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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Feb. 18, 1912)
NEWS STOCKS BONDS GRAIN LEGiTi'JATE DEFEND FOR WOOL IS CAUSE OF OEnER TONE AND CONTR.CTS ARE NOW - EiGERLY SOUGHT BY BUYERS FROM EAST peacemai:er WHEf, BUSINESS IS BAD LIYESTOGu m IS mi iii pies GENERALLY ADVANCED RAILROAD COMPANIES SURE TO GET BLAME Vool Growers of Oregon Are Adverse to Tying Up Their Clip for This Sojison- Owing to Their Having Been Stung by Selling Too Low During Former Seiisons; Slost of ThemViU Await the Regular Sales Pays' Kef ore Disposing of Lots. 1 Everyone Takes a Knock at Big Companies ; Because They Are Large and Can Stand It; Ameri can Koads Better Than European. North Portland " Trade Pays l'p to $0.'&5 for Steers During the Wek 'and Lambs Are Firm for the ' First Time In Many Weeks.. -; . ' i ;,'. ' ,1 j Hy llynum H. Cohen. -There Is a--legitimate demand for wool and tii! alone the cause of the better feeiir.sr U through the fleece trade. Contracting of new clips has been reported at southwestern points at prices that are fully a cent above those available a year ago and In other Instances aa hiffh as -o advance has bwn pnid. . The situation in the wool trade has tome to the point where a decreasing supply is made to take care of an in creasing demand. While the use of wool Js growing year by year there has been quite a large decrease in the hold ings of sheep throughout the1 wuuli. It is but natural that 'with less sheep to shear there will be a proportional decrease In the output of wool during the coming season.' This together with the better demand that lias appeared has been the sole basis for the better ton in the trade. " ' , Oregon Growers Hold Bade Unlike their action in" previous years, Oregon wool .growers are not intent up on contracting their fleeces this season. Efforts have oeen made'to bring grow, ers to that viewpoint but without sue cess. For years woolmen of this state ha been the scape goat for the entire trade, Thev have allowed themselves to sell their fleeces at low prices in order to influence the rest of the coun try in selling at reduced iigures. While the plans of eastern buyers have nbt generally proven successful in bringing down the price elsewhere even though Oregon growers did lend them selves unknowingly to the scheme, the producers of this state have generally been the sole sufferers. They are not going to repeat their experiences if they can help' it. They are not going to sell their wool until they get a clearer, view of the situation. Kold for Sales Days. Last year the regular sales days of the wool growers were almost .a flsile for the reason that many of the lead-" ing growers either sold tueir wool pre ioua to the sales or else did not offer it then. This year sentiment is gen erally in favor of offering the wool on the regular days. ' " This is expected to give all interests a square deai. Better prices arealways .-obtained tor large offerings thair for small ones as the expenses of securing the clips are far less, --This is true of wool as of mohair. Last year those that sold their mohair through the pools sacurt'd several cent a pound more for their fleeces than did those tl.u. enM tnHntTl(i(nt. s Another lug argument Iii favor ef the resninr sales days tor wool is that ii..iiinr hiivpps from all over the conn n y are able to compete with each other lor supplk's if regular periods of-sales aro held and that they be made such that buvers can go from one section to noiher"wtthout losing time. This alone is worth a cent a pound niore Jo buy' era than the old method.' ' -', rnaonlation X.S1B Active. .. A Boston mall advice says of the general ltuation in the wool trade: Hpeculatlon In scoured wools between loufopo whlnh dnrinff the nast few weeks was o'ne of the features of -the local market,-has subsided ana m gen eral the market does not show as much life as it did recently, although one or twd houses have succeeded in dls-niielns- rt Mimt pood Rized Quantities of (stuff. A, lot of approximately 1000 bales fabout l.OQO.uoe pounds) or Kouin Amer ican crousbreds is included -In the busi ness of the past week and some good bized lines of medium and low medium but either because of the scarcity! of the- kinds of wool" most wantedor the stiffness of prices buyers are not tak: ing hold with the snap they did a few weeks ago. '.''.