17
E
CATTLE MARKET AT
A LOW EBB WITH ALL
STATIONARY VALUES
NOMINALLY RULE FOR
SUPPLIES OF WHEAT
Market Remains tjnlet With Club
Bids at 77 Cents and Bluestem at
81 Cents, Track; Europe Is Still
Eyeing the Argentina Situation.
now being carried on by ths animal hus
Money and Exchange.
London, Dec. 8. Consols 74 Hi stiver,
26 1 bank rate, 4 per cent.
New York, Deo. I. Sterling exchange,
long, 4.83 to; short, 4.87; sliver bullion,
66 ft.
Ban Francisco. ' Deo. 1. (Merlins ex
bandry department of ths Oregon Agri
cultural college. : , '.! ' '
A carload of steers have been received
at tha college farm, and will be put in
; .1-2 .10 3-1 CENT PER
PUTS FANCY HENS AT
. 16 CENTS PER POUND
BUTTER FIRM-LOCAL
shape for the market as soon as possi
ble. The animals have been divided into
two lots according to weight, one being
fed alfalfa hay and the other a ration
of alfalfa and grain.
The exact weights of the two herds
will be taken every two weeks, and in
this manner the college will be able to
determine the cost of feeolng each herd
per pound gained. As the experiment
Is being carried on largely for the ben
efit of eastern Oregon farmers, the
steers are being fed' on choice alfalfa
grown in the eastern section of . the
state. ..
- HOGS HIGHER AT OMAHA
Pi
ESTSST
change, 0 days, 4.81 H; sight 454j
doc, 4.814; transfers, telegraphic,
per cent premium; sight, par.
Mean Thing.
From Toledo Blade.
May belle Sea : the beautiful engage
ment ring Jack gave m last night. -Estelle
Gracious! Has that just got
around to yout ' ,
Daisies, Triplets and Twins Quoted
at .17 to IJH Cents, With Little
Market Is the Best in Months With
Broilers Scarce and Higher; Eggs
, Are Very Weak. for. Ranch With
the Prices. Unchanged.
Packers Still Have an Over Supply,
Absence of Price Shading Is Firm
Sign Noted in Better Conditions
Here; California Is Shipping Stock
to tho East, . !
Therefore Are Not Willing Bidders;
Prices Remain at the Same Level;
Hogs Are Holding Very Finn.
.Available Tender Higher Figure?
.'?..? THE OREGON -;. DAILY JOURNAL, PORTLAND. .. FRIDAY EVENING,: l DECEMBER 8, 1011.
era
RISE
SOUTH
AND
EASTERN
UHttMKKhrtt
OUND
HIGHER
HERE
INTER
OCKED
MARKET IMPROVING
. Eastern Product Are Offering.
'1: . r-:-rJ, -;,v - ..
K
7
.Portland Waolssals MatktV - 4
Egg weaker.
Chickens higher, again.
Cheap apples move beat.
Dressed meets lower. '
Butter, market firmer.
Shading; milk values.
Cheese up (or fresh.
Hop market firmer. y
'
:
v
f The cheese market is quoted from o
'-to o a pound higher locally today.
"Daisies. triplets and twins are selling
at 1717Ho a pound today for fresh
i stock. With but. a nominal supply of
fered below the hlgb mark. Young
Americas are quoted from 18a to Ufco a
pound.
Storage cheese is following closely
the advancing market for fresh stock;
tin .fact, some of the leading handlers
'are selling this product within a few
tractions of the extreme top. As a rule.
r however, Btorage Is quoted lo under the
flSh StOClC ' . , , '(:-:-,,..-,,,!
Telephone messages from Tillamook
received here are to the effect that
there Is only a nominal supply of cheese
available there at any .price. - Limited
offerings are shown at 16c a pound for
f reith. t. o,. b. Tillamook, which means
-mat wun ireignt ana otner cnarsee
"added, this stock could not be sold with
any profit below 17 Ho for flats.
