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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Jan. 7, 1913)
L.li' 'l' Out 111 II ICIESEPiEieE ark it Shows a Severe Ilreak After Trade Had Really Ilcgun to Itrl. 1'i ove; : Cut Will Cost Producers Uijj Sum of Money. , roKTUuro 1 produce trass. EPX market firmer. Chickens lower. Turkeys down again. Sugar SOo lower. - Salt prioe higher. , ' - Cheese down a cent. ' -' ' Country butter weak.! f Canned salmon firmer. Cold fwt of head interests of the Tll mook Cheese association . was alone fcponslble- for a drop of lea pound i the price of v lieece in the local mar--t during the last 24 hour. '.- The recent, aelling of some October 1CP88 by Cooa Bay Interests .'in thia larket la believed to be what .caused ie sharp decline in general cheeae val s here a. urice movement .that will i-t Tillamook producers f -close .'-to i,vjoo. '-.v., ..,' Tfie sharp decline" In the. price of iieese here Was . msdie in. the face' of ie fact that the market had recently 'cun to show an improved tone here u well as in the east, and likewise t'ter Carl Haberlack, Secretary at the flllamook association, had wired 'local cpple that the market was firm, i' - Cutting of prices here Is expected to ve an opposite effect- upon the de jiand than what -the Tillamook inter. Hts ,had intended The market is al lays better when prices are firm or Ivanclng than when : they are weak nd lower.' Buyers generally keen away om a declining market as' long as MHHlble because they - always , expect ;UU lower values.- i - - . . . m ' f--s:--- 1 i SUGAR DOWN 20 CEXTS -t Thnrn' whs a. droti of 20a ner hundred unls In the . price of alt grades of i flnecl sugar today. A year ago yes trday there was a similar drop which idW:ats that refiners are watching th jlwidar. ' However, the bigger; crop of ugar is a big factor. EGQ 3IARKET HOLDS F1KM . : There was a firm feeling In the egg i-aile for the day. ' Quotations ranged mm itn ta lie. doxfn for ctelect can- : led Oregon ranch., with most of the business at ase. ueceipts are Jair, U'TTEIV BUSINESS IS HOLDING For ttty creamery make, there Is no .'liana- in the nrice for the day. but re- (fivers of country make, even the bet t brands, continue to quote lower rices 'Cubes am -being offered at a .harp discount under prints, one leading landler offering - first-class ; stock at I Oc, while prints were quoted at, 84c. . MERCHANT VISITS SEATIU5 Charles Lew. of Lew & Sole!, com ilsslon mercliants, has returned- from" week a visit to Seattle. Me reports hat business there during' the reason as been goon. mere is plenty oi siuix n the street mere, ne says. 'MELT .PRICES ARE REDUCED fries -of Columbia river smelts has train een rediiced ; and?, u now quoted m-railv at 8o a nound. although a few ra- aeiit below hls. - There is bet- Vr ruhJrorn tha, middle -Columbia. All ne stouK; is, Dwng;;snjppea, -rj gutnav An sdvane of '!5c ner ton was quoted his morning in fcalf-ground salt. It is laimed by manuiactuiws tnst tne pric t thl erade has been so- low that all vers losing money. No changes In fine alt, , ?, .-v'. . - - FORECAST l-OR SHIPPERS Weather bureau sends the following totloe 4o shipper: . . r - Protect shipments ns'far north as sc. ttle against, minimum temperatures of bout 40 desrees. northeast to Spokane 2 degrees, southeast to Boise 16 de w. south to rlisklvou SO. degrees. Minimum temrerature at Portland to light, about ,4,0. degrees.. PORTLAND JOBBIXQ PRICES nM orice are these at which jrbolewlen U to retaiuis, except e otherwise eutedi - - gitnr, art" rmutr?,, , BUTTEtt NoBjInul, eitra erwmery." enbee 4 tubs. 8THc; piuW. BTMi038cj dulry, lc. EGGS Mmjlnai. vjhihhh tiirai pjirn, nSJ MT ordinary eanilled, 32i';' spot bujiui -off, 2S30rf.ie. b. Portland; bet i nig priw. etrrn, .JSC, ilrVB iV.t0i;LTBY 4" ilwii. lit: "swIum.' 4ct aeeee, IBc; fekln duck, 14c; ludlu Kim. jrs,. 13j' turk.ve, lte; UreMd, a2c( plf. ll, Dia, fll fuu"S. fi.iw uvirn. OAM B Jck rebblts, ll.TB per doseui wild iind delivery. pr Is.,; 8e. . v CHBKSB Nomlntl: frets Onwn fiaev, foil Mtnm twins 'end rrtplpt. JTai8c: daisies. I .yrotts sad Vtsetables. - I I rRKHH. iklilTS New ia.OOf hananwi' 4AIe lb.: leiaona, S.7fti AW limes. tl -pr luo; grapefruit, f3.(k(a4.Bo; LlueapvleSf 6 b.f peara, l.ovjl.oO box; grapoi , if jtt is. i V.T.-Y iskeUL oci e.wti.4i eraubwrtH, ka.M ner bbl.: eastern. sio mjMn iJ7. Umian date. rJHttM iM. ' -, ; .. k-oXAiOtCi fcWnug prlcss aUtnt eoow. (JSffl a. . ehatca.' SI "CI ordinary. OOa nee buying prlre, cartod, ,3&j&uc country nolnUl hwecla, wntai. . , OMOo - .wf.w.