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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Feb. 8, 1913)
tuj; .Oi:::cu;j daily jou;:;,AL, roiaLAUD, Saturday i:vi:rm;a., vj::iuuary 8, 191a. fx; EGG :-m REACHES A CENT HIGHER TODAY; , .... 1 1; i r , 1 iTH IS NOT Trade litre J I'p to HH On Is for lVsh lUiitli Villi HupiliesMm lied;' Su Francisco ii'wa Vv lit ' Outs Willi Xurtlimi Iluylng. rORTlAND PBOOVCB TBADB ; Cheese sales better. . Batter holding steady. Texas lettnoe telling. ; , 'h Sweet potatoee gone. Potato market quiet. Dressed meat steady. ' . lasle toue for wools. " Tiir-i'M was a'furl'her advance in thl' price tit fresh ckr along Front street mriHv MiilcH belnu made uu to 2!K Kven f IIOLDI esse tfount sold up to 2SMic, but tlila wn sn exceptional InstHiicfv . However. H " I'CflftVtH tho RIHt HhOltltgO of supplies slon the street at this time. i 'n-.-TJie egg market - la Higher In Ctwifor , ,nl, Han Francisco showing uu. advance f J u a dosen on amount of tue very , heavy buying for northern account. . - , There -la K ; Somewhat easier feeling , ill' Seattle 'and while nominally quota tion there are higher than here. irfall Hdviees to local shippers state that they )o not want any turner shipments from : here at the pn-sent tlnie. - i It in reported that rathef; heavy sup-. , - pi lies have been purchased in dan Fran-. dsco by locul pnrth? for shipment on the next steamer-and till Is eitpcotqd to Jvecp .the home trade, in elieck, : ClIKHSK IS MOVING WIIM, There Is nulls a s fair demand for ; cheese in thp locsl wholesale trade and storks are showing , an - inclination to clear tip at prevailing prices. All of , the big dealers are again tuning hold. HITTER 1IOLD1XG STKADV : &i :..;:.w;j,";;;j-, i; '' ' 'C, ':ff '."Y,i' '" Quite a steady tone Is shown for ' 'creamery butter in-the local m;ukt.-t but a small decline is nuotcd In ttio sout'i - on account of greater supplies. Prices here are unchanged. , . , ; . .: v "-SWEET POTATOES GONE &' According to an advice received by the street today, there are not likely t be any more shipment1 of sweet pota toes this season. One carload that was bought was found to be unfit for sale und was rejected In tho south. , TKXAS LlttTlVK IX DKMAM) There Is quite a fair demand for Tex as lettuce in the local market. The carload that arrlveij. 'yesterday, the first ever received here;' has found an ex cellent call at $2 per hamper, MEAT MA11KKTS AHK STEADY Market for r-ountry killed meats Is holillnt; steady along Front street. Con trary to general trading there was a Bond call fur boR this morning- and .prices were. maintained, gomo weakness was shown at places-in the veal trade but the market in general was un changed, j " - -I , . .. i i- - lil IMOMAXli FOR FISH- There Is a very big demand for fish ; In the locul trade. The priee of smelt ' . Is holding well ut Toe to $1 a box of 60 , pounds. Steelliead salmon is firm at -.li'ljn and t'liinooks are holding at lie. . " -Halibut la fractionally easier at 16c. , FOHECAHT FOR SHIH'EUS Weather bureau sends the following fiotiee to shippers: ' I'roteet-shipments s far north ss Seattle against minimum temperatures of about 30 degrees; north cast to Spokane.- gero; southeast to Ionian Arh' bnnlh a L-K.l.li. ) I .3 . f. and tonight, about 26 degrees. IDRTLAXD - JOBBING TRICES ThM price are those at which wholennlcni cll to rctiillM'n, sxcept h nltmrwlte stated: Butter, Ejjt and Poultry. Bl'TTEil N.onilnHl. extra croiimerf, enbes Slid tuhs, S8c: printu, 37'ic; ordiuarr cream ery. .Ttygtte Ih.; dairy. 21c. ICiitiS Noniliwl. (.'nillp(t kw-al extran, 2Je; onlliiar.r candled, 2Sc; apt huylnn prlcp, lusa off. 27'-ie f. n. b. Portland; btwt PHsteni. aio. 1.1 VK POl.-I.TKV Item, 13c; aprinira l.l'ijc) brollera. WOe; gae. 124c; I'ekln durkn. !; Indian Rtmnera, Hir-;- tnrknya, 20o ilivsfMfd, aafttaiic; pigeon,, old, $1; yoniig. 1.00 - dozen, UAMEJackrabblta 1JK) per 'down; wild ji-ctp, $4.50 doaeu. - RUTTKR li"AT Prodticeri' price, for Port land delirsry, per lb., 377. CHEESE Sondnal, freni Oregon fancy, full cream twins and triplets, 18c; dalsiea (--) ; Young America, 19c. Fruits anil VaiatahlM. FRESH FRUIT New uavel oi-anges, $2,000 3.00; Florida. W-00) bauanaa. 4t lb.; lemons I7.ooitt8.00; llnies, 1 pur 100; grapefndt, Call- luriirn, fi,wut.w; rnirina, fa.ou; pineapples fx- lb.!' wars, 11.0021.50 .box f eranlierrlM In! ,cl. u.75 bbUi eastern, lo.50U.(X); Persian dales. THftSe lb. . Af 1'LhS-h.arlllir apDles. fiOc0t2: pvkln POTATOBB Selling price; Extra ebolc 7&;; choice, 0c; ordinary 50c per sack; buying t:i tier cental. . ONIONS tl.lo; aaooltlon aelllng price, s5e per ccaiai i. v. u. anijipius point; garlic, lib VKCKTABLRS TunilDS. o27Bet hwt. carrots, T50 per sack; parsnips, 7Be sack; cab bage, 75c$l.afl; tomaloBS, per bos,. 