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ir
lb
THE OREGON DAILY JOURNAL, PORTLAND
WEDNESDAY EVENING, OCTOBER 28, 1914.
II 1RPDAI INP.RFASF IN PROni IP.TION OF TURKFYS: IN'THF NORTHWEST
CITY WILL LOOK TO
LOCAL BUSINESS NEWS
EGG
MARKET
HAS
FURTHER
STOCKS ARE
ADVANCE
SLIGHTLY IMPROVED
IS
SCARC
E
'As High m 42 He Ver Dozen Ob
talned in a Limited Way for Se
lected Fresh Offerings; Market
Is About Same as a Year Ago.
Heavy Hens and Light Springs In
Greater Call With Premium Be
ing Paid; Others Are Cleaning
Up Better at Former Prices.
Fresh egg were, never bo scarce at
.his time of the reason In the Port
land market id today. Buyers for the
wholesale trade are offering from 3bc
to 40c a dozen for country supplies,
while In a limited way sales of se
lected ranch stock are reported here
at 4 2 "Ac a dozen. On this day a year
1 uea rriorta Indicated an extreme
hortajre of eKKS with the highest
price reported on the street at 43c a
dozen. On October 30. lis. me wnoie
kula rvrica advanced to 46c a dozen.
The ess market this season to date
Is verv much line that of a year ago
so far as strictly fresh stock. Is con
cerned. Portland egg prices aro uu
1 the lowest on the coast for best qual-
lty, but the outlook Is seemingly for
u further advance here.
. While It would not take extreme
supplies to fill the wants of this
limited trade at high prices, still there
' Is a better demand Uian offerings at
the moment.
Klrst class storage eggs are taking
th dLmm rf the fresh stock In most
InNtances becauae there Is not a suf
ficient supply of the former.
, MEAT MARKKT HOLDS STEADY
Steadier- feeling is shown generally
In the market tor country killed meats
along Front street. Kales of best
veals are reported at 12c with fancy
flroHxcd bogs at &tt9c a pound gen
erally.
FANCY TOMATOES OS STREET
Carload of very fancy tomatoes has
arrived here from loa Angeles and
vuii offered for sale along the street
Hum morning. The stock was packed
In Iuks and was quoted at Jl-OOijg) 1.-I&,
Northern California, l a lug.
LAST CONCORDS ARE ARRIVING
What are believed to be the last
f'oncord grapes of the season are now
arrivlnar from local points. There was
a fair suddIv this morning. The mar
: ket is holding fairly steady at 1744c
' a basket.
CAULIFLOWER IS LESS ACTIVE
Market for cauliflower Is less ac
tive with quite liberal receipts along
i the street While best is selling in
a limited way af "Fie, the bulk of the
Ka'lca are around f065c a dozen.
OUTSIDE ONIONS IN THE LEAD
With good quality California onions
' being freely offered by tho trade here
' today at 7fo a cental, there is very
little call for the No. 2 local stock
for which dealers are asking the same
price as for best.
HOP MARKET IS QUIET HERE
While a few small sales of hops are
BRnln reported at Willamette valley
i points, principally from 9c to 10c a
pound, the market In general is very
l'Het alt over the country.
continue to ofrer freely.
Growers
SHIPPERS' WEATnER NOTICE
Weathetvbureau sends the following
notice to "Slippers:
Protect shipments as far north as
Kfattle against minimum temperatures
or about 44 degree; northeast to Hpo
Kane, 28 degree; southeast to Bose,
B; degrees; boiiui to Ashland, 45 de
crces. Minimum temperature at Port
land tonight, about is degrees.
JOBBING PRICES OF PORTLAND
ELING
SHOWING
POULTRY
MARKET
TURKEY OUTPUT IS 15
PER GENT MORE THAN
DURING LAST SEASON
Outlook for Supplies In Oregon,
Idaho and Washington Is Very
Good; Held Over Supplies From
1913 Said to Be Heavy.
There is a better feelin'ar in tho
chicken trade although for anything
except heavy hens and small springs,
the improvement is limited.
A few sales of heavy hens have been
made to the Jewish trade as high as
16c a pound. This, however, is really
not the general market for hens be
cause that class of trade demands ex
traordinary quality. Of this the show
ing is perhaps only 6 per cent of the
loiai cmcaen orrerings. other hens
are commanding 14c more readily than
a few days ago.
There were somewhat more liberal
receipts of chickens In the Front street
trade this morning. The bulk of the
arrivals consist of large springs and
light hens and while these are gradual
ly cleaning un nt niiotatlona : t h o mar
ket is not as brisk as if arrivals werej
inosuy neavy nens. i
mere are quite fair receipts, of ducks
but the call is limited at former rrlces.
Geese are arriving very slowly but
there is practically no established de
mand ror tnem at the moment.
box;
17
x; peas, 10c; sprouts, 8(gSc pound.
ONIONS Local, F6c; California, 75c; garlic.
Potatoes seiiine- Drir. run chow
ti.uii.u per cental; sweets, SZ.OU.
Hopi, Wool and Hides.
HOPS Buying price. choice. 10ffl!10"Ae:
?rinie, 8&Uc; medium to prima. Be; medium,
88c .pound.
CHITTIM OR CASCARA BARK Car lota.
c; ipbs am car 10m, 40.
