The Oregon daily journal. (Portland, Or.) 1902-1972, February 02, 1908, Image 53

The Oregon daily journal., February 02, 1908, Page 53, Image 53

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Newspaper Page Textl;.V t - THE OREGON tJUNDAY JOURNAL, PORTLAND, SUNDAY MORNING. FEBRUARY 2, 1 1008. : v. I , i .I i .i i. i ..I . :(. ; i '.."!, , , , , '' 1 1 .'.t' , , : v. y. - : t ' ......';.,, 1 , 11 11 Wuld::0ust -Ja OrangSf Latest Market Reviews ' IWh ftc Trade 1 WiU KotBea sSSwitS ' 0n Acconntof Infection. ; ri ; . H , 'out Much - Energetic Work. ' 11 1 I i 1 'r ' -v- 1 1 1 11 11 11 1 in iii 1 ' 1 11 1 1 I ' ' HI ' " 1 n 1 I IIP! UNION PLANS ; Hop Orgimizatibn-Buffering ' From Lack of Work 01 1 inoso at 11s iieau. . '.'''" u.mait H Cohan." . V' few. nariod for th All elation of Paclflq Coeat .Jlopg rowers la now at hand. , a Th union la In th balanc and may Be' a success OP a lauur.- ha mmau.mah l a at a tAndatlll 4 Tha reaaon for tbia la th inactivity , of tha -director at a-tlm when w thing depended upon thm. Tny hav tood by and allowed tba aocUtlon nmtvt In .hwnini luk Wirm. ' lllll waa tha fatal thing.. They ka.fivM tha growlera and Wckera and caUinlty howlere a chance to have, their Bay tood by and dona nothing. ( . ' , Tha reau.,. la that tba aaeqelatlon'e VTim 1I1U0BJ Vll w 1 AIk.m ama - MM : I n W llMTflJ proapecta ara not half M bright today a uj worw w urn - - flrat UuncheX Unleea - the dlrectora i aAma war hard mlaalOD arr work within the net week. It la go by the beard. . Tola la a aad fata for tha grower o contemplate but It la true neyer theleae. Thera baa been too much talk and practically no work In the organl aatlon achema and the dealere bava got a wedge Into the rank of tha growera and are prying tnem out or me organ nation with all voBalble apeed. Tha fata of tba aaaoclatlon wbb prao- 10 nnn unuwi Jtloally aealrd when tna grower w rma ao wlUIng to oontract tbelr. erop to the dealer a ahort time ago ac 10 pnd 11 cent a pound.' Eren now row-1-r are mora than willing to contract at the terma mentioned thua caatlng aid all pretence to organlcation. On of the rocka upon wnicn tn boclatlon ha atruck aeam to be tne unequal voting privilege. For Inetanc. a, grower who raise 400 balea of hopa na not a atngie more vom in m. .inlullnn than ha a the One WhO CTOWI lO bale. For inatance, the man who ha but a few dollar at atake can direct tha man who haa bundreda of dollar In tha Are. ' Th tnahiiitv of tha crowera to or ganic quickly la another blow to the union. What tha hop market of thla country need at the present umo ia rot o muen organisation but a re duction' of full half the acreage. Too many balea of hone are raised every year to allow the rowera a profitable business. That's tne secret oi me traae and unlets thla 1 remedied all the organlxationa that could possibly be brought together would not alter the financial condition or tha mem Mrs. Organisation will not pull down the acreage because each grower Is waiting for the other fellow to do that The plan to export annually so many balea of hopa to Europe I one of the most foolish schemes that could possibly be Imagined. The projectors claim that thla will take that many balea out of the way of the coming crop. They do riot seem to figure that every bale of hopa aent abroad more than the brew ers on the other side can put into beer , Intone rear. Is used for the next sea son and therefore does not alter the aupply and demand In the market at all. The only thing this annual export business would do. Is to give the Eng- nsn orewers some nop at their own price one season In order to allow them to bear down the price tha next veais Summed up In a nutshell the direc tors of the hoparower have made a flat failure at directing simply because tney wouia nt iaiy py and expect tne organisation to go along without work. It aeema that the one In charge of the association work have made state ments that they had already the sig nature of a majority of tha growera when It t as not true one director him self making tha statement - that the association was In tha balance and had not near the required