' with the Increased price of local
Cheese, some of the handlers of eastern
stoelc are beginning to offer, but as they
aca asking full local figures, the call
'Is limited. At the same price, or even
'(With i eastern cheese quoted He under
'the local product the demand is con
fined almost exclusively to the home
make.
Home of the leading handlers of Tilla
mook cheese here have none to offer at
-any price.
DRESSED MEATS ARE WEAKER
i
,
1 All through the dressed meat market
a weaker tone is rullnv today. Receipts
have been so liberal during the past few
days that almost the entire trade is
filled up. Some cleanups of hon were
reported down to (fee, with most sales
of fancy veal around I So a pound.
i PLENTY OP APPLES COMING
While extra fancy apples continue
scarce and In limited demand at ex
treme prices, the trade is at present get
ting all the fruit It can take care of.
'The best demand Is around 11 1.26.
MILK., PEOPLE FILLED UP
Internal disagreements between stock
. holders of a milk condensary la having
' an adverse effect upon tho trade at this
.time. The market is very weak. One
leading canner quoted milk this morning
at the regular , list, $3.66, but gave one
ea free with 10 purchased. This puts
the value considerably . lower. Another
milk that Is quoted regularly at 13.45
, is actually being sold at $3.16.
' SOUTHWEST AFTER POTATOES
'Orders fof potatoei'Vrs 'still coming
from- the southwest and the market Is
firm. Texas has entered the trade and
several lots have been rolled in that
direction. Arizona continues a buyer
but nothing is doing with California out
aide -' the call for seed
SUGAR MARKET WEAKER
There was a weaker tone In the sugar
trade today all over tha country. The
drop of lc In the east yesterday Is ex
pected to force a similar cut here. This
would put jobbers' prices at the same
basis quoted by refineries.
HOPS QUOTED FIRMER
While 46c Is being freely offered for
nops in tne wuiamecto vaiiey, trade is
very quiet. Business In California Is
perkinft up. Sales were reported there
late yesterday afternoon and today at
iu 10 410 a pouna lor meaiums.
FORECAST FOR SHIPPERS
Weather bureau sends out the follow
lnsr notice to shippers:
Brotect nhiDments as far north
Seattle against minimum temperatures
of about 46 degrees; northeast to Spo
kane, 28 degrees; southeast to Boise, 32
yiegrees; soum to tsietuyou, 32 degrees.
Minimum temperature at Portland to
night, about 48 degrees."
, PORTLAND JOBBlNq PRICES
Oram. Tlour and '.
These prices are those at which whole.
- salera sell to retailers, except as other-
v .wise stated: .
1 WHEAT Producers price nominal!
track delivery, club, 77c; bluestem,
s 8081c: fortvfold, 780c: Willamette
i valley. 7c; red Russian. 7677c;' Tur-
? aey rea, oo"c.
BARLEY Producers' prices mi
? Feed. IS1.00O21.60; rolled. $22; brewing
' I SIT.
t . OATS Producers' prlca Track No. 1,
t 'spot delivery, whits, $30.6081; grsy,
, iso.eo. . ,
IIULD1 up r o - pining vrtr.w -nmrv
i 134.80; middlings. $31.00; snorts. 126.60;
. Shop. JlO.OOdJ 21.00.
V HAT Producers' ' prlca 1211 crop
vaiiey umouiy,- incy. iiy; , ordinary
J 816: eastern Oregon, $17: Idaho, $180
ii mixed, $12; clover, $10; wheat, JllS
! i2 cheat.$ll12j alfalfa, $134l2.60
- eats, $11012. '
l FLOUR Belling price Patents,
I $4 60: Willamette. $4.60 per barrsl: loca
v -straight, $4.06 4.25: bakers', $4.30f
V 4.60; export grades, $3.70. ,
Batter, Eggs sad -onltry.
,kn ' BUTTiin-tuxtra creamery, cubes and
tubs. 38c: prints. 87c: ordinary nrlnts.
S 24)8fic; dnfry. 18(91Hc
r ' bu i i tn p a i rroaucrrr price ir.
o. b. Portland. Der nound. 86c.