MOHAIR 1914 27 27 Wc
WOOL Nominal. 1914 cIId: Willsmtt 1.
ley coarae uotxwoia, medium Shrou-
sblre, ls'icf choice faun lobs. lOsrOe lb.:
eustern Oregoo, litZOc; according to shrink
age.
HIDES Dry hides. 25c lb.; green, 12n:
aalted hides, 13c: bulla, green salt. 9c: kIds
1314c; calves, dry. 25c; calf skins aalted
or green, 1Hi&20c; green hldea, Jc less than
aalted; aoeep peits, malted, abearlnga, 104J
B6c; dry, 10c.
TALLOW No. 1. 414Q4-4c: No. 2. 4Q
iliac; eec, jyj(u;-tc.
Meats. Fish and ProTlsiona.
DRESSKD MEATS Sellliia- Drtce ConntrT
muru, uuj, iiucj. ojiuc; orainary, 8c
rotten and heay, l&7M,c: fancy Teala HUfi
12c: ordinary. lOfalOVic: boot, lain,-: mmin
8gc; spring lambs, 10c.
hamji, BAUON. tin;. Ha ma, 17V621c;
oreHsiui oacon, ui&ouc; DO ilea nam, ac
picnics. 14c; cottage. UWc.
WBAin 1-acKing Douse steera. No. 1 atock,
12c: cowa. No. 1 stock. 11c: ewes. 10c: weth.
era, lljc; lambs, Uc; pork loins, 18c;
dressed Imga, 12c.
OlSi'fciiis oijmpia, per gallon, $3.75;
canned eastern, ooc can; o.ao aozen; eaxtern.
in aneu, i.iuiy.uu per iw; raaor clama,
Z.(HJa.2.2S box; eastern oyctera, per gallon,
solid pack, J.60a3.75.
flan ureasea uounaers, yc; cm nook sal
mon. Ba8-; allrer aide, dc; perch, tuaHc lb.:
lobsters, 25c lb.; silver smelt, 8c; salmon
trout, iSc, bailout, s.lOc pound.
laud nerces, liftc; compound, tlercea.
lie. .- -
CRABS Large, $1.50; medium. 11.00 i
Orooeiiea,
SUGAR Cube. $6.95; powdered, $3.80: trait
o- berry, So.tiO; beet, 0.40; drj- granulated.
$0.00; O yellow, $5.90. tAbore quotations are
M dja net caiih.)
KICK Japan fct.vie. No. l, 55c; New
oneaua, neaa, iitjic; creoie, oc.
UONK1 New, .,z3(a3.DO per case.
BEANS Small white, VjC; large white,
SVe; pink, &c; 11 mas, 8c; bajoo, 6c. red,
7V4C.
SALT Coarse, half grounds, 100s, Jio per
ton; oua, tu.io; laoie unirj, oua lt; 108,
S17.50: bales. S2.25: extra fine barrels. 2s.
us and 10a, $5.5(6.00; lamp rock. S2.50 per
ion.
Faints and Oils.
LINSEED OIL Raw bbls., 67c per gal.;
kettle boiled, - bbls., 69c; raw, cases, 72c;
boiled cases. 74c gal. ; lots of 250 gallona, lc
leas; oli cake meal, $44 per ton.
WHITE LEAD Ton loU, 7c per lb.; BOO
lb. lots, 7c per lb.; less lota, 8c per lb.
OIL MEAL Carload lota, $34.
TURPENTINES In cases, 67c; tanks, 60c
per gallon.
COAL OIL Water white on drama, and
iron barrels, 10c
Edited by Hyman II. Cohen.
LIVESTOCK
MARKET IS
STEADY TODAY WITH
SMALL RUN IN YARDS
Top Hogs Again Sell at $6.90 at
North Portland With limited
Supply Available; Both Cattle
and Sheep Are Holding Steady.
WEST PRICES
ON WHEAT ADVANCED
FASTER THAN ABROAD
Values Here at This Time Are on
Speculative Basis; Actual Sales
of Cargoes Made Lower Than the
Price in the Country Districts
Special reports received by The
Journal from various sections of Ore
gon, Idaho and Washington indicate
that the production of turkeys In tne
Pacific northwest la conservatively
EDeaklnsr 15 Der cent greater than a
year ago.
The extreme dry period this season
thrnnchnnf tho northwest States IS
said to have been a wonderful aid to
the turkey crop. Fewer birds died in
infancy than usual according to the
reports and the weather has been such
that the birds are toaay m Deiter eim:
for the holiday trade than for many
years. . ,
Buyers are already in?aauig vim
country for supplies aitnougn vo
movement Is by no means general. It
is stated that a local branch of a
big eastern meat concern has pur
chased heavily In Idaho sections this
season and these birds will be mar
keted at Portland and Seattle.
According to a report by the Pactfie
Coast Packer, published at Los An
geles, Swift & Co. are auegea io
big holdings of last year's turkeys, it
Is stated that packing Interests have
more holdover stocks of turkeys from
last year than for many seasons. Ke-
Borts rrom various poruuua .
nlted States Indicate that, the output
Is greater than normal thla season.
Chicago Wheat Has
Weakness at Ulose
Chicago, Oct. 28. Wheat closed
71. inn'or Tho tone of the trade
changed this morning to bullish, and
osi there was considerable short Inter
est and as the big export houses were on
the buying side of December at the
outset, the market moved "P briskly.