1.50; hies $(U2.20; green oulons, 10c doaen bunches: lppers, oeu, 20c id.; sesd lettuce, J2.60 crate eplery, $1.00 dozes, $5(a,B.S0 erate; pgg nlnnt. -Jnt lb.: ieara ( ); cauliflower, ' l2.ona;2.M crate; rhubarb ( I box; artichokes, $lftl.6o doaeu; sprouts, 9c lb. Hops, wool and Hidss. . . WOOI 1013 clip Wlllsiuetto rajler.- (otsn-old, 102e lb.; medium, Shropshire, 2lc; cnoicn, iani:j win sue per la. easieru Urugoo, llH20c, according to i-hrliikocc. aUTTIM OR CASOAitA BARK 1912 nom inal, car lots, 3',4c; .less car lots, Oc lb.j 1812 unra. rur suis,- oc, k-b car-- joia, ic&Cs lb MOHAIR 1012 :i2! )u. IiIDKS--Drr hides. 2ifi22c; green, 11c; salt ed hides, lac bulls, grccu salt, Vc: kips, ViUt 14c; calves, dry, 2-'tf"5ci en If skins, salted or green, IsralUc! green hide. l'l'4c less than salted; sheep pelts, salted, 8Gcti1.10; dry, ', UOPST-Producera prloa 1012, . I7i(l20ci c Conllng to quality, 1018 contracts. ISc lb. ' Masts, Fish and Provisions. PRESSED MKATS -- Country killed: Hogs, fancy, 10e? ordinary, 8Hc; rough aud heavy, Sc; funcy veal,, 14ffilBc; ordinary, He; 1 poor, 1 1 :1c ; lambs, j lOdilOc; tuutton, TefiCHc: gnats, ate; beef, biyilo. HAMS, BACOX, KTCIIams, ISWfitlOc; breakfast iHtran,' lVjr2c; boiled him, 27c; plcnlcs. 12c; cottugu, ISc. ' - . - .-- . , M KAT Packing bouse Slews, Ko, 1 etock, lSai:Hyc; vow. No, 1 stock. 12l2Vic! esea li4,yllc; wetbera, IVMuil'ic; lauibs,.13c; pork loins. IHVjC. ' OYSTKUS Shoalwater by. per gallon, ( ); ' Stocks,' Bonds, Cotton, Grain. Etc. 816-817 Board of Trad Building. DIRECT PRIVATE WIRES , TO ALL EXCHANGES Members Chicago Board of Trade. v - Correspondents of togaa at Bryan, . Chicago. New Tork. J.C.WILS0N&C0. 1 '" MEMBERS "'iV":' -NEW TORK KTOfK EXCHANGE ' NKW YOHK COTTON EXt'HANGB CHICAGO BOARD OF TRADE TIIK STOCK AN1 HON I.) EXCHANGE c A IN P KAWCIHt-IU lOKTr..1 N irl)FFI 269 Oak St., Ground Floor, Lewis Blflg. ynones Msrshall 4130, A-4187. OYERBECK & CO0K CO CRUTCIiFIELD WOULD PLACE COnuViiSSiON BUSINESS UNDER FEDERAL SUPERVISION TQ HELP BOTH A vrry radical change in the law, or in fact the passage of d new law that will plaoo commission men under dlreot supervision of the natlonul government Is being advocated by J. 8. : Crutchf ield, the well known Pittsburgh commission man, und a member of the Northwestern Jj'rult Kxchang of this city. ; ; ' Mr, t.'riitehtleld's sugliestion for a new law Is not an- attuck upon the commission tneilX but simply a pluu to elevate tiie business ami place It upon the plane where It really belongs, lie says: - "Kecognl.lng the unfortunate status of the public mind, Including produc ers, curriers, middlemen of nil Classen, professional Mien and, : consumers, which is 'causing friction and distrust to ' pervade, the very atmosphere,:, so that every man's hand Is. against his brother, and 1'eullslng that confidence Is tho foundation and basis of satis factory trade conditions and coopera tion is imperatively essential to the handling of all business, , particularly perishable food products, i efficiently, economically1 ami ; wltli facility, we recommend that this convention act fa. vorably on th following suggestions; "That this convention j authorisss the appointment Of eonuulttee ( to see to the drafting of a law, tp bo presented to congress, possibly through the presi dent of the United tjtstc and the scute tary of agriculture, which will give to tli(j commission trade the same efficient government supervision as now obtains in tho conduct of the business of na tional banks; The nature of our busi ness is very similar to that of the na tional bank, whereas the lack of stand- ardlgatlon of product, Its perishable na. ture mm tne unavoiuu,o, irreguisruiea which characterize Its conduct, make tt essential and necessary that prompt ac tion bs taken to establish confidence on tlm Hurt of th miKlurer toward bis commission sales agent, by affording fa COUNTRY SHIPPERS Front : rSlroct Receives Word From ' Country That They- Cannot Relieve Charges. Front street has lots of friends in its hour of trouble, and many letters aro belli" received from country shippers .offering their sympatb" to the trade on account of the government Indict ment,. .- ' -"' V' '- ' ' 1 . - ' Many of - the letters from country shippers profess their astonishment at tho clmre-es, saving that they have been perfectly satisfied with the dealings they have had with the street. Regarding the ease now before tho United States court, comminsion men say they are at a loss to understand the matter. They feel that, while they may .be technically gutltv of the charges hrougnt by the government, there has be. n no inclination to invade the law, as no attempt was made to esoapo the limuirv. , Legal authorities' will be employed bv the street to find the exact status of the case, ami If It is found that the law has been violated no attempt will he mode to get sway, if,: on the other hand, the lawyers