EOOS ixcai extras, 45c;
fancy,
44c;, case count. 42c: spot buying price,
42c, f. o. b. Portland; eastern fresh.
86c; Aprils, 28e.
POULTRY Fancy hens, lc;
springs, 15o; . geese, 'tt13c; llvs
? young ducks, 16c; old ducks, 15c;
- turkevs, alive, nominal, I0J tic, dressed,
: 20 2o; pigeons, old.' $1.00; young, $3
' 2-40.
; v WILD IAMB Oeese, $4t4.50 dos.
f," teal. 2685c each; mallard, 60o each;
f Widwon. $4, dosen.
J f i- CHEESE Fresh Oreron fanev. full
i crean, triplets and daisies, 17o17HO
per lb.; Young, Americas, 1818Hci
!c storage flats, J lHl?4e; Young
.Americas. 17i 0l1o.
I ""i w'00 Bfl Hides. v
f re f HOPS Producers' price 1 crop,
. choice,. 45c; prime, 44o: medium, 4JJ43o;
fv 1909 growth, 20c; 1912 contracts. 22 Vic;
. 1913 and 1914, l7o lb.
tALLOW-rPr1.Tn- vr lb- t no, i,
f and grease. 8(38Uc. -j
t WOOL Producers' price" Nominal.
, ,1911! Willamette valley, 14Ht17Ho:
ltemterh Oregon. 15e. . - A71
MOHAIR 1911. selected. 26 0 27e vf
1911. less carlots. 5o: carlots, IVie.
f. . b. Portland. - '- - .-
,. HIDES Dry hldea lto: rron. SA
lOe; salted hides. lOHfMlci bulla; green
V, salt. , 8oj kips, 11c; calves, dry, 20of
cslf skins, salted or green, 17c; green
hides 11Hc less than salted; aheeo
. pelts, salted; November, 90c; December,
JliSrylOKo lb. -.
. ' -OrOeertss. i-
' BOOAR Cubes, $6.20; powdars4.S.70;
Th chicken market hers Is In a bet
ter position today than It has been for
months. Fancy hens are selling read
ily at 18c a pound for live birds, while
1616"Ho is being received for springs
that average about three pounds.
- Broilers are scarce and for these the
trade has been of the opinion that from
lo to 2c above regular quotations could
be obtained. ; Btock that Averages about
two pounds comes In this class.
xnera are nmv nnmin. I nfrnrinn or
lumeys, duj, lew, are wanted at pres
ent. u '
j-ruuKit ana geese are xirm t no
prices us tea
Further Weakness In Sggs.
Further weakness Is showing In the
egg aituatlon here and while prices
were unchanged from yesterday, the
outlet was smaller.
RecelDta continue very liberal and
fresh ranch stock Is now coming In bet
ter than it has for several - months.
Late sales of selected ranch eggs are
reported at 45c a dosen. but one promi
nent handler said today that he was of
the opinion that It would take a 3o
maricet toaay to unload.
The dumDina here of so much noor
eastern eggs Is having its effect upon
the fresh product. While there Is al
ways a certain demand for fresh eggs,
prices are limited.
The trade is still showing its pref
erence for best April storage, but so
much of this stock' Is available that
nothing over 23c a dosen Is being asked,
although It is reported that Aprils are
being moved out In some instances as
fresh eastern. .
New York. Dec. 8. There wss a some
what better feellnr at the ODenlna of
the security market today, and: the clos
ing waa generally a few fractions high
er. Trading was small, and call loans
continued around 4 per cent.
Colorado Southern declared the reg
ular annual dividend of 2 per cent today.
Range ok New York prices furnished
by Overbed? & Cooke Co.:
Uesorlptlon IOpeh.lHlghTLow.Cloaa
Amal. Cop. Co.
68
62
10
43
Am. u. a jr., o.
Am. Can, c. ...
Am, Cot, Oil, o
Am. Loco., c , .
Am, Sugar, o. .
Am. Smelt, a. .
116
Anaconda Mg. Co
Am. woolen, c. . .
Atchison,, c. . . . , .