-'; ' Prices are Pretty stiff alt along the -llna hut esneciallv for medium domes tic wools, both fleece and territory. In deed, Wiere is something of . a famine of medium fleeces, and the manufac . turers who must have them usually come pretty near paying what the holder -asks. A sale of 100,000 pounds of Ohio quarter-blood wool la reported PAST WEEK Slowness of Trade Has Been Chief Characteristic in New York; No Signs of a Public -Awakening Are , Tet In Sight. By Benjamin B. Bryan. i Of Logan & Bryan, New York. New York, Feb. 17-Intense dullness has been the chief 'Characteristics of the lock market -of the past week,and as the latter closes there does not appear to he diNtlnct signs of a reawakening of activity except such, as may result from a marked change in the conditions surrounding the market. Politics, -both international and domestic, have been the governing influence and'in addition, Ubor unrest has been a factor in, pro ducing hesitancy, if not unsettlenient. Seemingly a etep In the right direc tion has been recorded abroad. In the matter -of promoting a more friendly -feeling among the powers, but still that wnlch has been- most desired, namely, an anglo-German understanding, has : not as yet apparently been entirely con summated. .- '. : 'i' lie foreign maYkets have been somewhat- fliirturbed by rather distinct signs of future labor troubles in England and 1; addition the demand for gold on the part of Franc has been suggestive of a desire to strengthen reserves for pur roHs not entirely discernible from sur lac.f Ir.djcatlons. , : While seemingly a rebuke has beep administered to destructive radicalism ti the matter of trust busting, corpora tion baiting- and investigating commit tees In tiiia country, utillthe" business ; and financial community lias not as yet been able to make satisfactory deduc tions as to 'the probahle course of events during this, a presidential ' year. The rropneed Inquiry. Into monetary condi- r.ous nan commanded the larger share of attention owing ,to the delicacy of : our financial Institutions and the neces , ally of trading Judiciously and along such- lines as will not "create dlstruat during the period of securing such In formation as will be necessary to form basis for proper remediea.- Those .In q'lest of, polltii-al" honors, apparently , ' ' ' . weetiy rop Koport. During the week spring plowr, Jng was started In many sections of the wheat country ofr the Pa cific northwest, Spring seeding Is under way Jh other places and,, taken altogether the situation as' STOCK-MARKET FEELS EXCEEDING DULLNESS " DURING 4 scarcely be Improved, ' t "' 4 at SOe, and a bid of "9e for wools of that sort Is said to have been refused. These prices seem outrageously high when it Is considered that Sue In tlie grease tor quarter-biood means a clean cost of '62c, and New Zealand 46's can be laid down hers at about that price. But the buyer no doubt knew this condition and paid the price for the do mestic wool because he had to have-it. r Quarter-Bloc ds Scarce. Missouri quarter-bloods , are .-held- at 8c and have sold at 2Tc. and low Michi gan wools of this grade have been moved at -24c. Fortunate, indeed. Is the dealer who lias any wools of this char acter, because at tueaent there Is more demand than supply. And nothing more illustrates 'the scarcity of domestic wools of the medium type than the sale of the South American wools referred to before. These wools were sold prac tically to arrive and taken up after Inspection on the dock. They sold at 33faS3c for the high quarter-bloods. 81&81V.C for the straight quarters and 29H30o for Lincoln. ; Half-blood Ohio combing wools have sold-at 28c, three-eighths blood wools from that 6tate at 27 c, and small lots of XX wools have been moved at 28c and fine unwashed clothing Ohio clips continue, to find a steady sale at SUtc Medium wools predominate In the deal ings in territory wools. Soda Springs, Idaho, three-eighths bloods have sold at 23 He In good sized lots, and a consider able quantity of Montana wools of that graae nave neen moved at zsc. Halt blood Wyoming, have sold on a scoured basis of 53 54c, and original bag wools from that state have gone at 53c scoured. ' t Orielnal bar MontAna hava nnM in fair way at 19 r,i 20c and Idaho wools In the sack in whtch they arrive have brought 17c. Some movements of Mon tana clothing wools is reported at 18V4e, but scoured wools do not attract the manufacturers nearly as much as they did the dealers who bought them re cently. It is hinted that some dealers who were trying to buy some scoured woois recently are very pleased they did not secure them. Texas and Cali fornia wools do not show much life, al though there Is some Interest in the clips from the first namedstate. , ,1. Contracts Are AYsUaple. Quite a little contracting for the lit! J wools has lately been going on in tno territorial wool sections, and it Is re ported that In Utah fully one-half of the clip of the state has been bought Boston, Philadelphia and St. Louis par ties have been represented In the cur ettages,- which were made' at prices. iKiisina- irom m to ioc. tn ivevada. buvsrs from the enst hnv mnlmti4 for the new clips at 1816c and in the -tnangie- aeais nave neen made at 17 tp 18c. Bids of 16l6c have been made the growers in Montana, but no wools were secured, as growers, with -the knowl edge that Utah clips had brought ltikc, asked hieher prices. - 7---rr . The leading grades of wool are quoted In Boston as follows: -1 California- Humboldt and Mendocino, 18fiil9c: southern. 