-, ssaoeiatiea selling prlee 76c pwr cental, f. e. b, iiilpplug pwiuuj l"'vwuini18'Llt8-Now tnrnlps, S0Q75ei new k. si.ta): carrot. ftidiiVua Dr tossbar box, l.WtU5; string beau, sawc; I l,w LiU. iMIIJrilu.. . Jitan ou" '1 , vvvr, pall, Del lb.s bead lettuce. W.UO par erate; wit erv, 75(SW Jen; egg plasfa, BjjlOo lb.; peas, loc Ib.t'ceullflowar, a.S6 crate; rku Dtrb, 1-S' M. ' - "' -'':,-, .' attsts, fish aad rrolifons.' . tKESSIl MBAia country kilted: Hxgt. fauey. ' 10'4l ordlnsrrr -lis-i '.-roagli nd iavci poor, fW, lnbs,. lutoioiicLOiuUou. r -aata.' U4c; beef. 74,10c. - UAtaaV JAtoN, Bi:u---Haiu 18019! Tiraak. nt baeua, lViiiittci boiled . haw, itl; . pie. ... enlthif,. the. If OsVv wet jAtuN, allU MV4i2tlci fasAia-l,tou.,,r8,,?ff' Wa 1 V ejicowe, Nov 1 stock, UHo(. ewes, iua wotuert, UttUMiCt lambs (-.7? Jjjj , l.tfs: lJl LD BI7. iOI.. lSXitai-e8bolwatsr bey, Pr galios' W lb. ack t Olympis, pet gsih, jZi Vt 109 lb. sack, $9; udsU. i.t.r. Ajy, aui XO ikawnj t' In 1 bll, A,63 a isr iw; nut clam, 22.23 bog. tT i;i.sll Aeiulual Rock ' cod, lue lb.; dressed flouuderVic;BhUbut, ', 'trlped u. iuc; viatt. 12c; aaliuon. Wl2He; soles, 7! Tt .brlmpa, "Vic; p.rch, se U. touieod. c lb.j towter. Kue lb.; herrings t)j WlS basa. HOC! sturgeon, 12ic; Uvf imelt, 7c, blsik cod, 7cj eastern oyster uu tuot, Lia i a. 3 pr glloa. UB1 'nerce. lao; compound, .tierces, lot "' '' ''" ' " " ' "- r Bops, Wool" snd Bides,'- "----.T--. v--WOOL VVillsuietta Tllay, wane, Cotswold, luuiM lb. i medium eUropbire aloi cbolee tancy loU, 22c er 10.1 eastern ocugou. UttHoc,, SiCoroing 10 funuMss, v HOPS Produeer' prlce--19U, 1820e, e eordtng to quality! 19JH contract, llioitjo- lb, CHUT1M OU CASCARA BAHU 1918 som InaCcar tot Bttcj lea ear lots, Se Ib.t 1913 brk, car lota, 8c! leas earlote 5le lb. . ; HlDti&Drj bid, iilb;22e; green, 12c; fait. ad hide. laCi nuua, green aait, uc; sips, XBin liy,, ralTM. dry.' 24 ii 25c : calf sklna. saltel er'green. Ui9ct grma hides. ldHe Ism than- saltedt abeep pelts,, salted, 6ci$1.10; ry. 13 lb. r;.K.:'- . . ; tlrneel I RICB Japas styto, Mo. 1. tHQSVet No. i.' ICR Japa style, as 1, 6HJB1tei Ne,,t,1 V.c SUOARCube, $.5; powdered, , $f.so fruit or berry, 'IS.tMV; beat, $S.i; dry, granulated, .V65; U yellow, $4.W. (A bora quotation are 10 day net caab.) . BiiA'3 tiiuail wlilte,. SVsCi lrg white, fee; i V- - . i ::hfo;;isi;i front street ii Turkeys Aro Down to 2a Cents for JJest Dressed Stock and Then the i Movement Is Almost Too Small tctXote; aUcken rrices Offr": There seems to be no limit to tha weakntss in the poultry trade at this tlme, Tho market- for turkeys Is feel ing the effects of the stagnation worae than other lines, but all products aro weaker and lower with indications of still further cuts, . - Turkeys of best quality are being Suoted down to 22c a pound in the ressed poultry trade aleng the street today, but even at this, figure buyers, ar very slow in taking hold; in fact there Is practically no movement to speak of at the moment- Some of the big receivers still have turkeys on hand wmcn iney received prior 10 Mew rear s, therefore the losses ' on these will be very severe. Chtkens. are quoted down a full cent a pound and buyers are not anxlouM bidders... There are not . many coop a coming forward at the moment, but more than enough is offered to tak care of every want of the trade."" '' There is a report that some of the big meat houses have several carloads of dressed chickens which they had pur chased In the east for the holidays, but were unable to unload. This cannot be confirmed. . , i , v CHICAGO LOST FIRST RISE Wlleat Market Closes With Lost; Afte an Early Advance Today. ; " Chlciuro. - Jan. .7. There was a - clotlns loss of H lu 4c. a pualirl lirHie Kbeit siarket fixlNT, after - n opening that wis Mi to 14c Setter tlmn yoaterday. : At the (lunnhis there wii anme inU nHmnt of hrt oiTi-rliiff, but with snow Teimrted In tne winter wheat belt, the trsiki U'gnu to gd to tha other aide, - Hngi of rbicaKO prices fumlnhed. by Over. bek Cooke t'o l!ia-21f Board ef Trade UUllUMIgt " Month. Mhv i I , WUEAt ' Opi'S. lllfth. Jaw. - t'lmie. . ia4 - B2 pi m4- , Nil -)i fiM, Wv, CORN , 40 . ' M14 "'411 '49B , , b iv 51 1 AO mi , 61 ; 81'4 01H , 1 OATS , 31 t4 ' .ti ! flSHB ,.' , ' ' ...' ' 8B . 3.1 :ci 3UVA July ... SeH. .... May July ttept. Mav July Hept. roiiK 17NS Mi l.AHU PN 2 7T UMIM S75 1172 Jan. Way ...... ..17KS 1T8S 1WJO ' 042 71 i7U - mm . UU5 17 B 1MUT Jhii. Way July. Jaa. May 9flo ...... u2 ... U7T ...... to ...... m (145 VW 72 Wli WIT orthwf:st hank statement rWttJUXfl BAXRS ('learlns Thla we?k. Year aso. .(1, 9115.031. 66 91.6112,222.211 .......... a,WV71ii.8l -1.89U,1UU.US fTueeday . Monday . Week to date.. .94.420,742.24 93,492,422.21 Tsoema Bank. llearlnsa . . Bajautta . . ...9 1W.247.