Atchison, c ....
B. & O., c
Beet 8ugar
B. Kd. Transit..
C. P.. o
C. Leather, c. . . .
ChL & O. W., c.
Chi., M. & St P. .
ChL A N., c... .
C ik O...
Colo. F. A I., o.
Colo. South., c . .
Cons. Gas
Del. & Hud.....
D. & R. a., c . . .
Erie, c-
Oen. Electric...
O. Worth., pfd..
Illinois Central.
Int Harvester. .
Int. Met, c. . . .
kehlgh Valley...
. a South
Louis. & Nash.. .
M., S. P.&S. S. M.
M., K. & T., c...
Missouri Pac. ...
National Lead..
Nevada Cons. . .
N. Y. Central ..
N. Y.. O. & W.. .
Nor. & West. c.
104 104 104
100
iooh
100
62
07
75
78
76
227
237
236
19WS
19
19
1074
109
108
142
12
28
It
28
275g
138 137 136
20
80
152
128
142ft
S
14U
13
XII
176
165H
H7
29
28
17
106
40
107
11
North American.
Northern fac., c
Pacific M. S. Co.
l
21
Penn. Ry
121 V4
P. Q.. L. A C. Co.
103
82
147
pressed S. Car, c
Keaamg, o ....
Rep. I. & S., c.
Rock Island, c.
8. L. & S. F o.
Sou. Pac, c...
Sou. Ry., c
Texas A Paclf . .
22
T., St. L. & W., c
union i'aciric, c.
do pfd
U. S. Rubber, c. .
U. 8. Steel Co., o.
Utah Copper
Virginia Chem. ..
Wabash, c. . . . . .
do jpfd
W. U. Tele
West Electrio . .
Ml
A 9
77
64
Wis. Central, c
Total Sales .......... .493,600 shares
HOGS STRONG AT CHICAGO
Market Has Run of 21,000 Good
y Tone for Cattle.
Chicago, Dec. 8. Run: Hogs, 21,000;
cattle, 2000 ; sheep, 12,000.
" Hogs closed strong; left over 9100.
Receipts a year agd 21,000. Mixed $5.76
6.30; heavy, $8.1O4t6.80; rough, $6.71
06.06; light, $5.86 6.16.
Cattle Strong,
Sheep tSeady.
New York Cotton Market,
Open. High. Low.
con 00 . b,.
Close.
8641965
870(571
880$81
8800
January
.... OIO DOV OOI
March $89 889 870
May 89T 898 '880
July 904 911 880
September... 910 910 910
Ootobcr .... 918 918 901
910
90001
December .. 911 911 892
900002
San Francisco Barley Market.
San Francisco, Dec. 8. Calls;
WHEAT
Ooen. HI ah. Low. Close.
May ..160B ... ... 165A
May ........177 184 177 184
fruit or berry, 36.80; dry granulated,
36.60: D yellow, 35.80; beet. 36.40; extra
Honolulu plantation cane granulated, lo
less. (Above quotations are SO days net
RICE Jacan. No. liaiUo! No. J
4HC: New Orleans Bead. lUflto; Cre
ole, .Bo.
SALT Coarse, half ground 100a. 88.10
?er ton: oos, l.00: tame Oalrjr. 6es. 318;
00s, 317: bales, .20: extra fine bar
re i a, zs. os ana lus, MVii tump rocs,
320-60 per ton.
HUNET-ntf. ii. 75 ner case.
BKANS Small White. $4.90: large
white, 84.86: oing. 14.25; bayou. 14.76 ;
Llmas. 87; reds, 35.60.
. 3f raits ana Vegetables. -
f APPLES New crop, 81.00ii3.00. '
' POTATOES Belling prices: Ordinary
Orecon. 21.26: Door. 81.00(31.06: buvlna
price. 96001.36: sweets,- 8 V42 He. .
iiNluiNS rennw, i.ou; game, iwro.
mav.a-a mniTg nnnm ltd
box; bananas, lo lb.f lemons. J4.60 6;
Times, 19 a case; grapefruit. 8107: pine
apples, 6c per lb,; cranberries, 111912;
reaches, 50O76o; pears, 31.60; grapes,
1.00(91.25: Jap oranges, 81.26.