Since the strong swell it has been a
hesitating trade, with frequent sort
spots. Duluth reported the big houses
in a scramble for durum wheat at
higher prices, the southwest report
bids of last night bringing very little
In the way of country offers. Win
nipeg worked 18 loads the first hour
today. Seaboard messages now are
estimating export sales In all positions
at 7fi boatloads. Outside markets axe
weakening with Chicago.
Local receipts in corn dropped to
142 cars. Cash ruled firm and higher.
A few Illinois messages declared that
farmers are In no hurry to contract
new corn at present prices. A La
Salle street leading house was a per
sistent buyer all morning, the cnier
cause of the advance.
Upturn In oats market waa 49c to
49 c for December and 62 c to 53c
forMay. Export houses were the pest
buyers of December early. Overnight
business reported from Baltimore. The
present action of the market Is disap
pointing. Range of Chicago prices furnished
by Overbeck & Cooke company, 216
217 Board of Trade building:
WHEAT.
Month Open. Hlftb .
Doc l'4 i-"?9
.. 1.19 '4 1.20i
CORN.
PORTLAND LIVESTOCK RUN.
Hogs. (
Wednesday 540
ineaaar ....... . 845
Monday ....... .....2673
Saturday 532
Friday 1294
Thursday ....... 895
ween ago ..........1174
1 ear aro . . 777
Two years ago ...... 887
xnree years ago .... 202
Cattle. Calres. Sheep.
5 . . 670
260 . . 51
1295 8 1007
230 " 308
170 2 1713
3 .. 300
857 4
4S1 3 606
84 172 1242
WHEAT CARGOES EASIER.
London, Oct. 2S. Wheat cargoes on passage
easier.
May
NORTHWEST BANK STATEMENT
These prices are those at which wholesalers
I sell to retailers. eient as otherwise stated
' ISUTTKR Nominal Willamette ralley cream
. ery, cubes, selling price, 2!)'t.'Mc; state prints
w'hjzc; rancn miner, isjuc; city cream
ery, case lots, 34 Vic; less tLsn case lots, c
jo. erira.
RKTTKH FAT Nn 1. Portlinil illlnr
! BJC.
KCJfiS Nearby, freshly Battered. 40ft 42V,
I candled, local extras, white, 40c; case connt.
I I eying f. o. b. Portland, 38c; saateru, "fresh,"
r,8Tc; Chinese, 18r dos.
LIVE POULTRY Hens, 14c; broilers,
13tl4e; ducks, Pekln. Il(gl2c; colored, 10c;
i turkeys, lSffiplBc: dressed ( ); plceons, fl
; ajrl 25; aquaha. 2.&iU2.40 dozen; geese, 10c.
. JACK RABBITS Kancy dressed, 1.50d
I 1.75 doaen.
1 C11KK.SK Nominal. Fresh Oregon, fancy fnll
cream twins snd triplets, liVafllOc; YouDg
America, 16Hittl7c.
Fruit and Vegetables.
FRESH ruUIT oranges, $2.75a3-23; ba
TstiHS, ayfei'C-W lb.; lemons. .' (.; limes,
1.00 per 1)0; arapefmlt. S4.50ACO per cae:
' ptneupples, 7c pound; cantaloupes, $l1.23;
. watermelons, 00c(1.00; caaabsa. 1.00 crate;
(peers. 75c((i$1.50; ToLay, grapes, $1 crate;
Concords, 17 J4c "basket.
AITLKH Local, &uc(tf$l.no box, sccordlng
to quality.
VEGETABLES Turnips, $1.25; beeU, $li0';
carrots. $1.25; parsnips, $Ual.25 sack; cab
lag', 73c1.00; tomatoes. California. $1.00
, ir lug; local, 40c l.er box'; green onions, 10
' At 15c per docen bunches; pepper, bell. 4(0
I bVjc; head lettuce, 7."c dozen; celery, B0(Soc
, dfcn; egf plant, 7c; cauliflower, 40(.2.7Cc
1 dsen. French artichokes, OOCnUOc dozen;- string
l-rana, 66870; cucumliers. hotboase 40c; ont
1 door, 20(g2Sc dozen; green corn. 75e,'d'll sack:
1 cranberries, eastern. $srrfS.r0,bbl.. local. $3.50
Clearing
Wednesday Tuesday ......
Monday ......
Week "to date.
Clearings
Portland Banks.
This week.
$1,627,274.55
1,954.963.74
l,80O,3oj.l0
Tear ago.
$1,885,175.53
2.258,892.81
2,515.013. 10
$5,382,544.39 $6,659,081.44
Seattle Banks.
TRANSPORTATION
.$1,857,057.00
Balances 238.773.o0
San Francisco Grain Market.
San Francisco, Oct. 28. Barley calls:
Oct. 28. Oct. 27.
Open. Oloae. Close.
December ...1.16Vi $1.16i $1.16
May 1.24 1.24 1.24
Dec.
May
Dec.
May
Jan.
May
70a,
.49
.52
. .$18.05
.. 19.12
Oct. ..... 10.85
Jan 0.90
Not 10.47
Cct.
Jan.
8.82
OATS.
.404
.53
PORK.
$19.00
19.22
LARD.
10.75
9.87
10.72
RIBS.
" 9.85
Low. Close.