14fflHc: fall. 14fflK Oregon Eastern staple, choice, 18i?2) 19c: average, HffJi 17c; valley No. 1, 2t wsc; o. a ziwiiK: iNO. a. ii(023C. Territory Idaho, fine, 1718c; heavy fine 15lc: fine medium, I718c; me dium. 2122c; low medium, 2 3 2 4c: Wyoming, fine, 17 18c: heavy fine, Is 16a:( fine medium, IJig'lSc: medium, 2122c; low medium, 222Sc; t'tah and Nevada, fine, 1718c;lieavy fine, 15 16c; fine medium, 17) 18c; -medium, 2021c; low medium, 22 23c; Dakota, fine, 18(a19o; medium, 2223fe; low me dium, 2324c.'. .. ., Montana Fine choice, isffll&oj aver age, 17 18c;. fine medium choice, 18(79 19c: average, 1718es fine staple, 215J 21 He; medium" cnoice,22(5! 23c; average, 21322c; low mediumr 2324c. Colorado, New Mexico, etc. Colorado; fine, 1618o; flne medium. 18l9c; medium, 20(i5)21c; New Mexico, Im proved, 18018c: Arizona, heavy, . l 17c; average, 1920e: choice, 2122c; Oeorglai 2223c Texas Twelve months, choice, 19ffl' 20c: average, -18 19c; eight months, 17 18d; fall. 16l7c. have not always borne in mind that the public welfare is best served by sane and conservative methods, lt does not seem too much to say that our states men have lt within their power at pres ent to dictate the course of trade In' dustry, , Range of New York prices furnished by Overheck A Cooke company. -Description I Openj Hlghi Low Bid Amal. Copper Co. 65 65 6 Am. c. & F., C. Am. Can, s 11 do pfd 92. I 92 604 iiH 71 108 ioi" 104 81 48 Am. Cot Oil, o AHA, V t , Am, Sugar, e. ... 119 119 Am. bmelt., o do nfd.... 71 71 103 i 103 Anaconda M. Co. 38 Am Woolen, e.J atcnison, o...,, do pfd ....... Baltl, & Ohio, c Beet Sugar. .. .. Brooklyn R. T..' Canadian Pao., c Cent Leath., c, Chi. 4 O. W., 5. 104 i 103 103 104 77 l?l 31H 231 i 21 ilk' 231 17 do nfd.. Chi. M. & St P. C. JN., c...... Ches. & Ohio... C. F. & e... 104 104 .,.. 42 1- t 42 ssoutnern, c. do 2d pfd. ... do 1st nfd... Cons. Gas ..'..i 138 138 Corn Prod., . . ao pra ...... Dala. & Hud... '., A i 21 ii" ii" 87 i t ' 21 31- D. & R, G., c. . do nfd . ...... Erie, c. , , . . . . . ao d prd ... do 1st pfd ... Gea Electric . ; 61)4 87; G. N. ore lands. u. N., pfd. . . , Ice Securities 111. Central . .: Int Harvester Int. Met., c. . do pfd .... Lehleh Valley 128l 130 129 ' 20 135 14 106 105 ,17 iiik' 2S 17 17 5 68 157 157 K. C7 Southern.. 26 -J 26 , Louis. & Nash.. . Mex. Nat, 2d... M., H. P.&S. H. It M., K. A T., c. .. o nf d ..... mm II. . 32 132 26 62 3 M 78 -117 31 122 32 i 82 26 Missouri Pacific. national ueaa . Nevada Cons, , , N. Y. Central . . N. Y., O. & W.. Nor: & West... North American No. Pacific, c. Paoific M. S. Co. i 18 U0V4 110 110 i09" iii" 109 110 Hi'' 31 117 81 123 31 Pennsylvania Ry. 123- 122 y. I & c Co, 11" .,- ITessed St Car, c 81 i ao pro , ...... Reading,.c Hep. I A 8., Rock Island, e. 100 ? 166 156 . 186 19 23, J8 ihi" 27 '13 163 '69 19 23-'I 88 81 V 8. L. & 8. F., 5pf 38fS ioi" 27i 8. JU. & 8. W., C. houtn. ijac, ... South. R'y., c. ., Texas ,'4 Pacific T., 8, L & c U. P., C....T.. ITf 8. Rubber ., ,TT. 8. Steel, C . Utah Coppftf-. Va PViopfy AVabash. n. . . . . 108 27 21 13 131 13 163 1SSV4 164 Vi 45 69 66 69 T CAT 67 66 44-4 7 ?e 48 West house Hec, vv.- c. . Total tiiJs-- JT.iOfi aha re. t . -, . .. ,t REVIEW OF Wheat Market Shows Consid erable Strength but Trade -Is Not Lively. f There war considerable strength - in the wheat market during the past weeh although business was not so brisk. This was due to the near approach of tax day in Washington where the bulk of the Pacific northwest supplies are held.H Miners were Didders tor ciud wneat recently at 87o a bushel track basis and they say that the grain is worth the price.- However, this is the limit - As they have their Immediate requirements they art not Inclined to take on any more stock until after taxes are levied March 1. Then they , are expected to reenter the market on , a : good : basis. Bluestem remains at 90c HOP SnOUTS ARK FOOLED Expectations of Bean Are Not Real Tr ized; Demand Is Increased. Expectations of short sellers of hops that they would be able to easily in duce growers who- retain remaining sup plies at low figures,; In order to cover the formers' sales, have not materialised and after the initial drop the market has stiffened. During the week there was an increase in the business offered. Contracts .are firm and the- tricK. et shorts to depress them has not been suc cessful.