(H1 , , . I IIP I I I , ,IM f CHICAGO SHEEP, STRONG .t -.'in ui in .1. i -i . -'; L.f Market Better for Day; other .IJuea a-', , Ar Unchanged, ;.';-,, V'hlcaso. Jan. T.iIlMtk32.oo: year ''uto S8 Wltl: left ott'r 64H. Market SMe hlnller. MUed and UntcbiM-a, .s7.2niJ8T?4i' goes, anj ltiavy,, T.45-.67',; r.Higli aud Wvy, 97,a&ti7.4o light. 97.l6j7,4fl. . r, -I'attle SWatj market utetdy.' - ; ' J'licep So.oiW; uiara lteung. ,f'.. . ssss ssMtasssssaaaswspssasi ' " KANSAS CIT1T I AVESTOCK t Cattle Are Weak and Sheep Strong in Yards Today; '"-Kansas' City, Jan. 7.-HogltJ,H)0; market Steady", tops. 7.5. '-attle ll.iMaj; market weak. .'-', .,'Bkeen 7,000; 'market stroiig. OMAHA SHEEP ADVANCED Sales Are Made at Itise of 10 to 15 Cents; OtherXlnes.Off, , South 'Omaha, Jan. 7.Cattlo ikk; market steady ,j 'slow to lower.'' 'Hteerg,'. iT.Su&p.W; wi and helfrs, 5.40t9,75, lloga ltaw; . market auady to !ic lower, at 17.0047.33. heep Irt.Boo: market strong to lOftlS? high er, Vearllnga, rt.0iiS(T.15; wether, ft.7Stt5.2o: lambs, ttt.O0H.6t); awes. t4'.6tlj4.7a. Money and Exchange. London. Jan. 7. Consols. 7S9id: silver. 2d; bank rata, 6 per cent. New Torkv?dan J.Stetllng excliange, long, $4.83;-alitor," Si.87; sliver bullion, 684. , j . San Francisco, Jan. 7. Sterling ex change, 60 days, 4,"81; eight, $4.87; Doc, I4.81H; transfers,, telegraphic, t per cent premium; sight, 3 per cent pre. inium. New York Cotton Market t , ? Open. High.: Low.- Close. ,.129 1298 127S 128789 1.1248 1248 1248 1248 49 .12My 1269 1248 1258W64 ,ico i,i!it i,u ,ne.l-..f i January February March . May ... . iuo jdu icii uaouet July ntrrrr, 1262 1 2681J39 J.12494i;50 1843 1229 1JS738 1183 at78 1183084 1177 1166 1172ig73 Aumist . ... .1239 September ,.1183 October ....1171 ' Ciamerjr Plaat Quits. ' Veriioiila.' Ort, Ian.-7.Thl will be the last week the Mlat creamery, better kuowu a the Nehalcm Valley .Creamery association, will op erate their' creamery. . . - Although ' the creamery received s consid erable amount ef cream, they give a s reason for eliprtng that- Ibey ooold not manufacture butter and kell at prices other vroamertea are selling : at snd by that conld : not diapoae of their .flatter.- Tha plaat has. been leased. K tha Clatakanie creamery and will probably be moved to that place, ooo. s 1 It la rumored that Fred Mann, buttennaker for the Wit creamery, will also be employed by' the ClaUikanla creamery. Ail the cream that formerly went to Mlat creamery will now be taken to the Clatakanie creamery. . t-''-?0BiwelI Creamery Hold. -. Creawell, Or., 4an. 7. H. 1 Hnrenann, man. apter ot ue of the leading cooperative cream erlet . at Belllngbam, . Wash., - baa Juat . pur I'haaed; the Creawell creamery and will taks charge before the end of tba mouth, Mr. 8or enann 1 first vice prealdent of the Washington Creamerymen's nsaorlatlou. lit; ha made ev er 1 trips to tbe upiier M'UIamette valley before deciding to locate here. , (.''-'-:;V-' K' - ,' '. '" " T '' - Ban Francisco Grain Calls. ' San1 Frani'lnci, Jan. 7 Oral n calls: - BAHI.EY ' 1 Open. High. tow. Close. May-.-.rr.isoM, mk 134 " i4 Dec 1H4M.A 1.141 A pink, Be; byoo, me; limas, te; reds. Be, ' SALT Coars, half ground, 100. $10 per ton; 60S S10.7fii table dairy, KM. $18; loue, $17.50; baiea. $125; extra line barrel. 2, ta aud 10. $5.k5M0O; lunia rock $20.60 per ton. . UONlit New, $2.76 per ease. ---v:,:(,.- V-i,-.-v:. '-v:, rslnts, Coal - Oil. lta.".?' s:v;.;: '. WHITS LklAU Ton lots, Se per lb. t 600 lb. lot, se per lb.; less lots, 8 fte per lb. . UNBEKU OIL Raw bbla.- oe full kettle boiled, bbls. 62 aaU; raw esse, tse;' boiled, eate. 67e gal.i iou ot 860 , gallons it less; oil ee weal, $44 per tra, v ,. ; ); - TUBFaWiia la eaaes, 7se wood IMirrsls. foe. Iron barral. . 6 per galloa 10 case' oil stBaAexwiosa mis. sioi tees -usa Hrlo lots. 140 Per too. v.; .j -.. . , .Journal V.'&nt Ads bring results,';' i L i . ... . STCl.iS Mi Afvi: KQ.7 CLbMilG UP RAFtDLY Offerings pt CJieap tirades Are Much Less Than Expected and Lenten Call Is Showing Real Condition of the Trade; Small Supply of Red Fish Is Still Available. The demand for canned salmon is gaining strength. ' The approaching Lenten season Is causing a renewal of In. quiries from the east as well as from home interests. The demand for pinks and chums Is especially of good order and both of these products are quoted firm at the opening price, with some asking a frac tlon more.