VEGETABLES New turnlna. tl 01.21
sack; beets, 81.60; carrots, 11.2601.60;
caDnage, suwi.uo: uaurorma tomatoes,
31.S5ol.50 crate: beans, 12o lb.: vreen
onions, 15a doien ; tappers, bell, lOo lb.;
neaa lettuce, ix.zb crate; notnouae. flW
1.25 box: radishes. 15o dozen bunches:
celery, 75085c dosen; egg plant, 10d lb.;
rncumbers, 60c dosen; peas, 9c; .cauli
flower, 12.00 orats.
SECURITY MARKET IS
HIGHER AT CLOSING
ROOS WSLh.Cn. $3.99.
It developed this afternoon that the
load of hoga from Wallowa sold at
Bortb Portlaad revtexday afternoon and
reported at ge.85, really bronglit 88.89.
xoe wi consisted of 103 had tht aver
aged 188 pounds and was purchased by
a local meat company. The bogs are
saw-to aara been ttae tusst load tbat
has entered the Sorth jortiad yards
for many a day, every one being top-
par -. - " . ., ' .
PORTLAND LrVMESTOCK RUN.
Hogs, gattle. Calves. Sheep.
Friday .......no
40
87
84
1247
Thursday ,.,,478
Wednesday .,. 419
Tuesday ,.,,..292
Monday ,,...,861
Saturday ..... 87
Week ago..,. .631
217
21
477
1014
1761
"89
22$
a
There was only a limited offering of
cattle in tha yards today, and ths mar
ket continues rather alow at practically
the same quotations la effect yesterday.
Packers both hera and In the north
are full of cattle, and for that reason
are trying to discourage shippers from
making further Increases In the visible
supply.
None of the cattle that came forward
recently was really needed, and for that
reason tha prices paid fairly wall repre
sent the bearish situation.
North Portland general cattle range:
Select steers $6.60 6.65
Fancy steers 5.60
Choice steers (.40
Feeders , . 4 55
Common steers 4.25
Fancy heifers 6.00
Fancy cows ' 4.76
Feeder cows 475
Fancy bulls 4.2604.36
Good ordinary bulla 4. 00
Stags 4.26
Fancy light calves 7.60
Medium calves 6.006.60
Ordinary calves 4, 00 6. 00
At Chicago - there was a strong tone
in the cattle trade, with a very high
run.
At South Omaha cattle prices were
weak, but values held at the high mark
of yesterday.
Cattle shippers today: J. II. Phlr
man, The Dalles, 1 load cattle and
calves; S. - W. Helsler, The Dalles. 1
Cattle run today
Week to date . .
Same period 1910
Month to date .
40
40
969
1,771
Same period 1910
419
Year to data u 077
Oime period 1910 85,712
gr Sheep Karkst &e mains Oood,
Jfhere remains a good tone in the
Utton division at North Portland. Ar
vals for the day were rather liberal.
seven loads coming forward from 8han
lko. Oood sheep and lambs are holding
around the previous price, although
some neglect Is shown for poor stuff.
Sheep values at North Portland:
Select lambs $ 5.00
Choice lambs 4. To
Common lambs '4.00(94.25
Yearling wethers 4.40(34.60
Old wethers 4.00
Fancy ewes 3.45 3.60
Ordinary 8.003.26
At Chicago there was a steady tone
In the sheep trade today.
South Omaha sheep and lambs were
weaker with prices 10a to 15o lower. Top
lambs sold at $5.89 .and best yearling
wethers at $4.76 this mornlnr.
The only shipper of sheep today to
North Portland was the Prlneville Land
& Livestock Co., which had the seven
loads in from Shaniko.
Sheep run today
Week to date
Same period, 1910
Month to date
1,247
1.962
1.766
4,787
Same period, 1910 4,666
Year to date 288.288
Same period, 1910 161.684
xor asantet is rirmer.