are of the opinion tint the commission men are in the right, .the case will be fought, "We are not looking for trouble with the government or anyone else." said a commission man today, "and will try to1 wee exactly- where we stand. We want-to take tn the." matter with" the government: officials and see exactly wlmt ha been .charged. "All this talk about our putting other firms out of business Is rot. because some of -the firms" the association is charged with putting out were them selves members of the organization. T. O'Slalley & Co. was one of these. It failed an Its own accord." Continuance of the Drought In. That Country Forces Shorts to Cover in Chicago Market. , Chicago-, Feb. 8.Wheat prices closed with an advance of ge to c a bushel for futures todny. . Opening prices were unchanged for May and September and 'c lower ror tne July A special Indian cable said that dry weather continued there and the crop Is in a serious rendition. This caused some short covering here after the open ing. proomhall cabled from Liverpool that easier American cables were offset by closing tirniness in tiuenos Ayres and the light American shipments this week. Prices were di lower., Following the ooening mere was weakness ana real 2. ing and prices declined -',4 d to 9d for the -distant months' on tne large La Plata offers for March shipment and private cawes reporting large clear ances yesterday from Argentina. Shorts covered in March, nearby : cargoes are firmly - neid and tne sirengtn in corn checked, the decline. At the close the market was irregular but generally steady with prices unchanged totd tower witn juiy leaning uie aecune. Ranire of Chicagro nrloes furnished bv Overbeck & Cooke Co., 216-217 Board or nauo uuiiuwiK- - . WHEAT s Month.. Open. High. ' Ixw. Close. May .... 1W SMIj, ; MA July ......... HI ! Sl'4-v." H2'4A sept. ......... wt m. - .:.' a '-'- " ., cons - x1' Mr: ......... w m .iii'i ntmi July ......... 4Sj W 54'4. ' 54A Sept; :., S5 0 1 63B OATS ' - May JuLr Sept. Mar July - May .lulr OFFERING SYMPATHY AN RP ALARMING rt.- 84 as; '-35- 35i M S-,:.8ft4 .. ......... 34!a H6 Si 3514 T ponK .........mrr 107-1 mn ioto .....(...1UoT - 1073 ... ll7 LAPP ' ' 10.W Kin: mr.2 lost r a 106.1 llSJO 1053 1000 , ......... 1W7 108T i ; JOttT ' B RIBS . . ,.pr2 vxia - low,- losr, a ...... j. 1052 , 1047 1 J5a ' B Sept. M.iy July Sept. 1082 nor 100 lb. sack ( ); Olyaipls. per gallon. 13 ner 100 lb. sack, IU; canned. eastern. ific can; $6.50 duscn; eastern, In shell, J1.75 12 per 10O: rasor cluma, a4.iii box. ' FISH Nominal Roe cod, 10c II),, dressed flounders, 7c; haiiiiut, i8c; striped basst 20c; catfish, 12c; iSalnitin. 12i315c; soles, 7C ih nhrlniDS. lii'-ici perch. r Sc lb. t tomcod. 8e lb.; , lobsters, 20C lh.; herrings black bass, 20c; sturgeon, 12Hc; sllrer smelt, 8c; Columbia smelt, TBctt $1.00 bos; black eod. 8c. LAKU uiorces, uc; compouiia,- tierces, 10c. Groceries. -:- .-- ;-, , nic.R Janan style. No. 1. fllifiJc: Vn ! 4v,c; New Orleans bead, 6j7c; Creole, 6Vte. " iiUOAU t ube,. $S.BS; powdered, $5.50; fruit of berrj $f.S; beat, '$5,00; dry granulated. M.'iy. 1 ycllon, $1.05. (AboTo quotations are 0 duys net ensp.j , . . 'J t I 'I" . f .ai-4a hillf ITMU rtilei . IftAas I1A ton; SOS $10.75; table dairy, 80s, $18; 100s. S17 50; bsles. 11.25;- extr fins barrels, 2s, os and ltis, ;.;.( o.w"; lump wn, iu.au per ton. BEANS Small white, Oc; large white. Be; pink, fte; bayoti. 4.5; llinas, . 3cj reds, Oc. HUeit-i, ier rafp. . : . .. s, t Paints. Coal Oil, Etc, WHITB tHAP Ton lots, Bo per lb,: 000 lb. lots. 8c per lb,; less lots, go per lb. ; - . Olb MKAIj Cartose lots, $;!0.00; less than itnldoiid lots, 10 ir ton. UNSKKO OIbKw. Mils.. 56c pee gal 1 Vet tin boiled, bids.; DSe gal.: rsw cases, file; boiled, eases, fl-lo sal.: lots of 2S0 sallous 1e LU--mt kat-suawl-. $i4 Sas. taM! . . n . - ,TUlirl'.MlMii 111 cases, T.ic; wmd bsrmls, Tih-i irou barrels, eoe ier gallou; 10 case lota, DEALERS AND SHIPPERS cilities for Investigation and supervis ion of all commission transactions, "Such a law would obviate the neces sity of showing on all account sales tne names and addresses of all cash and credit customers and other Impractical supposed-to-be safeguards which are now being demanded in many states and which would burden the conduct of the business with a tremendous expense, us well as congestion. - "Such a law would raise ths commis sion to ths plane on which it belongs, because our function Is to afford a sat isfactory and profitable market to the producer, and a satisfactory and reason able supply to the- hundred million con sumers of this great country ' t j 'What line of business could bfl more vital to the health, happiness and pros perity of the wholn people than ours? We convert the products of the- farm into cash, pay ths carriers their portion, attend to the physical delivery to the retail channels of distribution and promptly account and pay tha producer the proceeds..,... -; - . : "Such a law would protect us from unfair and dishonest competition, insure the establishment of equitable rates of commission, would tend to classify the business, enabling us to charge actual and legitimate expenses of operation In addition to a reasonable charge for our professional service as salesman, and otherwise place the conduct of the busi ness on a sound business basis. . 