$1.13 $1-13 B
1.19 1.19 B
.674 -674 A
.70 .70 A
.4S .48 B
.52 .52 A
$18.92 $18.95 A
19.12 19-10
10.62 10.67 A
9.90 8.90 B
10.47 10.62 B
10.12 A
9.80 9.80 A
There was another small run of
livestock in the local yards over night
at North Portland, with practically
no change in the general price or
marketing situation.
Hogs again sold at $6.90 for tops
in the yards this morning, with only
a limited run in sight. The showing
toaay was leas than half of that of
this same day a week aero.
It begins to look as If a large per
centage of the hogs has been liqui
dated, and for that reason there seems
to be a steadier trend In the trade
approacning.
At Chicago there waa a firmer tone
for hogs today, with an advance of
6o to 10c in the nrice. Tons. 1 7.70.
Kansas City hog market was strong
with an advance of a dime. Tops were
selling at $7.60.
Omaha hogs were lifted 10c, with
wps ai .zo m yards.
General hog market:
Best light 6.90
Medium light 6.806.S5
Good and heavy 6.76
Rough and heavy 6.00 6.25
Cattle Market Holding.
Only a handful of cattle arrived on
the market overnight at North Port
land, but some held over stuff was
sold and -commanded former prices
with easier feelinsr. Feeline In the
cattle trade Is one of steadiness at
this time.
At Chicaeo ther was a nteadv tonei
m ine came trade ror tne day.
jansas city cattle market waa
strong at former prices.
uraana cattle market ruled strong
to xoc mgner.
General cattle market range:
belected steers . $7.00a7.1S
Good to prime 6.75g6.90
Good to choice 6.65
ordinary to fair ... . 6.75 6.25
JtJest cows . . . 6.85 6.00
Good to prime .... 6.75Q5.85
Ordinary 5.25 5. 50
selected calves 8.00
Fancy bulls 4.604.75
Ordinary 4.0004.25
Iambi Sell at $6,
There was a small showing of mut
ton in the yards at the opening: of the
day's trade. Lambs again sold at $6
lor good duality with the bulk of the
anipments in this line.
At Chicago there was a stronger
ions in me mutton trade with values
iuc to ipe better.
nansaa ixy mutton market was
strong witn an advance of a dime.
Omaha mutton market was strong.
lu'tfiac nigner.
General mutton market:
Best yearlings $5.405.B0
Old wethers 5.255.50
Best ewe8 4.354.50
Best east mountain lambs. . 6.00
Valley light young lambs.. 5.655.f5
Heavy spring lambs 5.00 5.50
Today's livestock Shippers.
Hogs J. D. Dinsmore, West Sclo 1
uucti iu union Meat company
w. ijiDSon, ilalsey, 1 load; W. H
AilocK, McCoy. 1 load; D. P. Ketchum
ouu, a. ne uaues, l load; Bam Glover
ouaiii&u, a ioaa.
bneep and Lambs G. D. Burdlct.
Mixed Stuff P. G. Kopplin. Plain
view, 1 load cattle and hogs; Red
iiiuna jjumDer company, Redmond,
load cattle and hogs.
Tuesday Afternoon Sales.
BIKERS.
No.
Cash prlcea: Wheat. Walla Walla, $1.82
1.85: ted Russian. $1.80(3:1.85: Turker red.
$1.85jil.90: bluestem, 1. 901.95.
Feed barley, $1.101.12.
White oats. $1.50(1.55.
Bran, $25.00; middlings,
shorts, $2&.O026X)0.
$30.0031.00;
San Francisco
Z.OB AITOELXS AND SAN SXSOO
SS. YUCATAN
BAILS WEDNESDAY, 0CT0BEX. ZS.
HOBTH PACIFIC STEAJCSHXF CO.
Ticket Office I rreight Office
122A 3d Bt, Foot Korthrnp Bt
Main 1314 A1314 Main 6203 A-5422
San Francisco Dairy Produce.
San Francisco, Oct. 28. Eggs, extras, 62c;
pallets, 45c; California storage, extras, 30c.
Butter, extras, 29c; prime,. firsts, 28c; firsts,
2&c; seconds, 24c.
Cheese, California fancy. 17c; firsts, 12c;
seconds, 10c
Seattle Dairy Produce.
Seattle. Wash.. Oct. 28. Eggs, fresh ranch.
&0(g53c; fresh eastern, 35 (3 40c; orientals, 18c.
Butter, local cubes, 84c; bricks, 85c; Ore
gon cubes, 32(3 33c.
Cheese, Wisconsin, 19c; Washington, 17c
(ft IOC.
Chicago Mutton Higher.
Chicago, Oct. 28 Hogs, 24,000; market 5
to 10c higher; light, $7.057.60; mixed, $7.10
7.70; heavy, $7-0&7.6o; rough, $7.05
7.20.
Cattle, 18,000; market steady.
Sheep, 24,000; market 10 to 15c higher.
Kansas City Mutton Up.
Kansas Clfy, Mo., Oct. 28. Hogs, 12,000;
market, 10c higher; tops, $7.60.
Cattle, 12.000; market strong.
Sheep, 14,000; market 10c higher.
Omaha Sheep Higher.
South Omaha, Neb.. Oct. 28. Cattle receipts,
4300; market strong to 10c higher; steers,
gfiooff? 10.50: cows and heifers. $5.506.75.
Hogs, 3200; market 10c higher; bulk, $7.00
(7.15; tops. $7.20.