number to make It a auccena. Those who have worked for the wel- thanks for they war In a good cause, but one or two rnnit wnrlr.n mmms overcome th Inactivity of drones or figureheads. GROWERS GIVEN BAD CARD. op Dealer Not Paring Within 2c , or tne Amount They Should. Oregon hopgrowera are not being Iven a aauare deal bv the coast hnv. era becaule they are making too great a margin on their deala. For Instance prime to choice Oregon are quoted In ew York at 10c a pound at the present me, wnue e)C is tne- mgnest price aid tn this state. It cost but lUo a ouna to ship to New York and the -afljnmlealon charges should make tha ii cost ,oi getting the goods the goods to the Vb metropolis So a pound. a Dound. - Thla allow the dealers to pay the nere at least 80 for their crop, o Oregon' th orlce ahould be la pound beyond this according bsw xora; iaea oi Oregon Quality resent writing. ? the past week aulte a number were reported all the wav from p a pound, the latter figure be- rAii.iim liiuiL uori uunng mat l vonirscung . continues quite )KS Vf WILLAMETTE. Salmon May Be Moving ten From Astoria. k ranee of great numbers of iion in me Willamette rivor jit ween gives promise to pnmg inausiry along .the I'rmen nay mat tne run they have ever seen and ppea py tne cold weather. scarcity or steeihead saj- ei aunng tne weeK and cea jo Decause or the SJt TOR WEEK. Off Wee In Pa- rest Markets. It sound wheat price ounng tne past no severe tosses in 1 Llveraool. For- pclally depressing practically an ist for the time ay they have no yot nicely to re ioreign conai this report a lscrtmlnatlng flour thara orient durlns ply 1 the orl- tne traoe on the slightest Its valuea ' s; !.. 'i - - : icncs. .." Larger Snp Week. v ow tumbllnsr keek and the la figure pre- ex ago. .Ke lt of the week i caused the th week the aL.-Tbl did ia-th mar- 'cached close 4t 48 loura of the week there waa a less feverish demand from the retaH trade although prloes held as previously quoted. Ducks were in heavy demand with light arri vals and the Chines took all that cam at the high price for their New Year' ceteoratton, wnicn started jTiaay nigni. Creamery butter la somewhat' stead ier but supplies are allll liberal .enough to Bton tha Drlrn from advancing In the near future. Thla la ' tha opinion of loeal creamery men themselves.- une creamery which had advanced Ha value lo 0o a pourd, brought It back to 17 He during the week. Thla put the best product of all city creameries on the same basis, a) small shipment oi eastern storage butter was made to Chicago during the latter part of the week be cause of tha better grades ther. Very little of this quality la .not la tba Port land marvet. , -x- , . , ? ; FRONT STREET REVIEWS. Brief ftlentioo of the Trade In Van loua lines During the Week. Dreajed meats of all kinds . remain with a good jale along the street Fancy veai in best aemand at top vaiuee. Cold weather ha caused a loss In produce trad during the lost few day of the weik. : .. California eelory seem to be la bad shaDe thla season for recent shipments have not been up to the requirement of WIS traa ana in consequence . values ire softer. Cauliflower la tha same " Vfeather la too cold for oyster gather ing and TltQ continued cold, supplies are ' expected to be smaller than de mand the next few days. , Rica nrlces are being marked un along the eoast because of the recent advances in tne nortn. Front street sells at the followlns price. ' Prices psld shipper are less regular eommismons: ' Orals. Tloxut aad Teed. GRAIN BAGS Calcutta. c; large lot" me lot Hc WHEAT Track price Club. 2c: red Kusslan, 10c; bluestem. 4c; val ley, tic . corn wnoie craraea, ill ton. BARLEY New Feed, tit oer ton: rolled 2ll; brewing. 29. Uiii per cwl, OA T8 New Producers' price No. 1 whit I7 per ton; gray, $228.b0. FLOUR Eastern Oregon patents, SOS: straights, 14.60: exuorts. 11. 0; vallev. S4-30O4.S0; graham, Ha. S4.S0; whole wheat I4.TS; rye. Sua. $6.40; bales. St MILL STUFFS Nominal Bran. tB ton; middlings, ISO; shorts, country, $17: city, $28; chop, $20024. HA i rrooucers pi it Timothy. Willamette valler. fancjr SIB: ordin ary, til; eastern Oregon, til, mixed. 