'Without supervision the national banks would be in the, same demoral ised,', unsatisfactory- condition that our buslnea i in. We know what the busi ness needs for ; tho protection of all interests concerned. Let us be the flr-H commercial body of this great country to voluntarily supply that need, thereby establishing as the very foundation f our business a. confidence that Is neces sary for tho proper transaction of any business." 7 -', Trade Is Weaker und Stronger by Turns; Kf forts to Sell at lrlco Unsuccessful. WHEAT C0SXTX08 GOOD ft. touts, Mo., peb. 8 Modern Miller ays 1 Ths longast and coldest spell of weather this winter so fax - has not eanssd damags to ths winter wheat, la the principal producing, states as snow covers most of these regions. Nebraska is an exception, but no complaints have coma from there, in other localities where ths ground is hare, reports ars satisfactory. , KOHEIOK WHEAT MARKETS I.WrrpooI Wheat closed unchanged to i loner. BerlinWheat closed 4e lower. Budapest Wheat closed 4c lower. Antwerp-f-Whcat closed c higher for L Plata and a lower for Kansas. Buenos Ayres Wheat closed 's!!c higher, Paris Wheat closed 4c lower. ' , WHKAT CARUOKS Ql'IET London. Feb. 8. Wheat curgoes on pamnge Steady and quiet. l'lngllsh coiinlrjr markets eas.r. French couutrjr markets quiet, POltTLASP GUAIX RECEIPTS MARKET FOR WHEAT IS heat. Barlcy.Fbmr.Oata.Hay. 210 0 14 9 6 Vi X 5 r 4 51 .. 1 3 4 XI t l:l 4 -7 . 4 1 -1 1 5T 5 T it f5 - 8 tl 8 47o . au 5:1 'M 2d 44T . . ."! 4T :w Monday ....... Tuesda.T Wednesday . . . Thnrsdsy ..... Friday Saturday Year ago Total tbi week Tear ago. Season to dule.,12,877 Year sko .' IBi'O lifts 2ui mi 1072 12K 1123 2M20 The market for wheat is weak and firm by turns locally. The buyers who have liberal supplies and are therefore most interested in keeping- up quota tions are talking about higher figures that others have been able to sell at. One local buyer offered to sell a- big California mill a round lot of club at 86 Vic a bushel f. 0. b. ship. This means not more than 85c track basis and the offer was refused. This is the actual proof of the present market. What may happen in the future none can state at this time. Club bids for the day range from 84c to 86c track basis. Some bus iness is again passing at these figures. For bluestem the market generally ranges from 92c to 84e. The higher fig ure is for the strong Big Bend stuff and the lower quotation for the Walla Walla district. The grain bag market hag gone to an established basis. Calcutta stock is be ing offered here for July delivery at 9 He, or V4C less than the unstable prices first quoted when the Indian market began to advance. It is stated, however, that the sltuattaa hi very firm at this price. Market for barley is showing more in. quirles but the trade is still very slow. There is no change in quotations. Oats market is weaker with f reerer offering by the country. ' WHEAT Producers' prices, track basis: Club, 8486c: bluestem, 9294c; red Russian. 83c; forty-fold, 86e; Turkey red, 86c; Willamette valley, 86c. BARLEY -r Producers prices, track basis: Feed, $23.60; brewing, $25; rolled, $26.60. OATS Producers' prices, track basis: No. 1 milling, $27.25; white, $26.6027 per ton. FLOUR Selling price: Patent, $4.70; Willamette valley, $4.70; local straight, $3.8604.10; export, $3.833.96; bakers, $4.604.75. '. r HAY Producers' prices: Willamette valley timothy, fancy ( ); ordinary, $12 014: eastern Oregon-Idaho fancy timothy, $1516; alfalfa, $U.5012;J veicn ana osvib, iw'i vneeu, iivwu, clover, $ 8(g) 9 per ton. MILLSTUFF8 -Selling prices: Bran. $21 (if 22; middlings, $2930; shorts, $23 24 per ton. jQRAIN-JB AG S-No. 1 Calcutta. 9 c. Sau Francisco Produce Market. , . ; (Onlted Press Leased Wlr.V . v San Francisco. Feb. $. Wheat (Hub?' 1.52 H 1.57 northern bluestem. 1.72 Vs Sil.75: turkey red, 1.70(&1.75: red Rus sian, 1.63 1.57 M; fortyfold, 1.60p BA RLEY Oregon and" California. J. 25W1.35; shipping and brewing, 1.374 1.M. (-,- -. BUTTER Extras, 86c; firsts, 34c, ; EaGS Extras. 25c: firsts, 23c; se lect pullets, 23c. i - CHEESE Oregon flats. 17c: Youne America, - 18c; California, 12 V 18 Wm Young America, 1618c. . POTATOES'. Per Cental Oregon Bur. banks, 90c(g$l. 10: River do, 60 ff 65c; Salinas, $1.256)1.60 sweets, per . sack, $lei.7S.