- 1 ' stocks of the cheaper grsdes of canned salmon are much shorter along the coast than the trade, had anticipated and. as Purchases' Are Actually Shown at 80 Cents Per Bushel for No. 1 Mill ing. Club Is 'irra at 80 Cents; Barley Prices Are Shaded Again, LOCAX, CEmSAZi 8TTTATZOV. Wheat Bluestem an another cent! ciuo firm. . . Oats Trad ; anlet with Interests apart. Barley Ho. 1 feed down to taiJiO to. day. " . . Tlour All" sorts priees talked aTwnt BUUstMfs Market down again. - WHEAT TA KOftEH VIRM Inilon, Jan. T.Wheet . en paaaage, firm, who a (uwi uviuana. . - -- yORKIOS WHBAT M AHKETS . Liverpool Wheat closed H a a higher, . Kerllu Wheat rlosed tmchauKed. hiulHpest Wheat closed H higher. Kuenoe Ayres Wheat elnd nucha Hired. , farl Wheat closed H to le bigher. Antwerp Wbeat cloewl unchanged. ... PORTLAND GRAIN RECEIPTS , -4:ars- Wheat. Barley, s loar. Oats. Hay. Monday ....., 139 , 21 n T Tuesday ........ , S4 ."1 t 7 4 Year ago ....... S : 4 .. t Seaon to date. . ll.SSS 1R4H 118 1017 I1HT Year ego 8,870,, iffS 14U7 987 18fl Bluestein wi?et U&ctarrying an extra premium of a cent 4k bushel in some In stances. While the general price for the day is 85c a buslief$ . tidewater, track basis, as high as 86a has actually been paid during the last 24 hours by those that actually needed No, 1 stock. For club whoat the market. Is stationary, With bids firm at 80a. There is a weaker situation in the barley trade and quotations are 50o a ton lower in some instances. Bids to day range from $21.60 to $32 a ton for No. i feed. s There is a quiet bat firm tone in the oats market. Only a small amount of business is passing because growers are holding generally for 828 a -ton, while bidders are not offering above $26.60 as a rule. : -: The flour market ts stationary. There is much talk ot higher prices, but little change ia actually shown. Home of the Interior millers, who have been cutting most recently, are now clamoring for the city mills to.- advance their quota tions so um.t tne outsiuers can sett un dor them. ' ' - " Market for millstuffs is weaker with prices generaUy being quoted $1 a ton lower, '"'. ;. ' . . ". - WHEAT Producers' prices, track basis; Club, 80c; bluestem, 8f86c; red Russian, 78c; fortyfold, 82c; Turkey red 82c; Willamette valley, 80c. BARLEY Producers' prices, track basis': Feed.. $21.50ti22; brewing, $26; M11,4 til KS . OATS Producers prices, track basis: No. 1 milling, $26.60; white, $36.60 per ton. FLOUR Selling price: Patent, $4.80; Willamette valley, $4.30 local straight. $3.T03.90; export. $3.603.60i bakers', $3.70 3.90. ' HAY Producers' prices: Willamette valley timothy, fancy. $16; ordinary. 314.60: eastern Oregon-Idaho fancy tim othy, $16.60: alfalfa, $ll.6012; vetch and oats, u; meat, o.oo. . MILLSTUFFS Selling price: Bran, $21.60; middlings, $2930;: shorts. $23.50 ton, " San Francisco Produce Market. ' (I'nlled Press Leased-Wire.) ' 8n Pranclaco, Jan. I. Egg Kitraa. 34cj first,' S!7 He; selected pnlleta, 28c. ,'," Butter Kitrai,-83e; first, 81c. t'heese New California flat fancy, J4lie; first. i.Sc: aecosda. , 12(4c: California Young America, fancy, 18e; do -tirata, 14", Oregon fanev, 174c: do Young America. INe. ' Potatoes Per cental, Hlver Burlmnk, SO k': Sallna. Or' $1.50; Oregon Burbauks, SOc; wet, 90j$1.26. ; ' HilmiI'r cental, California allTeraklns, 23 fc( 05c; Australian brown, KilUSoe. . :? Seattle Produce Market. . . (United Press Leased "Wire.) Seattle. Waata., Jan. 7. Kgga Iah1 raneh, 3.V-: April etorage; a64t28cf hot weather eastern storage, tidf 24c. i .;. Butler Washington creamery, tints, 37 Q, 38c; eastern. 32c. . , - - , -- - , l'lieee Tlllsmnok, 19c. , v tukm California. tt()c4j 1 00 per ack. I'otatoe Loral, $12; Yakima, llStjlf President F. O. Kns pp and the trus tees of the Portland Chamber of Com merce are holding the last meeting of the " ysar today. Friday evening the chamber will hold Its annual banquet and election of officers, the nominating committee selecting the ticket to . be acted on at the meeting. The names of the nominees in accordance with a long established rule, will not .be an. nounred tin Friday; evening. The elec tion therefore la merely" a formality .Xf The banouet win be held in the main dining room of the Portland Commercial club and the usual program will dv fol lowed, reading of reports of the offi cials and committees -and a few speeches. The speakers have not yet been announced. '-- , Secretary K. C, Giltner and Assistant Secretary M. Mosessdhn gave' their usual luncheon today : to the - retiring board of trustees at the Commercial club after the close of the meeting. THREE NEW COMPANIES 1HAVE $175,000 CAPITAL Articles of Incorporation of the fo) lowing firms were filed this morning with County Clerk Coffeyj Pacific Fix ture V Cabinet companv, $100,000 capi tal; H.'W, Grumwaldt. E, A. Relchel and William .OKker, incorporatora. Burial Improvement association. $50,000 capl- tali J.