1109110.6O; clover, siooii; grain. I10W12; cheat S10O11 Batter. Eggs aad Pouliry. BUTTER FAT F. o. b. Portland- Sweet cream. S6c; sour, 14c. BUTTER Extra fancv fresh erea-n. cry. S7ttc; fancy, 85c; choice. 32V4USSc: ordinary, tic; beat storage, iTt&dc; econo graae, ioc; siere, zuo a pound. tiius uxtra iancy, candied, 26c; tern storage, 17 18c doxen. CHEESE New Full cream, flat IS Ho per lbi Young Americana, 17o per lb. POULTRY Mixed chickens, lie tier va t aavBt IB73V yvk IU. rvUBLCll, old, 10c; fryer. 13c lb; broilers, ISSo per lb, ducks, 20c; geese, old. 100110 per lb. turkevs. alive, ISo per lb; dressed, 19020c lb; squab. $2.80 dosen; flgeona, $1.25 doa; dressed poultry, 1J Vic per lb higher; wild geese. $4 OS doa IVk nnr hMa 1IUa IK. - ops. Wool aad Kldea. HOPS 1907 crop, first prime, 0V4e prime, 6V06c; medium to prime, Sfe medium, 4O50 lb; 1908 crop, laio 1 contracts. 1W0S. 10 lie wuuti 1907 clip Valley, ISOlec asiern Lregon. 1IM9190, HIDES Dry hide. 12012a lb: artn. 406c; calves, green. 07oi kips. So lb; hulls, green salt 84o lb EHEEPSKINS 8harln. IKeAlAa eacn; snon wool, 36C(i4vo: medium. wooa, evcosi eacn; long wool, 75cO urn. TALLOW Prime, per lb, ScOe n and grease. iDiua, CHITTIM BARK 6a - Trait and Tgtables POTATOES Fancv tO(7Bo aell Itl SF' Klivlsaav nflllamr a. ll CAAtt.. t vaiB. ii uiaiuglio Vfa.ilVjr, UWgVSWi eastern Multnomah and Clackamas, 60o per cwi: sweeis, !4VH0 per 10. ONIONS Jobblnr nrlca. ISOOifflUKn buying, spot. S2.50O2.t0; garlic. To per APPLES Select, $2.00; fancy $l.f5; choice, $1.2501-60: ordinary, 90cOS100. srubOM a kuiib-uranges, new, $z.oo 2.60: banana. So lb; lemons, $304.60 box: llmtB. Mmlnn I I nnr Iflft- pineapplea. 14 04-60 dozen; pears, fan cy. $1 6041.76; oidinary. $1 a box; Un- serine, ti.ou a oox; jap oranges, too ferine, i.bu a box; Jap prat Oo a box; persimmons, $1.75. VEGETABLES Tumlna. n Turnips, new, S0O Oo, sack; carrots, 60o per sack; beet, C6 0 76c per sack; parsnips, 86c$l; cab bage, S5cO$1.26; tomatoes, California, i.bu; cuban, $5.16; beans. 15c; cauli- IftWA r.llfnHiU 1 1 A 1 on . ui loctwii; peas, iuo; norseraaisn, oo. lb; artichokes, $i$1.10 doz: green onlon i6o dosen; peppers, 17o; hot house lettuce, $1.2501.60 box; cucum bers, hothouse, $1.25 dozen; radishes, 16o dozen bunches; eggplant, 16o up; celery, $8.50 crate; cranberries, eastern. p routs, so per 10. Orooerle, Zfuts, Jfto. SUGAR California and Hawaiian wuoe. 16.96; powdered. 15.80; berry, $6.61X dry granulated, $5.60: XXX gran ulated, $6.4u; cont A., $6.60; extra B.. $5.10: golden G.. $5.00: D. yellow. $4.90; beet granulated, $5.40; bar rels, 15c; half barrels, 30c; boxes, 66o mi vane on acK oasis (Above price are so days net cash uuiaiiuna.1 HONEY $3.0 per crate. COFFEE Paokag branda, $15.88 19.68. SALT Coarse Half .ground, 100a, $18.61 1 per ton; 60s, $14. Oo; tnble, dairy ova, iih.vv: iu us, ib.vd; Dates, a.o; Imported Liverpool, 60s. S20.0W-. 1U0. $18.00: 4s, 18.00: extra fine varrels, 3a 6 and 10s, $4.6005.60; Liverpool lump rock, $20.60 per to; 60-lb rock, SU.ffO; 100. $18.00. (Above price apply to sales of less than oar lota Car lots at special prices subject to fluctuations.) , RICE Imperial Japan, No. 1, So; Na . 6tt06c; New Orleans, head. 7c; AJax. 6c: Creole, Sc BEANS Small white, $4.26; large White. 84.10: Dink 14. id: havou. IS BO: Lima a, $6.60: Mexican reds, 4H0. NUTS Peanuts. Jutnhn 7i ner lh: Virginia, o per lb; roasted, 8o per lb; Japanese, 64 OStte; roasted, Ho per to; wainuus, catlioruia, loo per id; pin nuts, l6o per lb; hickory nuts, lOo per lb; brazil nut, 15o per lb; fil berts 160 per lb: fancy pecan. 1(0200 per to: aimonaa, lea . Meats. Wsh and JMrorlslons. DRESSED MEATS Front Btreet- Hogs, fancy, 7o lb; ordinary, 64c: large, 6 O 7o lb; veal, extra, 9 hi c per lb; ordinary, 9c per lb; heavy, 7OS0 per lb; mutton, fancy, 89c per lb. HAMS, BA'CON, ETC. Portland pack (local) ham. 10 to 12 lba, 12Ho par lb; U to J8 lb.. 12 Ho per lb; IS to io lb 12 Ho; breakfast bacon. 15HO22H0 pr lb; pictlca 9o per lb; cottage roll, lOo per lb; regular short clears, smoked. 