Sheen. 15.00O: market strong. 10 (3 15c high
er; yearlings. $3.85g6.15; wethers. $5.50
5.70; lambs. $7.5O7.80; ewes, 5.ooo.z.
Denver Sheep Higher.
Denver, Colo., Oct. 28. Cattle, 44O0; Inarket
steady; steers, $6.507.25; cows and neirers.
$6.00(0,6.50; etocKers ana reeaers, o.vu9
7.23: calves. J7.50S 10.00.
Hogs, 400; market strong; tops, $7.55; bulk,
$7.4070.
Sheep, 4500; market higher; lamba, $6.50
7.25; ewes, $4.O04.9O. !
Governor Denies
Paper's Statement
Salem, Or., Oct. 28. Governor West
today declared that the Oregonian had
no basis for Its statement that he had
asserted In a recent address at Port
land that Governor T. T. Geer had
pointed out in his annual message to
the legislature that $729,000 of school
money was being loaned to banks by
the state treasurer, who put the Inter
est in his pocket. What Governor
West did say in his address, he main
tains, was that Geer had reported
$729,000 of school funds on hand! Then
Governor West says he went on to
say that Geer had permitted the state
treasurer to loan the money to banks,
collect interest, and put It In his own
pocket.
It was not a prohibitive Interest
rate that kept the state from loaning
the money and getting the benefit for
itself, according to Governor West.
At that time the banks were charging
10 per cent and real estate mortgage
loans were placed at eight per cent.
Section
Oregon Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
Oregon
4
39
5
3
11
1
3
'3
S., P. & S.
OF
FOR REPAIR
DAMAGED
R
E
Work Necessary as Result of
Settling of Sullivan's Gulch
Fill Placed by Road,
LITIGATION MAY FOLLOW
LIVERPOOL WHEAT LOWER.
Liverpool. Oct. 28. Wheat:
uct. Z8.
Open. . Close.
October 8 livid 9s
December ...9s lV.d 9s 2Md
PORTLAND GRAIN RECEIPTS.
-Cars-
Monday ......... 149 17
Tee day CO 16
Wednesday 115 17
xear ago 109 ao
Season to data. .7115 684
xear ago 6950 1200
Wheat.Barley.Flour.Oats. Hay.
9
6
16
7
949
834
13
7
7
8
656
770
9
5
14
44
742
930
Entire Structure Is Floating- in a Bed
of Muck, According to Commis
sioner Sleek.
The Spokane Portland & Seattle
railroad is to be required to repair
damage to the Grand avenue bridge
across Sullivan's gulch, caused by the
settling of a fill placed in the gulch
by the company. Such was the decls-
Conditions in United States Do Not "Warrant
Excuse for Bearishness; Business Outlook Ex
tremely Encouraging. 4 I
WOOL WAREHOUSE -PLAN TO BE
3-
Ion of the council this mornine. Re
pairs to the structure at this time. ! tno United States equals that of Eng
Here Is some very good advice for 1
those chronics who can never see good
in anything. The business situation
in the United States is much y re
sult of sentiment at this time. That
there Is.not the slightest excuse for
bearishness at the present time is the
argument of J. W. Surburg, a New
York business man. Here Is the way
he planes the business and financial
outlook:
"There are $8,480,000,000 of gold
holdings Jn the world.
"In the United States there Is nearly
one quarter of this gold, or $1,879,500,-
000.
"More gold than England and Ger
many together.
'Just think, the natural wealth of
f American-Hawaiian S. S.Co.
MTh Panama Canal Line"
EXFKXS3 FBEIOHT SS&VXCU
Batwaaa
Portland. Hew York, Charleston and.
j . Philadelphia.
5 For Information as to rates, sailings.
i ate, call on or address
C. V. KK.NNEDY, Aerent.
70 Stark Street. Portland. Or.
i
a;
. BIAS-Tor
BAN FRANCISCO
LiOS ANGELES
3P.H, Not. a
Tha Ran Traaeiaoa a Portland R fl ru.
- ' Id sad Washington Bta. (with 0.-w! B ' At
A-6LU.
I .
X. OaO ! Marshall 400.
.'
'. 1
Goos Bay Line
! STEAMSHIP BREAKWATER
, .: galls from Alnsvorth" dock. Portland, a n. m
j ETary Toemday. rretfht and ticket office
wwpr m. iwwwu son, r. a u s. o. B. u,
I.. H. Keattnc. Agent. Pboae Mala 8800. a
r nwa. uitr ucaet since, so nuts atreat. c.
w. Boaaar. Aaeax, roans) MaranaU 4500.
LESS AMERICAN SECURITIES ARE HELD
ABROAD THAN USUAL, WRITES HENRY CLEWS
2
2
30
8
1
3
1
COWS.
Oregrra 3
Oregon 3
Uregon .............. 9
Oregon . 7
Oregon ........ ... 2
Oregon 2
HEIFERS.
Oregon 5
BULLS.
Oregon . 1
CALVES.
Oregon . . . 2
HOGS.
Idaho ................ 90
Idaho ................ 16
Idaho 10
Idaho 49
Oregon 105
Idaho 2
edaeaday Afternooi
COWS.
Section No.
Oregon .......... 1
Oregon ........ 13
Idaho 4
Uregon .............. 4
Oregon' 5
Oregon .. . . 7
Oregon 4
Oregon 2
BULLS.
Idaho . 1
LAMBS.