-A Staats, J". O.; Lehman and L, t), Mahone," incorporators ; Paoif lo; Land ft Power company, $25,000 capital; N, Bangs. jGPHuphrtvand F, JH. P Acosta, Incorporators. ' Laurltxen Land company, $5000 capital; C O. Laurltxen, r. J. Rice and f . L. Deerlng lncoroo' rators. . . - .... .. BLUESTEM WHEAT HAS . ANOTHER PREMIUM IN NORTHWEST MARKETS I ., J i i i i oon as eastern buyers realized this they began to ply the trade with orders. There is more red salmon available than anticipated, although - stocks are not heavy. Had this been known some time ago there is no doubt but that everything would have beon cloannrt no. Leading Columbia river earners have practically cleaned up their total out Put of otnks and rhums anil mli-icea rv cetved today by wire from some of tha noruiem interests indicates a, like con ditlon. StocklVnder Severe Pressure While Rest of New York Market , , . Is Higher Today. J. New Tork, Jan. 7. American Beet knsar Sharn were again nmiw heavy ta-eiwire with a eUtaliig 314 lH)lnt kiwe than yeaterday. 1,1 quldatlon of sever charsctvc saotwl in this, i aeeurltjr and a there wa no wipport from Insiders, (trlreg were eaall.r dlaplaeed. ' ' 8tfk market In general was firmer snd harply higher, following the deelli of yea. terday, Copiera were the uot attraetlre wtb an adrance ot t in Amalgamated, m In Anaerican Smelter aud a similar (mount In U, B. Steel simon. With a few ejeeptkina the stock market trade for the day waa entirely profeaalonal. Bange ef New Vork i)rkea furaUhed liy Over beek A rooks Co., 2m-2i7 Board of Trade bldg. OESCKIHTIoN i l).ni Utah' u 1 Bid" Amalganmted Copper Co, American C. K c.,.. American Can, c........ Amcrtcan : Wo., .,.,. A ierl'a n Sugar, e. , , , . Tsl 7SV 79, S4V 30V6 4:nl MM 42'A lis us." 7.1 1 40 a uieriean ;vmm, t.r..i Aiiaeondai Mining Co.,, American JWouleu, e..., Atchison, e.i, , Haltlinors Ohio, e... Beet. Sugar 72 39, 40H 3U')4 list 105V Brooklyn Jlapld Transit! V4 1U so HI 01 V, IN lauaiuau racmc. c... Central Leather, e C, M. 8'. p 0. k X. w., .,.-.v... 2U2 24V4 2C2M- .z5 2Vi 113 137 114 113 ' 1ST I 79 8ii n" ISST l.'tS'A ChaM?ake . Ohio.,.', 79 1914 'iiii 79 33 V. iniorauo r. at I., .. Colorado Houtbvrn, v., l)ener A K. G., c-. Krle. e. t.cncral Electric . , ... IlllnolH Ventral Int. Harrester-'. Int. Met., c......... 33 Mi 82,4 IS.1 120 V 81 1 iioii i INS! iii" im4 iii" III in... is 14 ut-iniiu vajirv ......... Kanaa City Southern... Louisville Xashrllle.. M., K. 4b T., c. ....... Missouri Pacifle , , National Lead Nerada Consolidated ., Now ' York Central N. Y., O. 4 W Norfolk & Western, .. fiorthern Pacific, e... P. M. 8. . C Pennsylvania By. ... . P. .. L. It C, Co...,. P. Steel Car, c... '.... Reading, o. Republic I. H., r.. . St. L. ft H. W., c, Southern Pacific, c..., Southern Railway, c..., Teiaa ft Pacific..;.... T.. St. I,, ft W c Union' Pacific, ?.,-,.,, I'nlon Pacific, p...,,,,, U. 8. Rubber, ......; I . S. Steel Ct., e...... 1'. 8. Hteel Co., pf.,.. l'th Copper., .. ., Virginia Chemical Wabaah, e. . .. . W". ir; - Talegraph.,.. ,. Weatlnglnue Eleetrlc.. Wlwoiisln Central ItMI'S If HI 28 '28 'ioii 28 141 2H 1 B5V4 1 'i?i io!4 113 in" 122 123 1H7 iii .si v; ii.i 121 121 12314 sii 113 iee 16H14 lHii 2.'i4 32 H ltm . I 3 23 33- air 32 lta 37H 21 21 22 31 " isi54 ini ll'4 01 5, BHVi S7 W-4 110 1WK DH 43 74 42 3 74 if Bo Total sale 220,509 share. Frank Peer Beal of Tien Tsin Says City Has Best : Opportunity. Portland Is losing a great opportu nity in delaying the inauguration of a system of ocean traffic with China, In the opinion of Framj Peer Beal of Tiert Tsin,' China, who Is In Portland today to fulfill a lecture engagement. Mr. Beal wss in China durlng the recent revolution, and followed the war .Jine with note pad and camera that ne might get first-hand Impres sions of actual condition and circum stances. "Though It will be a long time be fore the new republic of China is well established," said Mr. Beal, "a perma nent change for the better is coming. This change Is going to mean, . and aoes mean now, great uuainess enter prises and finances iiLChlna. . Port land should have a lion's share of this business. There is a .big field for lumber -there, and there Is no reason apparent to me why Portland should not send boats direct to Shanghai and Tien Tsin, and leave there , materials and produce In exchange for iron and coal and goods for which there Is a demand in Portland and tbe North west. .- j-''::v-s:. , -- "Japan, between Portland and China, is now supplying China with great tonnages of manufactured- goods, but American goods would , be mora , ac ceptable, and they could be sent .oyer with satisfactory despatch with a dl rect line of steamers. - "Chinese interests plan to build 70. 