--. DRESSED MEATS HORDING Fractional Declines Only Are Shown : in Front Sfireet Trade. : Dressed 'meats held rather wall in the Front street trade during the week, althoueh at times there was consider able easiness In hog values. Receipts were heavier than the previous week while demand did not seem so good. Dressed veal was steady to a shade lower with a fractional Increase in re ceipts. ... ,,i .j-, ......i!'.. . OAT9 MARKET Ifj .LOWER Approach of Tax Day Causes -Many - to Make Effort to Unload. ' A cut of 60c a ton was shown in the buvlng price of oats in the local market during 'the week. The decline come as a result of more free offering by wash. lngton growers who wanted to let go and escape the March 1 tax. The price paid absorbed this amount FINDS CORN ' (Wsihlnctoa Bureau of Tbe Jonrnsl.) ' Washington, Feb.. 17 Think of Iowa with almost 10)0O,OOO swine and Oregon with 258,000! Does it look as if Oregon wan raising Its proper proportion of the 65,000,000 of swine in the United BtatesT And yet Oregon Is well adapted- to raieing hogs. There Is one drawback whiqh may be considered a serious one, and that is the dlfflcultyof getting a variety of corn that will ripen in the short reason and not mould.-'' '' -Oregon makes a better showing when t comes to sheep; but why not hogs? That is the question Representative Hawley asks. "He went to the depart ment of agriculture several years ago to find out about It and ever since then he has been trying to have the department PRICE OF " r Oraln," Tlour and Hay. -r-. These prices are ;hose at which whole salers sell to retailers, except as other wise 'stated: WHEAT Producers' prices, nominal, track deHveryj-Wo; bluestem, ,90c; forty-fold, 87c; Willamette valley, 87c; red Russian, 86c; Turkey red, 87c BARLE Producers' prices 111 Feed. .36. nn-, rolled, . 136.00; brewing, 139.000 40.00. MILLSTUFFS- i3eliln price Bran, 123.00; middlings, 829.80; shorts, 825.00; chop, S19.OO0i2S.OO. ' Car lots 50o per ton less. . ' OATS Producers' ..price Track No. i. spot delivery, white, 131.60; gray, $81. FEOUR Jelling price Patents. 4.50a 4.70; ' Willamette, $4.60 per bbU; local straight, $4.054.25; bakers' $4.U0 4.80; export grades, $3.80. j HAY Prooucers' price 1911 erop Valley -timothy, fancy. $14.80015; ordi nary,. $1314; eastern Oregon 816.60f 17; Idaho, 816(917; mixed $18(3H4; clo ver,. $941.10: wheat, $1 1 (fHll.60; cheat $U11.60! alfalfa, $12.60018; oats, $11 611.50. .-,;: . . A '..-,.. , .' ''. ' JSuttJr, Eggs and Poultry. BUTT R Extra creamery, cubes and tubs, 36c; prints. 37c; ordinary prints, 883Bc;' dairy, l819c BUTTEl. FAT producers' price F. p. b. Portland, per pound. 87c. - . EGGS Local extras, 20c; spot buy ing price. ( ) f. o. b, Portland. --- POULTRY Faney hens. 16c per .lb.; stags, 12 H3 13c; broilers and fryers, 25c per lb.) geese, lie; dressed, ,16o; live young ducks, 20c; od ducks, 18c; turkeys, aliv4 nominal," 17c; dressed, ZUc: niirjons. old. II : vnimi f ff) in ' , i-rS Ay PT-Jackrabbitsjj per doxen.l-. rHEf;SlNominal7T" fresh Oreeon rancyr-f uH oreamr iinpletf' aftd' daisies. zoc; young Americas, Jlc; storage flats, 20c;' young Americas, 21e; eastern unimes, iuc. - ' - I I ...... ' " ' I ... NORTHWEST Potato Trade Is in a Firmer Position and Prices Are Better Here.'. ... By llyman H. Cotton." Potatoes are In a. firm position and the expected break In values has not yet a materialized. In fact the market may be ; considered somewhat firmer with a fractional advance In the price. The better offering of choice quality by producers of the Willamette valley has been met by an Increase in -the amount of outside business available. While it haa been stated heretofore that California has- sufficient potatoes to last for at least two months, latest reports from there state that the ship ments to the - east are fast deploring holdings and that within a month prices will advance sharply. ? While this . Is a mers speculation, the outlook for favorable potato prices. Is better, today than lt was a. month ago. While it is not generally believed here that prices will show any sensational advance during the remainder of the season, ideas are slightly more bullish than they have been. t ' This is due to the heavier purchases by the east and middle west, which have In turn taken out a larger amount of stock than was originally-Intended for the Pacific coast trade. ' , SALMON CATCH INCREASED Ron .In Columbia Is Improved With More Chlnooks Coming Forward. , An Increase in the catch of salmon was shown at Columbia rlvett. points during the week.. While most of the run consisted of steelheads, there was quite a fair sprinkling of chlnooks of excellent quality. The fresh fish mar ket remained - very: firm at last week's prices. " ! Canned salmon was firm at unchanged figures. - MUCH WEAKNESS IN HAY Trade Very. Slow With Even Best . Varieties In Poor Request, , . There was much weakness In the lo cal hay market during the week. With milder weather and with plenty of grass available, the cheaper grain stock, to