Oregon 255
Oregon 73
Oregon 147
Oregon 267
WETHERS.
Oregon 1
HOGS.
Oregon 62
Oregon 87
Oregon 8
Oregon 87
Oregon 0
(Oregon 4
By Henry Clews.
New Xork Financier.
Interest continues to center upon
financial readjustment to the war and
the early reopening of the various
stock and commodity exchanges.
Eventa in this direction continue to
make satisfactory progress. Cable
advices Indicate that the reopening
of the London Stock Exchange Is not
far distant, and It is believed that
the moratorium there, -which expires
November 4, will not be renewed.
Prospects for. openlnjj th New York
Exchange should b orraspondingly
improved.
The countrr la nu iMminr
usefulness f a much abused insti
tution. So long as the New York
lLxchanre remains closed, no genuine
.!. v seouni vaiues is possible,
and buyers and sellers alike are de
prived of the advantages of a free
and pen market. Owing to the great
?J5rT,M .mada n meeting a highly
critical situation naturally lessens the
reason why the exchange should not
soon be opened. Of course, there Is a
risk from the so-called dumping of
American stocks on this market This
danger has doubtless been largely ex
aggerated, but has certainly beeo
much diminished by recent adjust
ments, xne percentage 01 American
stocKs neld abroad is very much
smallar than it has been for many
years. The Balkan war Induced a
heavy return of our stocks, and this
movement has continued with more or
less freedom ever since. The largar
proportion of what remains is doubt
less made up of high grade long terra
bonds, such as are not likely to be
sold under any circumstances. More
over, the improved financial condi
tions in London would tend to dis
courage forced sales, especially as
prices nave aireaay aecunea consld
erablv since the war began.
Though not underrating the risks of
reopening tne exenange, it snould be
candidly pointed out that these dan
gers have greatly aiminished, ard
those which remain must be faced.
Such rlsxs coma oe sun further over.
come bv a gradual opening of the mar.
ket; as for instance by initiating a
call for cash only on certain classes
of domestic securities and gradually
admitting International ones later on.
A process of this kind would tend to
establish a. conservative market arrd
also give a valuable indication of the
natural level of security values under
the new conditions.
At. lbs. Price.
1122 $6.75
1200 6.50
104.S 6.50
Hoe 6.50
1185 6.40
tHO 6.35
1223 6.25
10t3 6.25
S25 6.25
1130 6.00
1050 6.00
58 6.00
t5S 6.09
1005 5.75
1250 5.75
AO06 6.50
1040 5.25
1160 5.65
1040 6.65
72 6.60
1212 6.00
lOlo 4.75
930 8.00
114 5.65
1520 $3.00
265 18.00
21C $6.90
132 6.90
265 6.90
190 6.90
S9 6.50
500 6.90
1 Sales.
At. lbs. Price.
1340 $5,50
1174 5.50
12B5 6.50
930 6.0O
H9f 4.50
115S 4.50
1121! 4.25
1070 8.50
1580 $3.00
72 $6.00
73 6.00
71 6.O0
72 6.00
140 $5.25
164 $8.90
184 1 6.90
133 6.90
188 6.9C
206 6.25
315 6.00
While some business Is still reported
In the interior ' for the account of
country milling Interests, wheat busi
ness there is at a standstill so far as
exporting interests are concerned. The
recent sharp advance in the price of
wheat at Pacific northwest points has
not yet been followed by the Europe
an cargo market although the situa
tion abroad is generally in good shape.
it is anown positively that actual
sales of cargoes of wheat have been
made here recently for November de
livery on the basis of $L07V4 per
bushel for club to producers, tidewater
track delivery. Several cents above
this price has actually been paid in
me country, therefore the situation is
at present an unnatural one so far as
exporting business is concerned
xnis snould not be construed to
mean that the trade here is inclined
the bear side but simply that the
price here Has advanced more quickly
in tne nortnwest than abroad. That
the foreign price will go still higher
is the opinion of those in closest
.oun witn tne situation but In th-
meantime, the only business here is
speculative.
parley market is quiet in the in
terior although an advance has re
cently been forced in the ptice. Som
Of the leading ntiti ho... n.i .w
ara,wn from the buying temporarily.
vyv.cii hevo Buying price:
Nominal. No. 1, recleaned, lS14c: or
dinary, llgusc pound; alsike, lie
pound.
truUSelnff Prlc Patent. $5.60;
Willamette valley $5.60; local straight,
$4.60; export straight, $4; cutof, $4.25;
bakers'. $5.406.00.
-rc-!f,AY:?,rew' croP- Producers price:
Willamette valley timothy, fancy.
JU.oO; eastern Oregon-Idaho fancy
timothy. $15.00 15.50; alfalfa, $13.50;
vetch and oats, $9.00 10.00; clover, $8
Per ton.
GRAIN BAGS Nominal; No. 1 Cal
cutta, $8.258.50.
Bids for wheat were weaker gener
ally on the Portland Merchants' Ex
change for the day. Bluestem bids
were down 2c, fortyfold c, red Rus
sian c and red fife lc a bushel. Club
bids showed the only gain for the day,
there being an advance of V-c a bushel
over yesterday.
Oats bids showed considerable weak
ness, with a loss of 75c a ton. while
both grades of barley were down 50c
a ton. Bran bids were 25c a ton lower
with shorts a similar amount higher!
WHEAT.