000 miles . of railroads in their coun try In the next few years. This will open a vast new territot. and make additional markets and supply points for American goods. Mr. Beal says that the Chinese have not' been ao progressive In the matter of cutting off their queues as has been reported In America, and that Ameri can .notions' of the freedom of Chinese women aro also exaggerated. Mr, Beat, who has toeen a professor at the Imperial university of Tien Tsin. swill lecture at $ oclock tonight at the-First Methodist church, .Third and Taylor streets. ;t His subject will be "China In Revolutlon,'..- Lane to Leave for Seattle Tomorrow. . Dr, Harry. Lane, United States sen ator-elect, will leave for Seattle tomor row to fraternise with the medicos of the Washington State Medical Society, lie will attend the banquet of the so clety tomorrow night and will make an address, which will-be tinged, with po litical colorings , r, ,i -.:- Or. Lane originally aceepted an Invi tation to speak at a Jackson day banquet of Democrats In Seattle but this has been postponed" for a week and the In vitation to mingle with the doctors came along just as theother date was can nail I ad. BEETSUGAR SLAPPED ; ANOTHER HARD BLOW i J j i-. i.i t I i i m ItlUl ADDED TO PRICE FOR Wethers Reach $3.80 at North 'Port land Todayj Hog Trade Is Un changed at .Yesterday's Sharp De cline No Cattle for Sale. TODAY'S XJTESTOCX MAXXXTS. Vorth Portland Hogs weak, cattle lira, sheep higher. ' :'';- --, Chicago Hogs steady, cattle steady, sheep strong. 'J-..-- r Xansas City Hogs ; j steady,;;-,; cattle weak, sheep firm. it ( -t - ;: ;f lover, South Omaha Hogs lower, sheep higher. cattle . PORTLA titi LIVfiiSTOCK' RUN. '.' ' t L1ass fe.stl : ClineH Tues. , . ..Vi '348 3 263 Mon,; ,4..2107';. Sat. ...;.. .807.. '338 876 - 644 . 2124 3 i 34 : '431 Friday 195 f'.v 11 .'-- : Thurs. n.i. 809 - Wed. Holiday. Week ago 165 Year agoNone. J year ago; 103 . ' 85 ;-; . 4. 292 lsV-J;;,10'.';'''753 There was only ev iwiderate aiipply of swine In the local ards today.' follow ing the record run of yesterday, t. There was Diaeticallv no change In Dilce from that shown late yesterday, afternoon when values dropped from i.xo to f.iu. Sales at the high point were again made 4-Vila m rtn Ina v, . r'.'.'-iW':-. At Chicaao there wss a -fractional In crease in the demand and values were a trifle higher. , Run for the day was 32,000 compared with 36,009 a year ago. Kansas City hog market was steady with no change in prices for the day. - Kmith timana noes were sieaay to a nickel lower with tops at $7.26 this morning. . ' ' " . Hog shippers today; W. S. Burton, Montssue. Cel.. 1 load: W. Candler. Day ton, Wash., 1 load; . W, . i. Runnlns, Pomeroy, wash., I loaa. ; North Portland hog market range: Reat llarht ..$ 3.10 Medium lignt .............. . u Best heavy , . 4 . . . i . l.W Medium heavy .............. 7.60 Rough and heavy 7.00 Cattle Continue Tim. WhllB there were practically no offer ings in the cattle division of tne North Portland trsde during the day. the mar ket was very firm and former priees went nominally continued. ' - . There waa a generally sagging trend of the cattle trade elsewhere and some fractional cnanges in me- price were forced. At Chicago the cattle market was steady with prices uncnangeu. Kinui cuv catue mariu'i wbb wean. but. the softness was not noticeable annuth to force anv change In prices. South Omaha cattle trade was slow to lower with top; steers at $9 and best cows and heifers at $.7D. , ' The only shipper who had tattle today at North Portland was Hugh cum. minas and he had a mixed load of cattle," hogs and sheep direct from Hal sey. - - . North. Portland' cattle range: Meavv fed steers $ ' Choice steers i .30 Common steers 7.25 .60 Soayed lietfera ............. 6.60 Fancy cows ................ 6.7D Ordinarv lleht cows s.o Fancy light cows 87& lleavv calves G.OOQfli.n Heat bulla 5 50 Ordinary bulls heep rlrm at advance. Ai the sharp advance ioted exclu ivaiv In The Journal yesterday then w,i a firm tone in the Iheeo trade at North Portland during the day's husl. nesa. Another nickel was added to the nri,. TiiBi e was onlv. a small, run over night, following the ,'klg showing inadu:' yesterday, out puyers wer vnry rutn u take hold at the better prices. .. At Chicago there was a strong tone in the sheep trade with no change in prices. - Kansas City sheep market was firm. South Oinsha had another strong mar ket in the sheep division with an ad vance of 10c to 15c over yeaterday. Top lambs sold there this morning at $8.60, while best yearlings went at $7.16, wethers $5.20 and ewes $4.75. Sheep shippers today: U . Gentry, Heppner, 1 load. - General mutton market: . m . v Best esst mountatn Jarob.,,.