11 Ho per lb; unamoked, 10o per 'b; clear bscka, unamoked, iOio; smokad. 1114c; Union butts, 10 to 13o lbs., un smoked. 12o per lb; smoked. 1 So per lb; clear bellljs. . ansmoked..- llHo par b; smoked, laUo per lb; shoulder. 10c; DerJfe; Pickled tongues,- 7e each. - s LOCAL LARD-Kettl leaf, 10s, 12 HO per lb; Ss, l2ho per lb- 60-lb. tins. i5o per lb; steamreudered, 10s, llHo per lb; as, llo . per lb; compound Jos, Hwi lb. , , s FISH Hock nttiL HU.it fh. el So r (lb; halibut, lOo per lb; atriped ". iw tw. caiiiao, iic per id; at mon, - Chinook. 18 Ho; atealhead, 12o per lb; - frosen. , jf; Jirrlng, SO lb: SOlea. 7c lb: afcrlmha lflA na? Ib; perch. So Pr lb; tomeod. lie Der lbi lobster. 26c Per lb..' fresh maekerel Ho per lb: crawfish, 25c per dozen; ( stiir- Reon. 12H per lb: black baas. 20o oer ; silver smelt, to Der lb: CnlumMa melt. 10c; blacky cod, 7 H lb orabs, IL00OL60 dosen. , Henry WHEAT WAS WORTH $2.65 A BUSHEL IN In th days of long ago the spring of 1865 to be more exact wheat waa worth $2.65 a bushel and flour was selling at $16 to SIS a barrel. Henry Everdlng, a pioneer commission mer chant of this city, came to Portland. In those days there were no eastern Oregon, eastern Washington or Idaho wheat nelds lor tnose granaries ni not been hardly heard of. All the wheat came from a small strip In the Willamette valley and a large per cent of it waa milled at the old Standard mills at Mllwaukle; then in th height of Us glory. . , In the days of long ago Henry Ever dlng established what la considered the first exclusive commission huose in PnrtianA in mill h formed oartner- shlp with Edwin Beebe and established the firm of Everding ft Beebe, within a stone's throw of Mr. Everding's pres ent location on Eront etreet. Then a now, Portland was a promising city and It held the commercial supremacy of this entire region In Its grasp Then Portland had no railroad lines; there wer no bridge across th; Will amette In fact there was no demand for these luxuries because there was nothing here to demand such things. PACIFIC NORTHWEST WHEAT CROP IN DANGEROUS CONDITION Th fall wheat crop' of the Paclflo northweat 1 tn mor danger of destruc tion at the present time than it has been for years Cold weather is general throughout the Inland empire and thus far there has been such a amall amount of anow that the planta are practically unprotected. everywhere. -.verfj now depends upon mo. ulil thenexl few daya or in Its now he P- less condition continued coia wuu.u probably do great damage. For a while It looked as if, the crop prospects could, ecatcely ba Improved. Then cold weather "came. This was followed In Bom aectlona by rain and this in turn was followed by a cold iu . t ... nf .no would be most welcome In practically every wheat growing district fn the three states. The crop east of the Rockle are said to be aufferlng somewhat on ac count of the cold, but no great damage Green bug reporta ar still coming from Kansas and th vermin eeem to thrive in the cold weather, contrary to all former expectations, . ,, Th nron of Eurooe. Asia and Africa 4t1Si B1A11SB If. ft M VBl I CKVi are given by Broomhall in the Liver pool Corn Trade New, under dat of January, it, as mw. Halted JClngdom. mv. Hiljn... w'hloh nrevalled When we wrote last Tuesday was followed by further sharp frosts towards the end i ..m. ..air ami flundnv was a very cold day, the keen searching wind from the east making it aa difficult to keep warm as It was the previous Sunday. There Is no change in th outlook for United Kingdom crop. The young planta certainly look no better after the recent trying weather, and the pos sibility of some harm Is again men tioned by agricultural experta. Argentina. mv i..m.ot AAntinuefl to make aat- lafactory progresa and estimates of ex port surplus are maintained. So far, new crop arrivals at the port hav k..n moontt and there ia talk of a probable atrik of laborer. , inoia. npnrlv rone, th late northern province have had food rains. It Is too early yet to say what ulti mate effect thesS rain will have but that they have brought great relief to man and beast throughout upper India Ui ere can be no