Considerable strength continues in the
swine trade at the local yards. There
wss a run of 140 head, compared with
531 last Friday. The class of stuff that
Is now coming forward is generally of
good quality, and this keeps the average
stuff within a rather narrow range. Only
the heavy rough stuff Is bringing low
prices, and In view of quality the value
is gooa.
North Portland swine trade today:
Best $ 8.85
Medium 6.80
Light 6.80
Oood to heavy 6.76
Rough 6.0096.50
At Chlcaro there waa a strong tone in
the hog trade, with a run of 21,000 head,
or the same as a year ago.
At South Omaha hogs were tc higher
with a run of 9300 head. Tops sold at
$6.20 today.
Hog shippers: L. Kelson, Centralla,
Wash., one load hogs and cattle; C. H.
vehrs & son, L,eoanon, one load.
Hog run today
Week to date
Same period 1910
Month to date
Same period 1910
Year to date
140
.. 1,708
.. 1,848
. . 973
.. 1,630
, .88.632
,.79,171
Samo period 1910
v radar's livestock Bales.
. STEERS.
Average lbs.
16 steers 991
COWS.
6 cows 976
29 oows 976
Price,
$5.10
$4.75
4.66
HOGS.
95 hogs 173 $.80
2 hogs 645 6.60
61 201 6.86
X 510 6.50
1 670 4.60
HIBERNLA SAVINGS BANK
OR PORTLAND, OREGON.
Statement at Close of Business, December S, 1911.
, RESOURCES.
Loan and discount!
Real estate, banking house, furniture and fixtures
Stocks and securities
Bonds and Warrants
U. S. government 4 per cent bonds
City of Portland improvement bonds . . . ;
City of Seattle water bonds s
Other bonds and warrants
Due from banks ..,
Cash on hand..".
Capital stock . . . .......... , , .......... .
Surplus and undivided profits , ,
Dividends unpaid
Savings and time deposits .$1,368,199.07
Demand deposits . ..... . , . . . , i . 824,607-02
' v ; Total deposits
. 'f ' .
' I' " ' OFFICERS AND DIRECTORS.
ANDREW C,' SMITH, President LANSING STOUT, Cashier
FRANK E. DOOLY, Vice Pres. C. B, SEW ALL, Aiit Cashier
4 Crop rigures Oonfasa. - ,
4 Washington, Deo. 8. There is
4 great confusion over the govern- 4
4 ment figures on the growing of
winter wheat crop. The acreage 4
4) was first posed at 82,648,000,
4 then corrected to 82,212,000. Ths 4
4 figures on acreage last year were
changed from ths established
4 ones given to ths trade previous-
ly. Condition of growing crop
is given as 88.6. According to 4
4) different methods of calculating 4
4 ths prospective yield, the total 4)
4 ranges all tha way from 498,000,- 4
4 000 to 630,000,000 bushels, 00m-
pared ' with about 603,000,000 4)
4 bushels in ths December report
last year. 4
'.
A
ou) woxxa veut icajucxrr.
Uverpool Wheat opened nnohanged
to Hd lower, closed Ha to Md Igasr.
Parte Wheat nnohanged.
Antwerp Wheat a,4 Algher. .
Berlin Wheat quiet,
Budapest Wheat steady.
WHEAT CARGOES NOMINAL.
London. Dec. 8. Wheat caraoea nom
inal.
English country markets steady.
French country markets quiet
1 Cars
Wheat Bar. Flour. Oats. Hya.
Monday .... 69 1 20 9 63
Tuesday ... 76 7 18 9
Wednesday .78 1 8 S 14
Thursday .. 44 .. 4 6 14
Friday 43 .. 7 9 14
Year ago.... 86 2 2 4 10
To date 6738 240 1289 821 1656
Year ago ...6151 304 1031 638 1099
Wheat market prices are nominally
stationary at 77o a bushel track delivery
for dlub and 81o for bluestem.
Few buyers are wllllna to take hold
at this quotation, most of them being
unwilling to orrer over 76c lor club and
80c for bluestem. but are nominally
quoting tha higher figure.