$ .90 Good east mountain lambs.. . 8.75 Best Willamette valley lambs . $.69 Good Willamette valley lambs 5.00 8.00 Poor lambs .... .-. M0 Best yearlings ............. ?u Ordinary wethers b.Za8B.oJ Fancy eweB ? Good ordinary ewes o Mosday Aftraoon salts. 110U8 Ne. Uurer. Ae. lu. list 176- - - ISO - 220 164 liai 174 8H1 . 17 ..: 17 iso 175 104 SS3 ' ' flf,5 ' ;ut 407 140 4TO 620 Priee. $S.W S.t 7.KS 7.HJ 7.86 7.Stl 7.NS T.HH 7.78 7.7a 7.76 7.76 7.! 7.21 7.23 - 7.HO 7.00 7.(H 7.00 7.00 $6.75 6.7R S.75 S.76 8.10 . $S.M cv A On. ...07 Barton Co....... ..... t'rten Packing Co W Vre a Co.; ...... . Caraten Paeklns Co...... 2 Kay FalreullU i"i Kay Kaitvhlld Barton k Co i 75- llnlon Meat To. .w Vnlon Moat to. Union Meat Co. W I nlon Meat i;o. .i Caraten Packing Co..... K7 Barton Co.. ... . .; ..... i nlon Meat Co ITiiIimj Meat Co. ......... t Barton Co. . ... .v....- 1 Oaratens Paoklnj Co. 4 Barron Co. . ; Carstena Pelng Co.-. . 1 Caraten Parkin! Co 1 V 4 IIB ... - lnkB Meat Ce. .... I'nion Meat i'A. . IJnlon Meat Cv.-.-.i Barton 4 .Co,...x... v .......220 2nl 127 135 r......i8r WETHKRS ..,.,..125 76 Ktt 8M ' 84 Barton a u. gterrett-Oberlee - H9 f.'UTTOii IN THE YARDS FIRST NATIONAL BANK CAPITAL $1,500,000 SURPLUS $900,000 . OLDEST NATIONAL BANK WEST OF THE ROCKY MOUNTAINS V. ' Qpital Stock - , $1,000,000.00 ' - "Surplu and Undivided Profits $1,000,000.00 COMMERCIAL AND SAVINGS ACCOUNTS "' Utters of credit, drafts and travelers" checks ' (ssaed. available Corue r T b S r 3 S n UltaJ i ii. J lUL J ADE SUDJECT 01 South . American Conditions Looked Into First; Ameri can Owned Vessels Are Barred by Combine, Claim. fl nlted Pfe Leased Wire.) Washington.- Jan. 7. The melrliant marine committee of. the house today began hearings; to iOvestlgate the al leged' existence of a shipping trust. A large number of Shipowners and agents are here prepared;' to testify at the in vestigation which Iprobably will in tinue for a month,. - - A special effort will be made by the nvestigatora : to discover, to what ex tent transcontinental rallrokds control oversea freight and nassimger csri-lers. and to what extent foreign governments own or subsidise Vessels. The workings of the Braelllan shin. ping pool which controls all exDorta from ports of that Jcbuntry were taken up first. .Sidney Storey Of New Orleans, president of : the ' . Panama-American Steamship omDany", testified that, the Braiillan government' had encouraged tne ict niation of titer company. He said the: shipping s pool had- been boycotted ano- forced out'Of business. Storey asserted that, the shlDnln fa cilities' of South America were abso lutely controlled by five foreign steam ship lines, to the exclusion of American commerce or tbe establishment of inde pendent lines. .The lines embraced In this combination, ha said. Were the South American, the North German Lloyd, the Koyal Wall Packet, the Ham. burg-American and tha Prlns Steams hlo companies. J ; , -. . Storey charged-that the combination not only controls, the shinning Interests Of South America, but also dominates the press-and the cable service against the 1'nlted States, delays the malls, throttles American ; commerce wltn 8outh America , by , confining exports from that country to the United States to New York, and by charging prohibi tive freight rates, He. further stated that the Argentine Republic and Brazil both desire the establishment of an' American-owned fast mail, passenger and freight steamship line, but that It will , be impossible to ctfmpete with the foreign combination until the Unit ed States government agrees to protect or subsidise such a service. PORTLAND HOTEL TO KEEPPACE WITH CITY v . Harry L. Day, of Wallace, Idaho, who represents the Guggenheim Interests in Idaho as president of the great $30,. 