- ONIONS, Per Cental California sil verskins, 40ft 65c; Australian, Sage 45c. ORANGES. . Per Box Navels, stand ard, $1.75(nv2: choice,-$22.25; fnncy. iz.ov irostea, wvii, Seattle Produce Market. - . tXJnlted Press Leased Wire. y - U.nHld IVn.l, L-l. fi E" . T , ranen. 80ffi31c; storage. 22&i25c. .. BUTTER. .Washington creamer v. firsts. 86c; city creamery. 37c: eastern. 3ie. CHEESE Tillmook. 1818Hc' Youlu Americas, 80c: Washington twins. 17 fi 18c; triplets, 18 Ho. , ONIONS Oregon. $1.W nep 'mmcI- Walla Wslla. $1, f , ;, l OTATOlJS $liril4. OATS Eastern Washfpgtonr $31: Pu. gvlHMWIVttr gS4rr illU.li HA V Ksstern Washfnt'fon timothv !((( 20: wheat hay, $18; alfalfa,, Jlltf i; mixed, fiiyia, euaw, WOOL MARKET HAS A WEAKER TONE OWING STRIKE iF WORKERS Garment laborers' Difficulty ltcsults in Shaded Prices In the Kast; Sit uation la tCtpected to Show Im 1 provenient !iter, 1 " Tho strike of garment workers Is having a weakening effect upon ' the market for wool,-but tt Is generally but lieved here that the resctlon will be but momentary, and that better prices will' prevail, -. - . . 1, - The demand for woolens Is good, and therefore the consumption will be fully as good as previously . For that reason the mills will-be forced to purchase supplies. The stopping of the machin ery by the -strike will therefore nican nothing except that overtime work will be necensary ufter the affair is settled fcnd the demand for cloth picks tip. ' - The regulur correspondent of The Journal wires the following from Bos ton .,-. ' - ' "Wool sains have decreased material Ij'i most of the Boston houses reporting a quiet demand. As foreign primary markets are closing, ' the center of American Interest is being slowly trans ferred to tho, west, The outlook is dis tinctly .less eiirouragiu- than . at the opening of the year. - -The change In sentiment. Is attributed to the garment workers' strike, whjch Is now in prog rets here, -f -' - ", - . 'Borne bids submitted have been far below the asking prices for desirable wools. They have generally.' been re jected, yet a disposition to make alight concessions where ony valid reason whs forthcoming hss been evident., . "California wools sre still drseev. the principal transactions for tho week Doing lit sample lots or rive nags or so. Kmall lots of baled scoured fall wools have been moved on the basis of 40 45c for gray and 60e for the best white, with average lots st 46$H7c." Financial Markets Are All Ilcported Quiet, but Some Pressure " Is Shown. New York,' Feb. 8. The news relative to the Balkan situation consisted prin cipally todsy of u report to the effect that the British admiralty had decided to send tho Mediterranean fleet to Turk lnh waters aim that the Turkish coun cil had taken the request to permit the warshlos to pass throush the Darda nelles under consideration. Advices from Germany state that Berlin is pre paring for decisive, developments, and on the whole it appears that the Isrge European powers are preparing to us sume jfuch an attitude as will terminute hostilities and force a resumption of peace negotiations. The stock tnarket was quiet, but ap peared to possess considerable under lying strength. Pressure is relatively light and the trade Is disposed to the belief that advancing tendencies will become quite pronounced next. week. ., . Range of New York prices furnished by Overbeck Cooke Co., 216-217 Board of Trade building, 1 DKtSC.UcTlON I UpeiilHIghl Low Bid Amalgamated t'oiijier t'o.j 72 American Kuj., c..j 94 American Can, c :!-:!i American Can, pf JIBo'fc American Cotton Oil, e..l 51 Awerlraii Ijoeo,, c 1-ilU'Vi American Pugar. c I' American fSmeM, e. .... 7H,(, 711 Vi 64 v, 40 72 14 f4 125', BOM, Jli -Ss r4 12514 ..1 "Mi :to !! Anaconda Mining Co.... H7V, HTSi 1IT4 H7 Vi, Atchison, e. ,. ...1103 103 H 10!! MtV AtflilBoit, pf , Baltimore b Ohio, c... Beet Sugar Brooklyu Rapid Transit Canadian Pacific, c 102 i' 102 102 IK H7V4 111 2:ni'-s,liv, 2:v, Central Leather, c... Chi. k 0. W., c Chi. ft G. W., pf )H 25il 211 . 1 lll'i III', C, M. & St. P. III" iii'i in, niw C. t X. W., c CbeKaprakn & Ohio... ColoriHlo V. & I., c... (kinsolidated Uas... Com Products, Itenvcr & It. 0., c... Denver & K. pf... Erie, c Krle, 2d pf Krle, 1st f tieneral Electric G. Northern, ore lauds. G. Northern, pf 7S m WW 13 20 'si" 'is l.ie 77 110 1.17 15 2014 iji" 'is" 77 IH1V4 JI17V, in . . . . f 4 31' 1117 15 20 !I7 .'tl : 4N 141 : 12I'4 48 48 t 89, .112!) asti I2S ! Illinois Ceutral ' Int. Hsrvesiei- 12s vi 11:114 194 e;i!4 11 2!4 urn urn 27 im 41(4 r.2. 17 107 : Int. Metropolilsu, Int. Metropolitan, ll'4 :iA Ittlli 2 i;w" 27 41'' 82 '4 17' 107 is 11:1 Mi ii 2(1 i.w" 27 41 14 52H ITT, pf.. Lehlgti valley Kansas City Southern. . . Louisville Nashrllle. . M St. P. . S. Si.... M., K. & T., M., K. k T., pf Missouri Pnriflc National lA-ad Nesada Consolidated.... New Vork ''Central N-. Y., O. ft W. ........ Norfolk & Western, c.. Northern Pacific, c. . . . I. M. S. S. Co Pennsylvania Hallway.. Heading, e. Keadtug, 2d pf Heading, 1M pf Republic I. & S., e. ... Hepubllc I. & S., pf . . Ko-k Ilsnd, I- Keck Island, pf Ktl L. k S. V.. 2d pf.... Southern Pacific, v..... Kouthern Railway, c..,. Southern lialhvnv, pf... Texas & Pacific T., St. I.. .W., c. ... Cnlon Pacific, c. Vnloti Pacific. lf C. S. Kilbber, r V. 8. Steel Co., c V. S. Steel Co., pf..... Ctah Copper - Virginia Chemical Wabash, c. 102 I!!t 27 W '4i4 r2'a 17?h 108 iiiiiU 10714 1414 !HJ4 1W llttttUH'Vi ss 1120 120 15' 'iV). S7 43 s6v' iaoii "oiiii 120 10S 01 IMVl 27 X7 J IT 27'i lo4 27 S0 20 1214 11 sn4 7t, MS ltw'4 ."34 34 1214 7214 7U 47 1U5 iSH if"Ji S7 j S74i Jip 24 4:! 41 'mi 1 isi'is lost; KM? tisiti lOSIllltjVj 4 oavs wariinii, pr.. is-'j !2i 72 H 7.1 nil 32Vj 72i 711 52 W. . V. Telegraph r.t 1ZV4 Weatlughouse Klcctric . i-i Wlscon-tln Cenlral, . . .t yt.C' - Total sales KO.Wsj auiareaT NORTHWEST BANK STATEMENT PORTLAND BANKS. Clearings Saturday . Friday -Thursday ,. Wednesday Tuesday . . . Monday . , . Week tnis week. ..tl.73,fa.2Y Year ago. $l,434,89:Uf : 1,698.099.44 1,689,486.84 1.891.609.6S 1.901, 158.78 2.255,387,46 10.681.614.)8 , . , .1,014,609,79 . ...1,017,438.90 ., 1,67.X44.(I8 . , 1,801,99.66 .. 1,925,494.23 ,.10,380.825.9 ; Seattle Banks. $1,628,329.00. 9144.32S.00. Clearings Balances Money and Exchange. London, Keb. 8. Consols 74 11-li. Bank rate 5 per cent. New York, Feb. Si Sterling; exchange long 4.8. Sterling exchange short 4.88 . San Francisco, Feb. 8. sterling ex change HO days 4.82. Sight 4.87. Doc. 4.82 1. Transfers teleg. 4 per cent prem ium. Kight 2 per cent premium. Xew York Cotton Market. Open. High. Low. 1164 1164 1164 1245 1247 1241 1226 1231 1223 1228 1225'1218 1206 1206 1303 Close. 1165nll66 1 246 W 1217 1230ftmt li24vl225 1207W1209 U72lpll74 1165&II1166 U5W 1167 .Ian. Mar. May July Aug. Sept. Oct. .- . Dev. 1165 1166 1161 1164 1164 1164 t Today's Metal Market." New York. Feb, 8.- -Metal prices : Cop perLake 14 bid. ' Bsr silver. New -York 62'4c, Iondon !Sd. ' ,- - Lead 4.25i4.3S. ' . - , dpellei'i 4.i'i 4 4.6 j.. Journal Want Ads trlng results, , FOREIGN POLITICS HOLD LACK OF OUTLET IS E OF A LOWER PRICE IN HOG TRADE Failure to F.llinlnato Competition of Kastern Provisions Is Having Its Effect Upon Price of Livestock in the -Local Yards. IN THS STOCSTASD8. Voxth Portland Hoiral staadTi tons. 87.B0J cattle and sheep, steady, OhJcaro Hotra. Bo tn Ina hl-rhavi tonS. 48.03; cattle and sheep, steady, Kansas City Hogs, 10c higUeri tops, 97.9S; cattle ana sheep, firm. - ','','.,'- ' '-' " '' ' :. '",,''-. i-,.'t;l-; Bouts Omaha Hogg, 100 higher j tops, 97.73; no cattle and sheep offered. PORTLAND LIVESTOCK RUN. ' - UogSi Cattle. Calves. Sheep. Saturday ,,..197 -463 .. 297 Friday 372 245 " .. '. . . . Thursday 488 7011 6 2237 Wednesday ,. 522 128 1' 480 Tuesday ..... 181 82 1 737 Monduy . . . . .1989 262 . S 2168 Week ag4 307 5 ,., 816 Year ago .. .. 219 ... 60 2 years ago . . ... '' 150 ... .... racifio northwest hog producers are begliinlug to feel the lack of a suitable outlet for swlno products. Killers are so full of hogs that 1 ne y aro not able to take hold -of shipments coming for ward except at extremely low prices. While no hogs sold this morning beyond $7.45, it Is believed that $7.00 could still be realised for extreme' quality. Kven this pclee would make North Portlsnd by far tho lowest swine market in the entire country, a londltlmi that is mtieli out of line Willi that usually shown In the local yards, Kven the Missouri river market that formerly furnished hundreds of carloads of swine to Psclfle northwest puckers each season, and which was then from ibu to 11.10 per hundreds-pounds lower than North Portland, is actually show ing liberal sales at an advance of 2So over extreme quotution noted here. Other markets are beyond that. At Chicago there was a firmer tone In the hog trade for the day with an advaneo of 66 to lOo over yesterday. All previous records for tho season wern broken there this morning when tops went to 18.05. Run for the day was 13,000, compared with 22,000 a year ago. Kansas City hog market was up a dime above yesterday with extreme tops at 17.96 tltis morning. The-Kaw river yards showed a run of 1600 head for the dny. 8011th Omaha hogs advanced to $7.76 this morning, prices being a dime above those quoted yesterdsy. IIok shippers today: J. !. Jackson, Houset, Wash., 1 load; C. E. Luckey, Canhy, 1 load. North Portland hog market rsnge: Best light $7.60 Medium light 7.4 Best heavy :. ......... 7.45 Rough and heavy . ., .