As a rule country interests begin to
offer wheat whenever tidewater does
not care to bid. but at this time holders
in the Interior sre rather firm in their
views. It is not probable that even 78c
for club would bring out more than a
nominal offering.
The market for cargoes remains nomi
nal and all efforts of the trade here to
Interest foreigners in our wheat are un
availing at this time.
Argentina continues the factor, and as
there are all sorts of forecasts for the
weather, the trade abroad Is awaiting
more definite news before taking hold.
There was a slightly Improved feeling
abroad today after a weaker opening.
ums mantei is jusi as quiet as wneat
Hay remains steady.
NORTHWEST BANK STATEMENT
Portland Banks.
Clearings today $1,695,482.04
Clearings year ago ,. 1.279.470.38
Oaln today- $ 816,962.66
Balances today 119,934.65
Balances year ago 201,203.63
Seattle Banks.
Clearings today $2,054,260.00
Balances today 244,547.00
T aooraa Banks.
Clearings today $ 649.281.00
Balances today 38,368.00
CONDENSED
The United States National Bank
OP PORTLAND, OREGON
Submitted to the Comptroller of the Currency
AT THE CLOSE OF BUSINESS
DECEMBER 0, 1011
ASSETS
Loans and discounts.. .$6,688,683.68
U. S. Borjds at par. . . . 1,064,100.00
Municipal & Ry. Bonds 1,163,771.32
Bank building 125,000.00
Cash and exchange. .. . 4,787,484.08
Total $13,810,039.08
. , LIABILITIES.
4 Produce Along the Coast. d
4 ' Butter. Eggs. 4
4 Portland ......,....$ .87 $ .46 4
4 Seattle ............. .37 .48
Or San, Francisco .$2Vb .43 4)
v ' '
4) 4 4 w
With California beginning to ship
butter to the east, which caused a fur
ther advance of a cent a pound in the
south, there la a noticeable Increase
in ths strength of the local trade.
The chief change in the situation
here at present is the absence of shad
ing of prices. For some days there was
considerable cutting of... butter quotations,-
although lists were unchanged.
Now. however, values are uniform.
Present indications point to an ad
vance in the price here, an effort being
made to force the price upwards, next
Monday morning. While the make of
butter here is at present showing up
fairly well, the output Is not as heavy
as it was some days ago.
The strength in the south and higher
prices available both here and In the
east, will lessen the shipments from
both sections to this market The bet
ter tone in the east will be the best
factor in holding up the local market
owing to the fact that the eastern but
ter has been the chief bearish factor
here this season.
SHORTS. ARE GETTING SCARED
Cover at Least a Portion of Their
Wheat Sales Today.
Chicago, Dec. 8. Wheat shorts are
5ettlng Beared. Weather conditions In
rgentlna are attracting their atten
tion and on the most favorable pretext
thev are covering at least a portion of
their sales. This market closed un
changed to -140 higher after opening
with an advance of o each for the
three options.
Liverpool was firmer and higher at
the closing, bringing about the initial
streitgth here. .
Bfoomhall estimates world's wheat
shipments on Monday as 6,200,000 bush
els, exclusive of North America, com
pared with 6,216.000 bushels last week.
He predicts a fair Increase on passage.
Ranee
of Cbloago prices furnished by
A Cooke Co.:
Overbeck
Open. High.
Low. Close.
Deo.
May
93 83M
91U 93
97
9 97HA
July
t3H
CORN.
93
93
Deo.
62
63
63
May
July
OATS.
47 47
49 49H
4514 4514
Dea.
May
July
Jan.
May
July
Jan.
May
July
Jan.
May
July
46H A
48
45V, A
PORK.
.1562
.1600
1665 1542
1600 1690
1560
1597
1607
900
922
932
817
847
845
LARD.
902
922
932
RIBS.
817
847
846
, . 902
, . 920
,. 930
815
.. 847
. . 840
897
917
930
815
842
840
CATTLE FEED EXPERIMENT
Oregon Agricultural College to Try
Oat Load, of Steers.
