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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