doubt If further rain ii i tha weather continue favor able, th wheat crop will cerulnly b larger than what has been Mtherto for .. n4 thora mav be om small quantity for export. On the other band, 11 " hot weather- set In early, befor the new sowings hav rooted, they may be all burned up. and, in that cas th area to be reaped will "how no Increase ; from these winter rains. Shippers say nrsTKRS Shoal water bay. per rat ion. $160: per 100-lb sack, 85.00: 01 ym pli per gallon, SI.40-. per 100-le sack. sloS.8o: Eagle canoed SOo can: ii dosen; astrn la shall. SL76 par hunt drcLAM8 Hsrdaha " pr beg. $l.4dj rasor clanta fDO .per box: lOo par doe. ' Kaiats, Coal OU. Bta. v -ROPE Pur -manUa, lo atandard, CoiL OILVwater white, tanka. ItHe; case. T18 He; headlight, cases, -JOoj Elan, icasea, 13c- Evcen, eaeea, J1J4 gallon. . . , -" v . -'' ( Everdlnsj. DAYS OF LONG AGO PorUand had the best connections with th ouUId world obtainable in those daya. Several .team.hio Une. nd ailing vessels piled between Portland and an Francisco and from the wharves of this city the river boats Vf..P" their Journey, far up th. .'J ii Mr. mverding came to Portland to du chase grain to feed the miners of Ca wen nere ins,t no remained, no pur- chased wheat from the farmers In the fall of 1864 and paid 66 cents a bushel for a while. Later in the seaaon tha Driers was DDOfliBn lo .bd m. 11 11 an p I . . - , ... .a mm - . hiah l 7hZ? , h, Everything was high in those except tne Duuding ior .ugar co.t M"u. " ??un Tno '! 'M w" Pr . "i.mw" l.ln" Old yenow variety ana was orougut nere In alling vessels from Hawaii. "I be- liev there waa but one brick building her at the time." says Mr. Everdlna. but ther waa plenty of business." Mr. Everdlng was born in Germany California. His entrance Into Portland was Si yeara later. Alter tne oeatn or hi oartner Mr. Everdlng continued the K,..ln... i.nrter hla own nam. ther la still old wheat In th country. Australia. Ther ia no chanre in the situation Shipment are moderate and chartering tow, Dut nothing else could be reason XOBBla. A Terr severe winter la belna- tin. riencad. but thera have been fnrthar good falls of snow in the center: also I in uiv wai, An tna iuuiu tne weatner has been very changeable and although such conditions must be very unfavor- able for tha crops, yet our latest ad- vices ar rather less pessimistic Sup- Dlies to tha norts keen verv lla-ht all around and shipments of wheat hav I almost com to a standstill. I Hon man la. ' I There haa been a rood fall of anow. mnrn la ?IAr.hl. tha nna IVUUWW U T XIUBIB. 11 JB W CC. LliQI . Di I .ii - n.v.i. .i I ' " I Vnr.Ha - aiaigana. correspondent at Sofia. Mild weather I in December favored growth and earlv 1 was nt tavoruoio new irom our I I T . . . v. - -n . m. -. m , . . . 1 ui aiuiutry mim m awu inn oi I snow. Knngarr. I for the crops mild by day, but frosty t r av tavaarnasi ora n ha m ttaaa. - . m at nigni. utrowers wisn to ee a good mi 1 mm . rail oi snow. I rrano. I UTirtner severe irosis aoout zs Oft- I . . . . a rrSwerV "bnf genellv theTrons' van th lata aown. ar thnnht tn "h sufficiently robust" to withstand the tem peratures nitnerto experienced. Pro vincial markets have continued to rule very firm on small offers, and prices hav further advanced f d to 9d per quar ter. The cold weather ha Improved th milling trade. italy. An official bulletin say tha weather of the last ten day of December was unaaasonaDiv mild and wet. ineid work i waa interruoted. but the eeedlnaa lank a a I very won. icijr tun wmotr su oeen I fine.' Spain. Rainy weather has been exnerleneed lately ana crop condition ar good. ' Blglaat aad Holland. Weather changeable, but no eon. plaints heard respecting the crops. Ocrmaay. . Varr share ehanae in tha waathar hav ten experienced, but ther "have been soma falls of snow, particularly in the south, and ther appear to be no anxiety concerning th crops. arorta Africa. ' Latest raoort mentioned rains want ed In Algeria and Tunis. GASOUNE 8S deg. eM. 4H Pr gal; Iron bbla. 18o per gal. r BENZINE 88 deg.. eaaea, ISo pee gal; iron, bbla ISo per gal , T0RPETI NE In cases, ISo par gal; wood bbla- S8e par gal WHITE LEAD Ton lot. 7o per lb; 100-lb lota So per lb; lea iota 8 Vic ; WIRE NAILS Present basis at 88.10. av " ," ' kilg.tiferpwA Wheat lower.