gether with alfalfa, found tut little call and there was a decreased demand for even the best timothy. - Prices were nominally unchanged. , . , .. , , FOR HOGS find for htm varieties of corn that will thrive in Oregon. Thy told Hawley that in the long ago before the white men came to America, malxe grew only: In what we now call the south, as the northern season wis too short to ripen It By a process of selection, the de partment of agriculture has gradually widened the area of the corn country, and It is believed that a variety has be.en found which will do well In Orc gon's -moist climate," with "Its compara tively short summer season. "I hOi that the- department is right" said Representative rUwley to Ths Journal's correspondent. "We long agj felt the need of a good finishing food for hegs, and we tried manv thing. Barley, lt was thought, would fill th PRODUCE IN mats and TegeUDiesr POTATOES 8elllng prices: Ordinary Oregon, $1.25 1.86: good, $1.1B1.25; buying price table stock, .$1.0L35; sweets, $3.26. .. . . . M i VEGETABLES New turnips, ; 55 sack: beets, $1.50: parrots. $.25.1.50; cabbage, $1.25: Mexlran tomatoes. $2.25 per lub beans,-12c; green onlons.rl6c dosen: peppers, bell, 20c lb.; head let tuce, $2.75 per crate; , hothouse, $1.00 l)Oxi radisnes, 1 5c diw.en hunches; celery. 15.75 (& 6.00 crate; egg plant, 10c Jb.fi cu cumbers, hothouse, $1.40 dos.: peas. 17c; cauliflower. California, $2.65 (3 2-75 per Crate; asparagus, 20c lb. : -,;.., I , : - FRESH FRUI'Kg Orsnges, I $2.25 2.78; tangerines, $1.60; b85ianas,44c lb.; lemons! $5.60: limes, $!) a case; grapefruit $8 00 7.00; i pineapples. 6 per-. Iks! cranberries., $9.50; pears, $1.50; Jap, oranges, $1.35. j APPLKS-r.New crop,' $1.600175. ONIONS Yeltow No. I, $2,601; No. 2, $l,251.60; garlic. 7$8a - . Bops, Wool and Hides; HOPS-s-Producers' price 1911 crop, choice, 37c; prime, '35c; medium, 84c: 1909 growth, 20c; 1913 contracts, 260 8ic;v1918 and 191, 170lsc. WOOI Producers' price Nominal 1911: Willamette valley, - HVittll eastern Oiegort, 9 15c. -- t MOHAIR 1911. selected. 3587e. ' CHITTIM BARK Producers' price 1911, less carlots; 6ft B: carlots, (He i. Oi a. rorijanu. TALLOW Prime, per lb 4c: No.- a mLn.,,L -. Ij&SSELW&JISLZSSlJ (salt, 8c; kips., lie; calve dry. J net cal EHina,i sauea or green, lie; green hides' 11 VfcC less than salted; sheep peiia. sanen, rnovemoer, sue; December, ,;8l;ory. iOHo lh. I I PRODUCTS Serious Break in Eggs Caused by Heaviest Run to Reach Front St.r Trade. There was a very serloun break In gg market prices along Front street during the past week. . The loss in price was the heaviest ever known at this time of the year while, the receipts broke records for all previous occasions. According to Front street men they never saw eggs come forward so quickly as they did during the past week. Prices, dropped from 3 to Sc a day and were weak at the lower figures. To ward the close of the week the situa tion was still serious. In sotnesiuarters there was talk of a 17c market for next week with' probable storage operations at that figure. " There Is one realW good feature about the increase of production of eggs here. There will be far less eastern stock im ported for the winter trade than usual. This will mean much more money left in the hands. Of home producers. - APPLE. MARKET IS WEAKER . Sales Are Made Fractionally Lower) More Stock Offering. " There was a weaker tone in the local apple market during 'the past week. There was an Increase in offerings and this led some of the receivers to slight ly shade their previous quotations. Very UttlS extra fancy stuff remains. , BUTTER MARKET MAINTAINED Advanced Price Received Although : ; There Has Been Greater Make. At the 'advance of 2c a pound quot ed at the first of the week, the creamery butter market held Intact during the six days.' There has been an increase in the make but in most quarters the trade reported Its ability to clean up. f CHEESE STOCKS EXHAUSTED No Fresh Make Available and Poor Storage Goods Sell at 20 Cents. Stocks of fresh cheese of all makes were exhausted in the local market dur ing the past week in Portland, i The situation was so acute that one of the leading commission handlers brought lortn a small supply or California stor age cheese which was quicklv picked up by the trade at 208 a pound for lats. IN OREGON bill, but lt is net so gooa as corn. But the trouble has been to finda variety which ' Will mature and yield, and not mujew aner u js put in tne crio. Tht department has finally selected sevrnl varieties . which It ' has hopes f good results from, and at the secretary's re quest I have furnished the names of 300 farmers who,; believe, will make careful tests of the vari'.'tlfls which th department; will send to them. Thcv WilL bo expected, to report -the results of their tests and tnen we can tell what to do next. Full instructions will be given each recipient of seed icorn, and we shall hope for good results Very much depends on this test. I would like to nee Oregon producing hoers and pork products in the proportion Its area and general quaurics&ions entitle lt to." PORTLAND , - Groceries. - ' - - 'SUGAR Cube, $8.95; powdered. $8.85; fruit or berry, $6.55; beet, $6.45; .dry granulated, $6.65; D yellow, $8.25: Hono lulu plantation cane granulated. 