- 6.60 Buy Cattle tn California. Eighteen loads of cattle came forward from California direct to local killers today. Tliere were no cattle arrivals in the yards today outside of the direct shipments, therefore the market can be considered nominal at previous prices. Cattle shippers today; C, T. Carpen ter, tilsson, CbI., 3 loads) George Farmer, 2 loads; Halle Bowman, 2 loads; J. C. Mitchell, Gazelle, Cal 11 loads. At. Chicago there was a steady tone in' the cattle trade, with no change, in prices. ' ' Kansas City cattle nwrket was firm CAUS FIRST NATIONAL BANK CAPITAL $1,500,000 ' SURPLUS $900,0d0 OLDEST NATIONAL BANK WEST OF THE ROCKY MOUNTAINS tadd&TiltAOhBalk; ESTABLISHED 1859 Capital Stock. - - $1,000,000.00 - Surplus and Undivided. Prof iU $1,000,000.00 COMMERCIAL AND SAVINGS ACCOUNTS Letters of credit, drafts and travelers' checks issued, available in all parts of the world. Corner Third and Washington Streets SYNOPSIS OS THB AJTlffUAI. BTATBMEHT OP THE BANKERS RESERVE LIFE COMPANY OF OMAHA IN THK STATE OP NEBRASKA, On th 31st. day of Decmnbpr, 1912, nit; Diaic ui virfiuu, fuiBuaju tu law. , . CAFITAZh Amount of capital stock paid up.,... 100,000.00 ... .. - - " ZWCOMS. - Premiums received during the year..... JJ1,122,S-11. 42 Interest, dividends, and rents received during the year 166,890.40 Income from other sources received during the year, .. l,l?6.24 Total income ..... '. ............ ( DISBTTBSEMEKTS. Paid for losses, endowments, annuities and surrender values ....!..$ 25J.250.25 Dividends paid to policy holders during the year.,,...- 120,812.2k Dividends paid on capital stock during be year...... 10,000.00 Commissions and salaries, paid during the year 224,864.71 Taxes, licenses, and fees paid during the year 22,786.80 Amount of all other expenditures. t. ....,.,.. 93,978.87 Total expenditures , ASSETS ' ,;K U; .' Market value of bonds owned.. Loans on mortgages.....,.;.....,,..,, Premium notes and policy loans. ,. ............. Cash, in banks and on hand : Net uncollected and deferred premiums Other assets (net) . ... ..';-.,. ... .. Total assets Total assets admitted in Oregon,.,. UABIUTZXS. Net, reserve s . i H . . . . Total policy claims .................. .... . All other liabilities., , ... i . , . Total liabilities exclusive of capital Total insurance in force December 31. BUSINESS IN OBEO01C TOB THS TEA3L Total risks written during the year. ...,,i4 tJross premiums received during tne-yar . .. ( . ,i . . VV- ' -'..; Losses pti Ul during the year. .-....,.,.... i , i. itinnri iiivui i t-u uumms 111 3 -n 1 . , . . . . Total amount of risks outstanding in JHEJJANKERS--RESERVE4JFE-C0MPANV. 43tatitory general agent and attorney ' . . . at umiinnned prices.- Hmitli uiuuha lnni no coltlii offerings toiJuV. North Portland cattle range: lleavv feed 4eeru I7.T&W7.80 Choice steers ; 7.63 common steers 1 . ... . v, . ' 7.6" Spayed heifers t ............ . " -0 Fancy rows . ..1 , t , , , , :, ,T,.v 7.00(W7.26 Ordinary light cows..,. .. . ,6O40. Fancy light calves.,,.; , . ;,;. a .' Heavy calves ,. . .... , ;'. -00.6ir Best bulls ..,..,T...;,.. OMllnarK bulls ., . . . ,-. 4.60 & 5-Bu ' . Ons Load of Sheep. Only one load entered the market at North Portland for the lay. It was of ordinary quality, therefore no test Was glve to top, stuff In the yards during the day. ,.' ' " ,',;'' At Chicago there ws a' steady tone In . the sheep . trade, with prices un thansed ,'-,'! ';---'"' ': '' Kansas C'ty sheep trstle was firm. No sheep arrived at Pouth Omaha to day. . '-.,''. '';i North Portland sheep values: Best Brain fed lambs. ......$ 7.25 Ordinary lamlis ............ 7.0007.16 Best yearlings , . ...... Ordinary yearlings .,. .Bitrg.l Old wethers f.JOWS.H Fancy ewes .. .,.,.(,.,...... -29StS? Ordinary eows ... ... . - . . 1 . . .4.76 4.85 Baturdsy Morning Bli, ttlS Barer, ,Ne. Are. II. rjlee. fnlci Meit Co." 1 ' ' 1100$ ' Knnk I Hoiim '.; W. . Frank U guiltli '..10 ; 1-7 '. 7.8s Kr.i.k U Smith 3 o ( '6.80 CHICAGO HOGS REACH $8.05 -V--",",:,::' "'-'.'' Market Advances & to 10 Cents . Again; Other IJnea Steady. Chi'ago, Feb. 8. Hogs 13,000: year ago. 22,000: left over, 2400 Market, 6c to lOe higher Mixed and butchers, 17.7H&8.06; good end -'."?'. t$7. J.02H: rough sn4 heavy, $7.667.80; llgTtt, $7.808.05.s Cattle 400; market, steady. Bhcep 1500; market, steady. KANSAS ; CITY jlOiJS $7.75 Dime Is Addetl lo romier Value; Cattle Trade If Flrni. ---.', 'Kansas City. Feb. 8, Hons 1500; market, 10c higher. Tops, $7.96. , Cattle 400; market, firm. Bheep none. . .--.:. OMAHA HOGS AT $7.75 Further Advance of Dime Forced in ' Missouri Klver Yards. South Omaha. Feb.' 8. Cattle none. Hogs 8820; market 10c higher at $7.66t7.76. (Sheep None. - San Francisco Grain Calls. San Francisco, Feb. 8. Grain calls: BARLKY. Own. HI ah. T.ow. Close, May ...... .12814 128i 1284:. 128H Dee. .,....1284 128, 128 U j 128 V4 Wife of Belmont's Heir Sues. ' (Cnlted Press 'iMied W1r. New York. Feb. 8. Claiming she re ceived but- $60 for her support since their' honeymoon In November,' 1912, Mrs. Ethel Lorraine Belmont has filed divorce papers against Raymond Bel mont, heir of August Belmont, here to day. Mrs. Belmont is a former chorus girl. Young' Belmont is supposed to be on a hunting trip in South Caro lina. ..