Wednesday.
Bid. Ask.
Bluestem ...$1.10 $1,121
Fortyfold .. 1.09H I.IO.
Club L07H 1.09
Red Rnsslan. 1.00 1.03
Ked Fife .. 1.01 1.05
OATS.
$27.50 ....
BARLEY.
$22.00 $23.10 $22.50
22.50 24.50 23.00
MILLSTTJFFS.
B $21.25 $22.50 $21.50 $22.00
Sharts 22.25 23.50 22.00 23.00
however, will not relieve the railroad
company from further responsibility j
for any damage which might be done
In the future by the settling of tho
earth.
This attitude of the city council may
result In litigation, as City Attorney
La Roche stated to the commissioners
that the company officials had said
that they would not .make repairs at
this time if they were not relieved
from further liability.
According to Commissioner Dieck,
the entire structure is practically
floating in a bed of muck and rests
on no solid foundation. The piling on
which the bridge rests is liable to go
downward any time in case armload is
placed on the structure, and the bridge
would be entirely wrecked.
So serious has the condition becomo
in regard to the bridge Commissioner
Dieck is taking steps to' have a larer-i
portion of the traffic taken from the "Get busy with new ideas, creative
bridge. It is proposed to place na- thoughts: smile, try to look happy;
trolmen at each end of the structure i ,a-lk about pleasant things; think good
until repairs are made to see that no times.
heavy loads go over the bridge. "It is the duty of every man to
; j spend what he can afford and not to
CITY TREASURER REPORTS UaId money.
j. iie c irculation ot money means
land, France and a portion of Ger
many.
"Ninety million people In a country
3000 miles wide, where everything
grows. The natural resources are
something tremendous.
"And we are not at war.
"Millions of people in foreign coun
tries need cotton goods, woolen goods(
iron, hats, boots, in fact all necessi
ties of life.
"If the war stopped tomorrow, it
would take time to open factories and
readjust financial conditions in the
countries at war,
"The United States is bound to have
a boom!
"The United States did not make the
war.
"We are not responsible for the de
struction of lives or property.
"Sadness and blueness do not help,
Amount on Rami in Departments
Is $1,834,780.
According to the semi-monthly
statement City Treasurer Adams has
prepared, the city has a total on hand
In its various funds of $1,834,780.66,
distributed as follows:
General $
Kire department
Police department .......
Street repair
Bonded indebtedness in
terest Lighting 1
Library
Fark
Street. cleaning and
sprinkling:
Improvement bond sinking
Improvem't bond Interest
978,669. ?9
108. M5
86.56
209.44
106,716.25
40.89
. 2,136.28
26.16
407,141.'. 3
34,850.52
Toe.
Bid.
$1.12
1.10
1.07
l.OOti
1.02
Worn.
Bid.
$1.12
1.11
l.OStf
1.01
1.02
Feed . . .
Feed . . .
Brewing
$23.25 $29.00
$22.50
23.50
POLITICAL NOTES
Water . ... . 166,839.27
rarK ana oouievara
Broadway bridge
Garbapp crematory ...
Municipal jail
Fire boat and fire main..
Special bridge
Sinking
Water bond sinking
Water fund bond account
Police and fire department
relief
Bonded indebtedness sink
ing Street improvement
Sewer
Street extension
Street and sewer interest.
Public auditorium
Police relief fund
10,613.72
6,133.55
2,278.10
600.00
108.03
7,430.87
22.95
the prevention of people being thrown
out or a job.
"The lack of circulation 1s the stag
nation of business.
"Be patriotic, do not hog profits
sell goods at a fair' margin, and
"We will soon find prosperity at our
doors.
Wool Warehouse Proposed.
For several yearn there haa been
agitated in these columns that Oregon
wool growers construct a central wool
warehouse at Portland, where the
fleece of the state could be annually
offered at auction. So favorable have
wool growers been to the proposition
that the matter will come up for final
decision at the meeting of the Oregon
Wool Growers' association to be held
at Pendleton, November 6-7. With a
central, warehouse at Portland for the
housing 4tf all the wool of the state,
buyers -should be able to make this
city ther headauarters. They would
nave muCh money and much traveling.
4,109.55 I n.j li Rhown under th Dresent srvartem
21,413.99 I 0f buvine. This would result 1n
growers obtaining better prices for the
fleece becaose the expense of buying
would be far less than If each buyer
was forced to travel to all sections of
the state.
Apples for Warriors.
George Pope of Medford has pro
posed a plan to aid the apple market
as well as give the armies of Europe
some consolation by showing them
that the rest of the worldiis thinking
of them. Mr.- Pope proposes to fur
nish apples for every flgti'lng man in
Europe. His plan is as fobpws:
Oregon and other Pacific ' coast
states have a very larger surplus of
choice fruit on hand tha) even now
cannoi oe marKetea to sftt?w a prom.
There are now over 10,0j00i000 men in
Europe engaged in war! Christians
will be here in the neur future. Why
not send 10.000,000 applesj each In a
neat wrapper, bearing the" Inscription.
'From the Pacific Northwi'ist States of
America"? , ;;,
'If the various applegr ,wer asso
ciations would take up tls matter. I V
have no doubt that the transportation .
lines would haul these gtjods free of
charge and this woulfi so reduce
stocks that the market fo" tbtr hold
ings ; would materially ff jvance. At
the same time this smalj ! glf t would
return to us not only In od will, but
might be the means -of bringing many
sonny peoDie to our ravrrert land.