6c less, ; (Above quotations are jo days net cash.) RICE Japan. No, 1. S6V4c: No 8 4l4C, New Orleans head. 6H6c; Cre ole, 5c ,. .. . . - SALT Coarse, half irroun'd 0ft ID its "r ton: 60s, $9.00; table dalrv. 50c. $l$:Jing the business." "Tnat so 100s. 817. bales. $2.20; extra fine barrel,! said the first broker, "but of js, 5s ana los. $4 5.; lump rock, $20.50 per ton. . , ' BEANS Small white. 14.90: lars-e white, 84.85: pink. $4.25: bayou. $4.76; Llmas. $7; reds. $5.60. HONEY New, ," per case, -' . 4 SSeats, risk and Provtsiona, DRESSED4 MEATS Front street: Hoes. : fancy. 8c: ordinary.- 1 m, 1 u . fheavy, 7Vkc; veals. extra, 18Vc; orainary, tc; poor, tzc; spring lambs. 89c; mutton, 7 8c,', goats, , 101U0; beef, 6 (3 9c. , ; HAMS. -BACON, Etc. Hnma, HHiffl 18e: breakfast bacon. 18H024c; boiled ham. 225J23c: clcn;rs. lOUrr Mti T?oi regular short clears, smoked. lZVic;.. backs, smoked. 13c; pickled tongues. 76c lb.. ; FISH-r-Nomlnftl Rock "cod. 10; lb.; flounders. 6c: halibut, 8llc; striped bsss 30c; catfish. 12312Hc: salmon, 12c lb.; soles. 7c per lb.: shrimps 12 He lb.; perch. 7 8c; tomcod. 8c; lobsters, 25c; herrings, 6.6c; black bass, 20c; sturgeon, -rl per lb.; silver smelt, 8o lb.; black rod, 754c;. dressed shad, 7o: roe-shad. 10c; shad roe. too lb.; Coium- k' - LiiL vmw per box,.', ,uro: DTSTERS Rh(iaIWfttr t,ar nor Ion (--)j per. 100 lb. sack );.01ym pla, per gallon, $3; per i 00 lb. sack, $9; canned eastern, 55e can., $8.50 dosen; esstern In shell. 1.755.00 ntr to.i- rasor clams, $22.25 box. , ' ny Preston C Adams."-' New York, Feb. 17.-rl.t. is quite , toe1 proper thing In some circles to hammer the railroads 1n reason and out of sea son, it seems to be the proper thing if anything goes wrong in ' business to blame lt on the railroads. They are big and can stand lt It is gratifying there fore once in a while to have an oppor tunity to say something .good of the American railroad 1 ,t The bureau of railway, economics has been, making some comparisons 'which show the American roads in a favorable light as compared .With the European roads. The nortlon bf the United States comprised In what tlie Internals Com merce commission designates as Group 1 1, consisting approximately of the states of New York, Pennsylvania, New Jersey, Delaware and Maryland, is comparable as to area, population and industrial de velopment with the United Kingdom,, with France and Prussia-Hesse, the lat ter containing the more lmpqrtant rail ways of Germany. " . The density of population of Group 11, however. Is only about half that of the United Kingdom. In proportion to area. Group II has a greater number of miles of line, but the number of miles of track Js slightly less. In proportion to population Group 11 has over twice as many miles of line and virtually twice ns many mites of track (including ad ditional running tracks and sidings). Ton mile and passenger mile statistics are not kept in Great Britain, but Group 11 has a freight train density abouf three-fourths as great ass that of the United Kingdom and a passenger train density about two-fifths as great In View of the known difference between train loads here end abroad, lt is safe to add to the bureau's returns the ob servation that freight traffic must be more dense, in Group 11 than in the United Kingdom. Freight revenues per mile of line are over one-fourth greater. The net "capitalization per mile or line of the railways of the United States is less than one-fourth that of the Unit ed Kingdom and less than one-fifth that of the railways of England and Wales alone. . :..--. ' . Freight density l Grqup. .11' (tons moved one mile per mile of road) is nearly four and a half times as great as that of France, while the freight rev-, enues per mile of line are a little more than two and one-sixth times as great The passenger density (passengers moved one mile per TOile of road) is not quite three-fourths that of France while the passenger' revenues - per - mile are about one-tenth those of France. In proportion to area Groan 11 has one and one-third times the mile of lino of PrusslasHesse and in proportion to population much more than twice as- many. Freight traffic density of Group 11 is over twice as great while the freight revenues per mile are only about one-sixth' greater: Group 11 carries an average fretght train load over twice as great as that of