- v.' Liverpool, Teb. 1. May wheat closed at. -7 i, a net "loss mid from Friday. . vc,,:- --.. ; i4 a : . PLAY TAG WITH Wall Street Feels Blue Be cause President Wants to Cut Out Credit. New York. Feb. . 1-Thr was little feature abroad, with an Ir regular price movement Ameri cana showed a steady tone at London, although scoring Irregu lar change. Arbitrage firms ware reported as mall buyer hr. The bank waa fairly la line with expectation, and howed another gala In surplus reserves. A significant feature of the Utement waa the fact that 'to tal deposits war In txcess of to tal loans. Only a recently aa November SO, 1907. there waa an excess of loans over deposits Of $114,795,200. The Increase In surplus was $8,462,225. This brings this sum up to $40,525,725. Th gal" l" CMn WM .2".00. Loans showed a decrease of $1, 7SS.S00. whil deposits Increased $11,825,600; STOCK MARKET LOSSES. Amalgamated . a O. Colo. Fuel .... Erie ' Locomotive ...1. Mo. Paclflo ...I N. Y. Central .. N. P O. W. V. P. 1 U. S. Steel .... do PM , Roa 11 Sugar 2 a. emeiter ....m Anaconda Atchison H D. & O. H Brooklyn 1 St. Paul ltt Penna , Reading SH Rock Island ...IK 8 P ! 8. Railway .... H at. Nor, pfd ..1! STOCK MARKET GAINS. C. & 0 1 IZanadlan ... U & N W By Thomas C. ShotwelL (Utant News br Longeat Luted Wire.) x- v.,ir n-h l. Weakness thai prevailed in the .tock market today was due entirely 10 nm ifiu.i lowing publication In tne newspaper or Fuesioeni boomyb" congress and Us public approval by both bryan and xiugnce. miw ? i. h2n fUnwiu. to their log mica ui n . '?"zzrr ..- cal 0n"u"'.n' aPi huslnesi on wed t want to eliminate all businesi i on creaii. Hne. Jfl1" "?V"rthnn "id " f .nhualness is done on .fentTO0.f rl loins heartily In cradlt. Wall t;ntTnl,1" ;t,0n hy 7 th every moral recommendati oj btb. Kome to Wall .treat the Impoaaiblllty of getting any current njeaaure enacted into a law thia year, for it 1 vldent that a good meas - , - i,M t Wall ur tha d .resW nt wo uld w ui ?treet tj.0.,, loot au7umn another critical period next auiumn i cmnti irt rnnn cruDi uc kiwwu w wv... . . . . the use of large volumes of money. Fall- .--- n.Tnvhow. o that th Imme J' ..V" . ooki black, no matter whit nireetion It la viewed. The ' . " v ; . .7, -,VmV hi-.inr- la that natuIL VhSSf of tha market will rt- these In charge AJfltc 5ort to every trica oi manipulation n.wv."" "LX. . that tha bur- I V1 Movements In the market today wer "Tl.,lihi i.ntn after the close, but Pot publlabad nif le5 Jv1.i!T- H nature was "'"J. Money la no longer a matter oi con- siaeration except u u vu. "--- ru.i.un hv tha lnadlna manufactur ers of steel not to cut prices does not mean that there Is to be an immediate L- ... irii rT ttiainefifl- aiinouan me uui look had been fairly bright until the resident's message was puDiianea. ii . nt nrnhahla that business men will undertake anything of Importance until tha nraniHentifli nominations are made. Th Immediate future of buslnes rests In th hnd of th farmers. A period of uncertainty is at hand while th crops are being planted. STOCKS RESIST THRUSTS. Improved Money Situation Is a Help Toward Maintaining Values. n Tork Fob. 1. Conditions In the .toCK mantel are somewum tuuinuiun. stocks show surprising resistance to unfavorable developments. The latter having been so largely discounted by nrevtous declines, that easy money z. -.-. ni rv ilmnt unerial .eent In the depression but a powerful ,imuiua to a hlaher valuation. The great increase in monetary suppllas so often predicted as " ra " mant la now navina eiieut. auu ihibbii . " - . . , SCCOUntB fOr W marKCl S reBiaiWIW . j . naa-, Thla wpek fur- ID iiuiiub - - - - --- imnrnvftments have taken place In tha mnnev aituation. runuo ni-v roium ins freely from the interior and com' 12 nt nt hnardlntr. raisin the sur "'8 w . . ... . .11 nnrt AAA nlua reserve last wee tv oi,uuu,uuv, I ... - - A . 1 . f . 111 . . Tl i with rna nrnmipci Liiai. 