au toeratlc power in the adjustment of range and leasing problems. Mr. Gwlnn wUl make a determined fight for better service In the forest reserves In Oregon and has the entire force of Owgon woolgrowers back of him In his efforts. It ia understood the Oregon sheep men do not object to tne rorestry poncy of the government but they resent the annoying petty regulations and the al leged autocratic power of subordinate fficiala. HOLD CATTLE FOR RISE. Cmatllla Feeders Await $4.50 Be fore Letting Go of Stock. .-... St.. Y- c TTma.llla county cattle feeders are now holding their cattle for 14.60 per 100 pounds on foot and there is every prospect iney will Mnalva thla tirlce dy reDruary 1 ra t H hnvera ara now offering 84.26, About 1,000 steers are oeins ieu on nac Vav nt nimh nreftka. tributary to thla city, and there la no disposition on the 8 art or any or tne xeeaera o aon uuu aey can get 34.60 per hundred. Tha enwa and the culls have been sold off largely and nothing but prime steers are belnc fed and the feeders believe that buyers Will come 10 uieir prices wi.hin a tw weeks. There Is a short age of fat catUe in the northwest and Umatilla county, being one of the chief feeding centers, will furnish a large part of the spring supply of steers and many feeders expect to reoelve $5 per 100 Dy Aiarcn 1. 'sliding is continued. Hogs Drop Another Co In the East With Very Liberal Bun. Chicago. Jan. 25. Hogs, 14,000; cattle. nn- .hi.cn 1 boo. Hosts are 00 lower. Mixed 24.2004.47; good and heavy," t4 saisi .474: rou eh and heavy. I4.1U4J) 4.20; Tight,. 4.064.40. cattle steaay. Sheep Steady. Kansas City. Mo., Jan. 25. Hogs, 6,000; cattle, 600; sheep, none. Omaha, Neb., Jan. 25. Hogs, 6,000; cattle, 100; sheep, none. ( - Sell Wheat at Weston. Weston, Or.. Jan. 25. Considerable wheat has been sold here in the past few 'days. About 40,000 bushels was aold to local buyers at 75c It looks as If many of the growers would sell, at this price, and there will not be much left in the local warehouse by spring. - ; Canaries Steamship Pets. " From the Boston Herald. ' ' Few and far between are the steam ahina entering the port of Boston that cannot boast of a canary. No matter how battered ana rusty tne crait may be one is pretty sure to find the canary somewhere In the rooms of the officers or crew. Its cage, aa a rule, -is a won derful creation of brass wire and lace, and the canary himself usuajly is a singer whose trill and whistle are of the neat- - . The little aonasters appear to enlnv life on the -ocean. Seldom are they in convenienced by the motion of the ves ael, and the mora the cape swings from Its hook the more they warble. Sailors will ten you a canary is a maseoL lie that aa It may, the canaries are ar. it pots. Frequently one may ste a sui.ir on tna water front luteins r.l3 tU4 a i cage to some new bMw? a at i J.V-0 t?alta4 Press Uased Wfce.'... - ' Chicago. Jn. 86Inths tmrnedjata opening trade May Wheat was at the same price that It waa at tha and of the previous day's session. The full significance of the early oable news had not been graspod by the traders la he pit. but It did not take long to en IlKhten them, then came selling until the price wa tumbled to the figure which are "down' for the day, afford ing protection for the Ume, The prinoi Pk of Jh selling that brought about the weakness waa tha eatlmate bv Broomhall that the world's shipments this week would amount to 10,400,000 r.,r . J Australia aaa.eon- trlbuted l.4U8.000 bushels to the week's total. Steadiness at the start waa be cu o Liverpool showing an advanoe Sf ,d ln futures and t l. the gala for Australian nhui m t mrt Vw. mestio jtatlstlcs of the dayV move ment did not help the price. Minneap olis and Duluth received 12 oara, ...In.l AAA I . .-f rei,. ww ia. i jrrar. . -i . ' The market gradually "lost grand throughout tho session . and holders near the close were verging. upon pan icky when the May price got . down around 31. That price was touohed for a moment, and the close showed a net decline of lo for the day.,,- -s , Heaviness of the wheat market so soon after the opening bad iths effect of inducing salea of oorn. A f decline that started struck an obstruction after o decline, at which point It appeared to the pit traders aa If soma influential Interest was Inclined to afford the neo eseary support. Liverpool .waa from d to d higher, because of the pre vious day's flrurea here. .. Whlla tha speculative market was very heavy tin der the Influence of wheat, the. sample market was steady and price paid for the carload offerings tha aame as yes terday. At the close. Mar 'corn a bringing 60 and 60e, the loweat bar ing been 60 a. . The lowest price iTi day was 61 and 61 a. . . j . The price of eats autares want the way of the other rralna to the evtant of o decline durlna the flrat hour, eind after that there waa nothing doing. The marxec ior ine aay-s recetpta was fairly steady, and the bulk of .the afferlnaa brought the earns prices aa Were paid yesterday. The market for the ho hrodaota ba a firmness at the opening which later gave piece to weaaneas. a . . Win.. -Ja m J It-all A A . r, l.wav " unci, .W. .VTA, SUflfl.,,; No. 3 red, 94099c; No. 8 hard. 9o ii.vt jno. 1 nara, zsi.vz spring. No. 8. f 1.0091.0s.. V " Corn No. 8, 64o; No. 3 white; 63 a; No. 3 yellow, 64o: No. 4. 604 - uau ino. n wnite. rtio; no. white, 4949o. v .V .4 . . ine range: ( WHEAT. :i'. Hlrh.' Low.f C May July May July May July Jan. May n. .......102-" 102' 10O j ....... 98 ? 98 , 7. CORN. , ,.;.;r; i : n .....v tfZ '68 OATS.. 12 -44 MES3 PORK. ' ''":- see 1387 ! 1297 Low.' Close. 6 OK' 68? ".ft 1386 1247 1117 BREED SHEEP FOR A FINER GRADE OF WOOL (Speefit Dispatch to The Joarosl. ' Prinevllle, Ory Jan. 26. Charles W. Colby, James Cram v and H. Baldwin, all prominent - business ,, men of this place, have -incorporated the Diamond C Wool company, with the principal of ficio at thia place. V The purposes of the company are tke ... breeding of sheep, especially of the fine wool breed. Colby has been in the sheep business for. a number of years in the Crooked river country, and has - considerable land about fifteen milea south of Prine vllle, some of which is Irrigated from - Crooked river," - Cram has long been in the cattla business In that Vicinity, and controls a - considerable . area - of valuable lands finely adapted to sheep rrailna. Baldwin ia assistant : cashier of the First National bank. - All are men or excellent business abintv. f ha company ia Incorporated at 115,000 and already owns mora than. 2,000 acres of land and 4.000 fine bred sheep, which number will ba largely Increased. n ABSOLUTE SAFETY -. OFFERED DEPOSITORS No' interest paid cn commercial accounts or daily balances. Paid Lilitii on Term Saving Accounts. By; the old , gold trie 1 , "and tested Gcrcdn-Ai:::;-": Corner f ; r m i