Prussia-Hesse. Pas senger traffic . density Is about two fifths that of Prussia-Hesse, while the passenger revenues per mile of 11ns are about six-sevenths. " 'Tor goodness sake give us a rest for t. time. This idea," said William Liv ingston, of Detroit president of the Am erican Bankers' association, "Is the up permost thought In the business world today." Mr. Livingston, who is pres. ldent of the Lake Carriers' association Is here. "If this were not a presidential year I should look for 1912 to be one of the most prosperous business years we ever had," continued Mr. Livingston, "but wit$! the uncertainty attending the political -situation, with tie probability thart there wilt be a change in the leg islative branch, of the government and perhaps also In the executive end; the large bustffA&.lnterests are in the air. They do not know which way to turn. "But I See a splendid outlook for the future. When the political clouds have cleared and the country is back again for a period of rest, I look for an era of -ferosTierlfy hr this country unparal leled in the history ef the nation. There never was a time when the conditions were so propitious. States that a few years ago were borrowing mpney are now in a iSHltldn to lend money; farm ers who were plastered wlth-mortgages now have balances in bank. The finan cial institutions all over the country are well supplied with money, but be cause of the uncertainty regarding the political situation capital, naturally timid, Is hesitating, and this of course, has an influence in all lines of business endeavor. What the bankers want and what business wants Is a vacation fruro the continual agitation that has been upsetting things for the last several years." ' VV Recently en observing Wall street man kept a tall? of the number f times he was asked, "What do you know?" and avers that the question was asked him 214 times Jn the course of a day. . To the uninitiated this would seem a com. pllmentbut In Wall street It is a bore and a delusion. In most cases the per sdtv asking the question does not wait fnp a renlv and pertfllnlV SOPS fiOt lis ten. Some wags have a. stereptyed. and, what they think-to De a numor ous reply, hut most people say, "nothing new," and then commence giving their latest tips, information and opinions, In Wall street it is the ueust form; of greeting, and Is of about a mucn Im portance as "good mornins," or "good night." : - ;.: , ' , ; "One of the most unsatisfactory signs in the west,'' suld a bank officer the other day "18 contained In a letter from one - of our . western . correspondents. Farmers, he says, are pursuing an al most uniform policy of marketing their cattte, which is a pity, as they can got 69 cents for their corn at the present time, and if they fed it to their cattle It would net, about 30 cents. "How can you look so smug and cheerful?" one broker disagreeably askfd pnother. "Huh!" said the other. "1 ve leen bearing the whole loss long enough. Yesterday I served notice on my man ager' and three customers' men that tuey could become partners in the busi ness, at a certain percentage each, or I'd, quit. They came in, and now they with m the lops of ennduct- 'J nat sounas gooa, - course you tiou. tn allow them a drawing account. to live on." "Yes, but they" will owe it to the business end will have to pay it hack out of their share of the profits if ever we make profits again." Charters taken out In the eastern states during the psst month, Including the filing of certificates of increase 1ft 4-apltal,. represented $310,520,000, the largest total for any previous .month Blnce January last year, when the total reached $356,419,000. In December the Incorporations reached 4159.450,000. -The grand total of all companies Incorporat ed last month with a capital of $100,000 or over Including other states than those of the east was $330,879,000, against $237,809,000 in December and $460,440, 750 In January, 1911. , . MOHAIR MARKET IS SLOW Trade Is Nominal " for. Old Hair at 30c a Pound In Portland. - There is-a slow tone In the mohair trade.. The price here stands nominally atK)o a. poJw&foti olahtc- 3,'he swa4 son lor new nair-wui open in a utiiiieq way wlllilu a- f ew. wk- The -dullness Is attributed to the shutting down of the leading mtlls tn the east, A settlement of the strike Is expected to improve ths situation. , '-PORTLAN&LlVESTOeK RUI Week w Hogs Sattle Calves Sheep Feb. 17 ...v.. ..2165 1208 r " 13 5213 Feb. 10.. ...... .1S41 " 878 1 2972 Feb. 8 ......... S91 1461 . 122 2S39 : Jan. 27 ........1835, 2481. 37 . 