11 nui hv bihi hhar hnfora the limit 1 reached. The fntiina rt r t ii a in ii i nhl xui x.ud uicaciik aa more or less uncertain. It must not be I lost sisnt pi h;v la , a a mm, . aa, a1 A AA aiitlOa th B imm nas aireany macu ... y.. tober panic, as a result, uquiuauun, ,M nanv MRPi mi Dver'aucuuiikv. umum " l,,iironiiffiit1 and mant atneka bee"? .old at handsome Jirof t. Under ordinary conoition . t r- speculation is restrained by unfavor able developments outside of the mar ket. ... U1D IV - - - Range or stocua: o 5 tr Q DESCRIPTION. 1 t a m rnnn. 62M. SOTi 61 in Rmr e. 113H 684 112 Am. omeiter. 66W 82H S3 71 S3'5 45 A Cotton OU Anaconda M. Co. Atchison, c. ... Bait & O Brooklyn R. T... S Jlaa. M 151 113 Ches. & onio 2tt 19 lit 98 Colo, Fuel, c, ICrla. c Am. Locomotlvel L. A Nashvui . Missouri Pac. .. N.. Y. Central .. 43H ill 123, io6"4 -12 73 H 10 ii 120 III 5 -ft N. Pacific o. . . . lit hi 123 32g 111 Ont. A Western.. Penna Rr. . . . . . People's Gas . . . Readlna Ry. e.. 85 103 13 74.H 100 Rock Island, c . Sa Pacific, o... 12 73 10 So. Railway, o.. Union Paclflo. e. U. a Steel e... do, pfd ' i . .... Wabash, pfd..., Gt. Northern Smelter, pfd ... Federal . Smelt . Soo, e- , ...,,... c- dO, ' Pfd i ...... Rock Island, pll 11 18SH 121 24 92 IS IS 121 H 120 1H 1 45 93 12S Metropolitan ? a son 12 1 Denver A t. O. gen a 4 s 80 - Total sales 313,500 chares. WHEAT OFFERED Oil ADVANCES Chicago Market Goes by Fits and Starts and Closes a Fraction Higher. CHICAGO WHEAT. Close. Open. Jan. 81. Gain. 5 May July it 95 93 9? Chicago, Peb. 1. Aa foreign markets did not follow th lead of Chicago ex cept to a limited extent, and a no re ceipt were smaller than the usual, the market recovered a little of the day previous loss. Th recovery was neither important nor long maintained. Liver pool closed from unchanged to d lower for futures, and spots showed a decline of d a bushel After th recovery mentioned that Immediately started the days business ther waa renewed on slaughta by th bears, who felt confi dent from th effect of their recent successes, aad prices reached a new low point. Th decline brought som order for wneat in stor nere. mere were aaies reported of from 10.000 to 80.000. Ther were occasional ralliea to th price, but always plenty of wheat for sal at a slight advance on th previous day's cioaing tigure. Th market for corn opened at from to Ho over th closlna- Dries of yes terday's, but when wheat sur ted to decline th low advance wa soon con verted Into a decline. . Th next 40 minute It had sold down to 88 c Sam ple market offerings wer harder to place, and only the hotter grades could be disposed of at yesterday's prioea In the speculstlv trade, after much back ing and filling, the orlo of May rested at 58 c, or He better than it closed th aay beiore. Letting down of th price of May oats loosened up th market to some extent, and ther wa a good deal more dolna- than for th last two month. There waa firmness at th start, rollowed by a reaction, which caused the orlce to decline 74e from the best figure mad around th open ing. There wa more weakness in th hog product as th result of smaller re ceipts. Cash sales: Winter wheat No. I red. wac; no. s red, i U91 tt: No. 2 hard, 83H0 89c; No. 8 hard, 890 80c; No. 1 spring. 96ci0$l.O6. Corn No. 8 white, sic; No. S yellow, S2c; No. 4. 4748c. Oats No. s white, 48050c; standard, (lOSlc. Price range: WHEAT. Open. High. Low. Close. May 91 96 94 95 July 93 92 91 98 CORN. May July May July S9 59 17 SSVi OATS. 49 49 41 43 5 57 49 48 49 48 MESS PORK. May 1225 1225 1205 1207 July 1250 1250 1237 1237 NO RELIEF FROM COLD III THE I'HEAI BELTS By E. A. Beals, District Forecaster. Western Orecon Sunday arenerallv fair, except possibly rain or snow in south portion; easterly winds. Western Washinrton Sunday fair. continued cold. Eastern Oreson. Eastern Washington ana iua.nu eunoay xair ana continued coia. MILLFEEDS MOVE UP ONE D0LLAE A TON e There was another advance of SLa ton today in millfeeda, ow- e e . lng to continued scarcity all ) e through the Pacific coast states. 