THE 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