(Special to The Journal.
Oregon Agricultural College. Corval-
11s, Or., Dec 8. An interesting experi
ment in me rationing 01 oeer catue is
REPORT OP
LIABILITIES
Capital $ 1,000,000.00
Surplus 750,000.00
Undivided profits ... 219,611.95
Circulation 753,400.00
Deposits 11,096,027.13
Total $13,819,039.08
.$1,470,761.01
. 67,849.24
432.69
58,206.25
177,325.00
5,000.00
17774.70
258,305.95
682,798.88
$2,480,147.77
.$ 200,000.00
. 87,181.68
160.00
467,842.41
214,956.47
2,192,806.09
$2,480,147.77.
JOHN DRISCOLL
E. C GODDARD
H 61U (
K 62 H 62 B
& 62 (i 62 B
4H
48
46
Market Up a Nickel With Top Stuff
at $36.20 Today.
South Omaha, Neb., Dec. 8. Market
weak. Steers, $7.0008.10; cows and
heifers. $4.60 6.40.
Hogs, 9800; market 100 to 16o lower.
Sales, $5.75(96.20.
Sheep, 4600; market lOo to 15c lower.
Yearlings, $4.16$4.75; wethers, 8.5a
4.00; lambs, $5.60g.80; ewes, $3.60
8.76.
SEATTLE PRODUCE MARKET
Fresh Eggs Down 2 Cents; Potatoes
and Onions Unchanged.
(United Prem LeiMd Wlra.t
Seattle, Wash., , Dec. 8. Butter
Washington creamery firsts, ' 3738c;
eastern fresh, 3036c; do storage. 280
82c.
Eggs Local ranch, 48a; eastern fresh.
SsMUlo; do storage. 27 019c
Cheese Tillamook twins, 16 He: do
Young Americas, 18ttc;. Wisconsin
Young Americas. 20o; do twins. 17c;
cream. 20c; Coos Bay, It Vic; Limburger,
17 He.
Onions Yellow. $1.60 per sack; red.
$1.60: Walla Walk. $1.26(91.60.
Potatoes Per ton. $24.0027.00.
CREDIT and confidence grow with business re
lations, and when once established with a
strong bank is additional working capital for
a successful enterprise.
A quarter century's experience with local condi
tions enables us to assist you in the right way and
at the right time.
MERCHANTS NATIONAL BANK
Founded in 1886 Washington and Second Sts.
THE UNITED STATES
NATIONAL BANK
PORTLAND. OREGON
UNITED STATES DEPOSITORY
Capital
Surplus and Profits
OFFICERS
J. C AINSWORTH, Pres. R. W. SCHMEER, Cashier
R. LEA BARNES, Vice-President
A. M. WRIGHT, Assistant Cashier
W. A. HOLT, Assistant Cashier
DRAFTS ISSUED ON ALL FOREIGN COUNTRIES
PAYMENTS MADE BY POST TO PARTIES ABROAD
WITHOUT COST TO RECIPIENTS
Lcidd fcTilton Bank
ESTABLISHED 1859
Capital Stock - - - $1,000,000.00
Surplus and Undivided Profits $800,000.00
COMMERCIAL AND SAVINGS ACCOUNTS
Letters of credit, drafts and travelers checks - .'.
issued, available in all parts of the world
Corner Third and Washington Streets
FIRST NATIONAL BANK i
" CAPITAL $1,500,000
SURPLUS . $750,000
Oldest Natioiia! Bank West of trio
Rocky Mountains
LJUIMBERMESB
'CAPITAL
4 PERCENT
ON SAVINGS
Overbeck &
Cooke Co.
Commission Merchants
Stocks, Bonds
Cotton, Grain, Etc .
216-217
Board of Trade Building
Members Chicago Board of Trade,
Correspondents of Logan Bryan
Chicago, New York, Boston. .
Wa have ths only private wire
connecting Portland with tha
eastern exchangea
$1,000,000.00,
900,000.00
$1,000,000
cor. nmi
AND st :