2728 , Feb. SO ........3680 2186 22 8412 Bv llvman H. Cohen. . "With a liberal Increase In the tnove- a much improved demand at . Nbrtli est showing of strength was -In cattle wnere an aavance oi oo "tuicn for tho werk. Sales werejqads at the close at $6.35. -Run of cattle for the week was 2165 i , ..mMnHA -,1th 1111 loot t7 u r unit 8680 for this same week a montn ago. Most of the advance in the cattle market this week cams as a result of tne excellent cono.ii.iun oj. uucihib". Feeders have been sending forth their best cattle recently and this has fored killers to recognize the difference and pay a .premium over former offer-N ingw . North Portland cattle prices: Select steers ?X Choice steers ... 6.006.1Q Common steers 4.76(Jji.0O Feeder steers . -7o Speyed heifers ... Ordinary heifers ............ Fancy cows ' "Jjl Ordinary cows !.. --'J-S? Poor cows jgows , Fancy light calves '-"S.OO Medium light calves ,,.., . 7-v0W7 ' Fancy bulls fjO Medium bulls ....... ....rv-. Ordinary bulls 4 00 Stags ...... ' .C Sheep Trad Xs IClarher. f -For the first time in many f weeks there- has been a really good denian l for lambs. While old sheep have been in a good position for some time at North Porlland. there h. up tottm past week, been ft very stagnant tone for lambs. The surplus that was for merly .marketed has now been worked off and therefore killers have reenter d the trade. For their wants they have been forced to pay an advance oi aooui 10 per cent over previous prices.; Sheep run at North Portland during the week totaled 6218 head coin patvd with 2972 last week and 8418 for thy same week a month ago. Sheep market at North Portland: -. . . Select lambs . ..r. ......... $ rA i Choice lambs ..,.T,,. 6"5i n! Common lafns ' i fi v. '.' v. ' Yearling wethers .......... -7,'5 Old wethers ..........,.. Jft-?" Fancy wes ...i,,, -J2?r!-i Ordinary .i, ; . . . . . 8.50to3.7 Hogs Kold at 838.76. - Ths market for hogs was firm during the past week's trading in the local yards and $6.76 continues as the top for . offerings, - The beet demand continues ,, for light block stock.; This is Jue l the" fact that, the trade Of the Pacific coast demands a lighter grade of pro visions than, does the Test of the ooun try and for that reason packers pay more money for this class of stock. Run for the week was heavier Jlan last week, a total of 2165 head being received compared with 1841 last ween and 8680 a month ago.. " . Nominal North Portland swine pric: Fancy mixed - 'i- Good heavy fc .-.S'S. Good light v 6.85fl 75 Medium light j1' Rough and heavy ......v... Poor and heavy . . . .. ........ 5.506 00 Monday's livestock Bales.1 STEERS. " ' Average lbs. Prlc.e. , 23 steers ............. .13;j6 $6.00 28 steers 982 . , 5.U5 66 steers 1004 6.9a , 87 steers 1130 6.80 :T steers 1112 6.80 19 steers 1118 5.73 4 steers 1232 6 75 'a i ........ . 1 n'WI " I El Xii 0 LCCI s . s vww i.if 86 steersc. 1045 v. , 6.05 10 steers ....1107 6.0 8 steers .......... ,...1018 5.00 8 steers , 1046 4.75 1 steer 950 4.50 3 steers 7$ 4.00 1 - HEIFERS. - 28 Montana ...... .1017 $5.5. 25 Montana .,,...,.....1042 , 5.50 28 Montana 1076 6.5.1 27 Montana 1013 . 6.50 26 Montana ............1070 n.50 26 Montana ......1050 5.50 26 Montana ........... .1097 ' 6.50 8 Montana ..1116 , 6.50 BULLS. 1 bull" .'.1390 $3.56 . CALVES. ... .. i calves , 840 ,'$8.00 nooar 87 hogs ... 215- $6.76 112 hogs .(uttit! 16N - 8 75 75 hogs 158 . . $.75 20 hogs', , ..... ......... 273', - v 8.35 ... -. 4 hogs 312 w 6.25 LAMBS. 270 lambs 70 $5.00 30 lambs-.. ;7i.".;; 70 4.60 ' ' ' " : : S4IEEP. 201 ewes ...... T..,. 96 $4 25 169 ewes t 96 4 5 177 ewes 101 4.10 -Sheared pries on " lambs "la iclees and old slwep 76o less than wool stock. .Tuesday's livestock Sales. . ' ST1CERS. - " Average Lhs. Price. 80 steers . . ...,,,.,.....1125 : $6 1 ft 43 steers ...,,..,...,.,1171 . ' 6.C5 20 steers ..... ......... ,1210 , 6.25 22 steers ...x...il258 - 25 22 steers 1212 - 6.25 . 4 steers 1260 . 6.75 8 steers t 1158 5.73 COWS. I cow.-.! wl28Q, $5.25- LAMBS ' '.- -100 lambs i . 68 1 $5 75 381 lambs '11'.'. 5,7. JM8 lambs 73 6 75 100 lambs 65 . - 5,50 Wednesday's livestock Sales. STEEHa. . . Are. lbs. Price - 1 steer 960 ' $B,on ' 19 steers ........... , ,1020 - 5 ?y " 8 steers 970 , " 5 75 vl steer fiOO 6 4o 5 tteers ...1013 ' 5.00 ' cows. 2 cows .............. v. 1100 " $5.40 HOGS. , . 26 hogs ............... 184 $8.25 29 hogs 176 r 28 hons 184 6.75 "Thursday's livestock Salss. STEER J, - Av. Lbs. P i e 25 steers ......,.,,.. .,.1222 . $ij '5 10 steers ........... ... .1019 .fi.on - 6 steers ........,..,.. 1043 6.00. 7 steers .1050 .. .a.fto 6 steers -,.,1.;...,., 962 - 8 00 i nu-m; I l il) . 6.6U (Continued on Following Page.)- J.C.WILS0N& 02 MKMB2S8 ' ' .' " NEW TOHK STOCK ESCHAKOXI. ; ' MEW YOBK COTTOJT EXGHATTQB. CHICACJO BOAF.D OP TKADE. THE STOCK ASD BOND" EXCHANGE, BAH FRANCISCO. Mnljr Office- Mills mez., San TTttnolfenbT" Branch -Of floes Vancouver, esattle," ' rortlsfifl, ,l,os Angeles, Eaa Blego " Coronado TBiach. - iiGTiAN orncij "" - Boom 5 Inmberrne-as Eauk tlnlldln. Phones MarthaU 41S0, A-415. .