- . S. P. Chief Surgeon Here. Dr. F. K. Alnsworth, chief surgeon of the Southern Pacific company, Is In the city today on a tour of inspection. He arrived here this morning In his hospital car, which carries nurses and a large assortment of equipment for the proper handling ot emergency cases,-The car Is at the yards of the Northern Pacific Terminal company. ; -,. made to the Insurance Commissioner f ....... .V;. ... ... .fM,290,20S.06 t 724,693.1 . . .$1,971,654.24 . . .- 888.00O.0O .... 682,098.27 ... . 107.744.82 . .. , 20,154.09" ,v 32,664.75 S,702.215.67 . .2.890,165.V 19,000.00 .. 693,050.67 13. 702,2 S, 81. ,vj !,'-v: stock -, 1912 ... ..$- 100.000.00 X 3. 602.315. 267,351. 42,32, 105,873, 13.0110. 67 89 J30, 001 10 o 00 so . , . . .-, . . . . . ... . . .- . . , . . ... '-. ''-. Oregon December' 3i I31S; v-$2, Ift.BAO. '09,289. for service: . "'--' - F, 1L WHITFIELD. U'Liiln". r,WIITOC:ilil Calif ornfahs to Tramp to S: ramcnto and Lobby fcr 'Right to Work" Bill. (United Pimi r.nid Vtr SarramentO, t'al., Feb, 8, Two vet. r ans in the line of providing demons 1 1 Hons of unemployed men are compcti In the gathering of armies of uuen ployed to march on Sacramento ami pe tition tne California lcglslaturn fur t lief. The marshals are Carl Browne, a lieutenant In Coxey's army when t he march', was', .made-to Woshlngton, uu ! "Uougli-Neck" Teasdale. Browne has a rlght-toiwork. tiill he fore the legislature, the first paragraph of which reads: 1 ;'"- hTo eat, to work and io be ret om pensed for .enforced Idleness Is herein declared to be the inalienable right of every man, woman and child in this state."' . if 1 VA.-'-.-Cvi-.-.:'-, v'-':'.' Teasduie's bill, whicii has been Intro duced, provides that the state shall Issue $20,000,000 in scrip, non-interest bearing, which shall be used in em ploying the unemployed In building pub lic roads, " .. ,.v -:'. Browne has announced that lila army will leave San Francisco Sunday. Feb ruary 16, and will march to Sacramento. He will give out, food for the march. CORPORATION TAX HELD (United l'rei faitru Wlre-V San Francisco, Feb. 8. Frank B. Kol logg of St. Paul, once known to fame as tho "government trust buster," suf fered a setback In his new activities an a' corporation lawyer today when Su perior Judge Sturtevant det:lded againii his client, the Pullman Paluee Car com pany. In an effort to dodge the. Cali fornia corporation tal i'v With the Pnltman; company, the Pa cific Gas & Electric company, the Bittu of California and 57 other corporation attacked the state law permitting the taxation of foreign and domestic corpo ration franchises. '-, ' The corporations contended that ttcir gross earnings, instead of their, inter state business was assessed, but Jtulg.; Sturtevant upheld; the California law in every Instance. ', " 1 Funeral of Rentha Ralley. Funeral services for Reatha Naitm' Bailey, 4 year old daughter of .Mr. 'ami Mrs. Alex Bailey, of 801 Minnesota ave nue, who died Thursday night of scarlet fever, were held yesterday. - Interment was in the Rose City cemetery. Owim.' to the fact that he house was still under quarantine, po services could e In. I ! there. V Rev. O. W. Westling. pastor of the Swedish M. E, eliurch, of fldatea at the services at the grave. . Journal Want Ads bring results. Produce Shippers I VVaroiragjE We are large Independent dealers in veal.- hogs, poultry, eKgs, lniles, not lelonging to any trust, combina tion or association, and assure ship pers market price and check by-return mall. irrespective of what other firms may be doing.' , Try shipping us. F. II. SCIIMALZ & CO. raid-vp Capital $10,000. 141-143 Front St., Portland, Oregon. The street pavement h a most important factor in the upbuild ing of cities BARBER ASPHALT has, in every progres. sive city through out the country, and under; the most ex acting tests, demon strated its durability and economy. , . TBAjrSPOTATI0W. , V. X PRKSa STEAM E'RS FOIt San Francisco and Los And : . -k WITHOUT Ul ANti 15 SS BOSS City Sails 4 p. in., February 1 The 8n Tranoisco as forusnd . b. Tioket Offloe 3d and Wash, (with u . B. B M. Co.) Marshall 4500, a-g i n. SAN 1-KANUSCO, JLOS XSUl I ! North Pacific S; S. Co. C S. KOAXOKE and S. S.-UA)i gall Kre'r Wednesday, ' sltrnstnl, ut e v Ticket i office 1W-A Third St., ric.ir A . ., . phones Mult) lr.lej A -1311. ' MAUTI.V . tllSt.Sy. torn. ARnt. ' -: W. H, SUPHSKB. t'fl.-lit A.-i-t COOti BAYLir - Steamer Drca';v; '. tr Balis' ft-m Aiiwwrtti: -lt lfriiM. . ui., Nevewbrr W, i.Mrfn-r - d.T MHlllS- St S U, IB. A'l'lifi.l , tU.U-MliUwl 1, ...la . .. Cl 10, tfruuil iu.m fi, i...... wtnUi Tk'kt nt't : ft Ah. - h ,, j lua k t' Uy &li!liiUlp ti-.r. I, ... lug, As-iiU VALID BY STURTEVAUT