000,000 Federal-Mining & Smelting com pany, was ia Portland on a short visit today-iv-i)a me hyaiC jarly train and departed sgaln lte in the afternoon, -Mr. Day, with his brothers Jerome and Eugene, owns two-thirds of the stock of tjye Portland Hotel company, lie said that his trip here had no con nection with any contemplated plans for rebuilding the Portland, and that ' then was no information he oouid give oon cernlng the proposed reconstruction of the famous hostelry. V -"; ,r ;i ; "But If Portland keeps on growing I guess you will see the Portland im proved -to keep up- with the-pace." he said smilingly to Manager Kaufman. The Federal Mining A Smelter com pari lb is the largest mining company In the west and 6ne of the largest in the world, though there are larger mines than the one at Wallace. There aro 1200 men working in this mine every day. -: - ;'-. " "--,,. ':,'; "The, last year was a very good one in tha Idaho mining districts," aid Mr, Day. "We are expecting an even more prosperous year in 1813. The. most in teresting thing Just now to us mining folks up there Is now litigation between the Bunker Hill & Sullivan people and V. Augustus Helnze." ,j. Mr. Day takes a good deal of pride in the fact that he is a newspaper owner and publisher himself. -He calls hfmstlf a newspaperman, too. not a Journalist, which is a pretty good sign mat ne snows something about the business. - His newspaper is th Wal lace Press-Times, . Vy'" .Mr. Day's brothers are also well known mining , men. , Eugene Day is head of the Hercules mine and Jerome Day Is head of the Tamarack and Cus ter mines, ; the three brothers being in terested in all the properties. Cnlon Meat Co. .. .230 18 Barton k Co. ...,.,.... .li.t list Inlon Meat Co fl.t t2 Tueaday Mornlsg Sal, $1.83 4.stt 4.00 uuus Buyer. Jatue lli'iirj , . l'nlon Meat Co. Vnlon Meat Co. l ulon Meat Co. Janit-a Henry . . Stertett-Oberlee Union. Meat Co. No. .. Ml ,. an . . sit Are. 11a. INS . IMA 220 an Prite. .10 7.B0 7.S6 7 2.1 725 ' 2SU no 11X1 WETHRItS ....12.1 .....1..12S $n.sn o.i i! UI 0! USE ESTABLISHED 1859 " d Wat hi n gton Str e e 1 1 I IaLu 1 i U. S. Supremo Court D::l . Trust Value L'.ust Oa Given to Rc iccovcr. , ; ; (United Pre Lad Wlr.) Washington, Jan. 7. The Unite! States supreme court yesterday ruini that the; amendment to the inteistnie commerce lawigoverning bills of lailiiitr and fixing the damages a shipper may recover completely-supercedes all statu laws, Olt was also held thst an expn company Is norliable for the full value -of any article lost in interstate ship ment When, the true valuation Is not stated In. the bill of lading. The de cision was handed down in liat in known as the "Cincinnati rase." (Waablngtou Bureau of The Jonrnal.) . Washington, Jen. 7. Senator Bourne said today that ha had no understanding wltn National Committeeman Williams regarding federal patronage. "I recom-, mended Mrs. Meirlek to be postmistress at Portland,"' he saiij, "and I have not changed my mind.'. . "Do you expect to reach any onder standing on the subject, of patronage?" he was asked.. - - - , "I never go hunting for trouble," re-'. sponded the senator, and he would say nothing further, except that he "looked , for a most enjoyable year.". , v Chamberlain admitted . that he had . been to see. Williams, but he declared there was no agreement and he' said v he did not know what r Williams ln tended to do. , i s,'- , ,. Cousul Naslls leatl. London, Jan. ".r Paul Cleveland Nash, United States consul general at Buda Pest. Hungary, was found dead today at Claridge s hotel here from an attack, of heart failure. . ' " The street pavement is a most important : factor in the upbuild ing of cities BARBER , ; ASPHALT has, in every progres sive city through-r- out the country, and " under .the most ex acting tests, demon strated its durability and economy. OVERBECiWECO. ' Stocks, Bonds, Cotton. Grain, Eta, . 116-817 . Board ef Trad Building, DIRECT PRIVATE WIRtS TO ALL EXCHANGES Members Chicago Board af Trade Correspondents of Logan ek liryea - - Chicago. New Vark, J.C.WILS0N&C0. NEW YORK STOCK EXCHANGE . NV TORK COTTOM KXCHANUS CHICAGO BOARD OF TRAD el THS eiTOCK AND BOND K.VCHANQE - 8AN FRANCISCO . POKTtAXlI OtTFICE 169 Oak BtnOround'Ploor, tewis Blflg, PhonesMarshall 4120. A187 TKAffSFOSTATIOX. STEAMER H ASS ALO for Astoria Leaves Portland S:30 I. M. dally, except Saturday. leaves Astoria "10:00 A, M. i oauj scsp atusuay, Oet Tickets Aih-Strset Dock, or City Ticket Of flea;' Third and Washlnsrton, BOURNE DEIS ANY:; MK WITH WILLIAMS KXfKKbfc. STKAMKK3 FOR San hrancisco and Lcs An;e!;3 VVlTHOliT CHANUH SS. atoss i City SaUs 4 p. a., Jannary 11. She ttaa artaaoisco k Portland 8. Co. . ? - Ticket Oince 1311 Third frt. A PSone Mais gSOa, -A-Sa'V CQO BAYLINC SlkiAaaj; M&liAJL V Al' A. ' Balls uvui Atiiawurtu tiviva. fui nsnJ, k p. ni., Nov. ii, and thereafter evi r Tueaday evening at a p. m. freight r ceiva'untll 4 p. in. on sailing day. 1'" henuer lara first class (ID. second 11, meluulna uartli-and inuals. 'I'ii,-..' office at Ainawurlli ilmi for t hinl ,,. Coos tiay fcleuirislnp l.inu, U ii. Ivci illK. Bt,t. '' ' ''- ' - '; ' , kiN IIUMIbCU, IX ANf- t ' rOJtTB WACIXIG K. S. CO. g B. COAWOKB 484 . K. TIT ' r.vr( .Wednesilay. 'ti ci" , : Ttcast oltice U2-A Ii ti t ., i Vrio'e kiain Hit. A-t.,i. .'' MARTIN J. W'U.bY. fas