4 Tba scarcity is the result of a general lack of export flour e trade. Bran is today quoted at 26. middlings 830 and chop 20 e e to $24 a ton. 4 BEN H. LEVY 1! By the recent withdrawal of Ben Levy from the firm of Mark Levy & Co., a new commission bouse baa been established under the name of Ben Levy & Co. Mr. Levy Is one of Portland's old-time commission kmen and la well known along Com mission Row. His new firm there fore starts upon the old reputation of Its owner. : -A 7 OVERBECK & COOKE COMPANY r. T 325 Chamber of Cbmm WE DO A STOICTLY COMMISSION BUSINEC 3 III : STOCKS AND BONDS, v lffiSERENCES--Aa 'St6ck'.Eichanscs"r.j'r 3 ; yyyyHHtnttttvtttH f i f tttvv tt " s OFFJPSES Wants of Hogs Are Easiiy ; Supplied and Market Is Not Showing Strength. PORTLAND LIVESTOCK 'RUN. .t ' '" , p. .t .a.b Ca11. Bbaep. t v!!1 w!Sk 540 SOO .. . J"r S 1.01S ' 114 N' 42s sit . 1 h ': 1,04 578 hi I.SOS ; ., By Hymen H. Cohn. " ' : . PorUand Union Stockyard. J"eb. 1. Ev.rywher in all Uvtock center n VaUi a, to b a tendency of late among provision men to avoid th hog . market as much ss possible. Of eours th packers ar gaaeraUy In th mar-' ket for supplies, but their went at th moment are amall in all localities Tbta i seem to give out th Impression that tjy ar expecting a mailer conaumn tk?? ? PWvUlon and that hogs will i sell still lower. Otherwise It would b to their interest to take all th hogs , thy can acur at th present ruling -flgurea As far aa th Portland mar ket I concerned, th receipt of bog ' during th week were not startling. As '' far as numbers go, they had practically no effect upon price-making in th lo n cat yard during th week. Hog were -not wanted: that' about all ther was to th aituation. Packers took th few A that cam and paid th low price -at ' present ruling, but they war by ao mans anxious to secure them. Oattl Saarket Z sTot m. . .While a firm market haa been gener- ; ally expected for cattle, ther was a ' oonslderabl amount of dullness and ' , consequent weakness shown la local T prices during th past Ls daya Only ' a amall number of cattl cam during " the week, the total being but S80 bead. ? compared with 1,019 a year ago, 512 two year ago, and 227 three year ago for this same week. Packers sem in no mood to press purchases of cattle, because they claim they ar getting all -they need from their own feeding 4 grounds. Retailer are not buying mo eavlly as formerly, and this has cut consumption greatly. "What'B a sheep T" wa the expres- .; Ion of livestock officials during th week, for not a single head appeared In , the local yards during that time. As H at present quoted, the sheep market 1 nominal because ther ar non in th ., yards te sell It Is stated, however, that because of the great famine In this ,. line, killers sre offering better than So for best wethers and lambs. A year ago at this time hogs wer i quoted quit firm, with an advance of .: 25c in the orlce for the week corre sponding to the one Just ended. uinciai yaro prices: . Hog Beat eastern Oregon. $(.000 ' S.25; China fats. 85.00. Cattle Best eastern Oregon steers. S4.00O4.2S; best cows and heifers. 83.26; bulla 21.75 2.00. Sheep Best wethers, ls.iJiTi.7B: mixed and best ewes, $5.00 06.40; lambs, 85.606.75. BANH STATEMENT GOOD. ; Good Increase Is Shown In Reserve and Decrease in Loans. New York. Peb. L Th bank state- - ment is as follows: . . increase. Reserve S S.488.326 : do less U. B l.aib.izo i Deposits 11.333.600 Loans -1.783.809 , Specie 7.898.909 - . Lea-al "1,601.100 Circulation 789,400 ' Decreasa Sell Clam Cannery. ,; -i Westport, Wash., Feb. 1. Mr. Sigurd son, who owned th clam cannery here, . ha old It to T. R. Phillip and O. B. Lemke, real estate men of Portland. They hav announced their intention of . planting orchard on th property, and have Incorporated a company called th V Pure Food Packing company of West- : . port They paid $2,860 for the prop- erty. - . , "Open All the Time 99 ABSOLUTE SAFETY OFFERED DEPOSITORS No interest paid on commercial' accounts or daily balances. - ' 4 .INTEREST Paid on Term Savings Accounts. k ; By the old gold tried and tested , German-Americcn Bank Corner Sixth and Alder fits, , , ; - Opposite Oregonian