"Of course, this Is meifcly a cruda
idea. The plan otuld be worked out
in flirthpr ritntV niiRnmm.mlal
ub and Chamber of Commerce have
an abundant staff to handle this busi
ness witn ease and dispatch. Just
think of it! Sending a Christmas ap
ple to the boys in the trenches. Ore
gon could be proud of sucl an achieve
ment." (;
Creamsry Is Incorporated "'
Articles of incorporating have been
filed at Pendleton by th$ Hermiston,
Creamery company by S;j R. Oldakef,
C. L. Carson and J. A. Roberts. The
company is capitalized at; $12,000 and
the stock is divided into 13,000 shares.
Enlarge Laundry Plant. I
The laundry business tl Eugene is
improving. The Fisher LTiundry com
pany has just received i carload of
machinery, valued at $300J) which will
be used in its plant on St'uth Willam
ette street. 1
g"
Conference Near Cloxe.
Salem, Or., Oct. 28. Thannal con.
ference of the EplscopaJ; church for
this district will come' ta clone this
evening. The conference embraces
seven counties and amorijj the clergy
present are: Rev. C. Bj Runalls of
Corvalllsg Rev. -E. T. "Simpson of-
Eugene, Rev. A W. Grtf f M of Mr-Minn-vllle.
Rev. J. W. Armstrong of Jeffer
son, Reev. F. O. Jones at h Rev. J. D.
Cummins of Newport anj Rev. H. t.
Chambers.' X reception-.tnd luncheon
at the residence of Mr. ad Mrs. IL B.
Thielsen this evening wjll mark the
Close 01 me conicrence.
35.35
644.74
25.513.79
12,945.18
6,428.04
1,433.74
24,542.23
4.711.19
Total
.$1,834,780.66
FURTHER ACTION EXPECTED
the bureau do Inspection work,': to see
that laws in regard to fire protection
are enforced.
,ruuu" ,Be Jar11,OCK Ior Bids to Be Invited.
x.a., uruuuu rucu. , h. citv -ouncli this mornlnr au
Although the children of the LadU j thorized Municipal Purchasing Agent
school had filed a petition with th5 1 Wood to advertise for bids for plumb
city council that they be allowed the j ing and electric lights in the new
use of the park block directly across , buildings now under way at tha Bull
Young Man Allowed
Liberty on Parole
Claude Smyth Pleads Oullty to Simple
Iarcny; Sentences on Others Post
poned for Time.
Circuit Judge McGinn vesterdav rm-
roled Claude Smyth after Smyth had
pleaded guilty to a charge of simple
larceny ana Deen sentenced to six
months on the rockpile. Smyth was
charged with stealing property of
Scott Stevens and was under indict
ment but the heavier charge was dismissed.
Eddie Bell, charged with stealing a
motorcycle, and A. L. Fenner, charged
with theft of an automobile, were each
released on their own recognizance to
report next Tuesday for sentence. Wll
nam Anderson pleaded guilty to
charges of forgery but sentence was
continued without date, that work
might be secured for him if possible.
Pedro Helo,
someone to
that he might
The Young Campaigners for Pro
hibition will hold a general mass meet
ing in the Sunnyside Methodist church
Friday evening at 8 o'clock.
ine principal speakers will be Dr.
George B. Pratt, superintendent of the
Vernon Presbyterian Sunday school,
and Harry G. McCain, extension sec
retary of the Methodist Temperance
society.
The Albina Loyal Temperance legion
will take part on the program, having
10 children who will present a unique
number, using a washboard and tub.
At the close of the formal pro
gram the young people will be the
guests of the Sunnyside Enworth
league at an informal Halloween social
in the league room of the church build
ing. Miss Isabelle Munn, fourth vice
president of the league, is in charge
of the social arrangements.
Under the direction of Jasper Dean
McPhall, director of the large choir
of the Sunnyside church, his chorus
will render several selections for the
young people. The rally is open to all
people.
-
Tom A. Sweeney, Progressive candi
date for county commissioner, spoke at
the Princess theatre last night. He is
advocating the construction of hard
surface roads.
A mass meeting was held last night
at Holman school, Bancroft and Cor
bett streets. The meeting was ad
dressed by J"udge Van Zante, Isaac
Swett, Mr. Warner, speaking for C. J.
Smith, and Alva L. McDonald, candi
date for the legislature.
Will of John Neppach Filed.
The will of John Neppach. who died
October 3, was probated this morning
ana aiviaea nis estate, estimated in
the petition for probate to be worth
$15,000, Into two equal shares. One
share was left to the widow, Mary
M. Neppach, who was also named ex
ecutrix of the will, and the other is
tooe ai video: between a son, Carl J,
N)pach, and a daughter. Antonia E
Neppach.
irom the school for play purposes
Commissioner Brewster this morning
recommended that the petition be
filed.
Owing to the objections of Commis
sioner Bigelow, who stated that he
believed that the children should be 1
allowed the use of the block, no defi
nite action was taken on the petition.
It is probable that further investiga
tion will be made to see If the school
board will not take some action and
provision made for a playground on
that block.
Run head works.
Journal Want Ads brtng results.
THE
Canadian 33ank
of Commerce
Head Offictj
TORONTO. CA&ADA
Established lg67
A General Bankinjft Business
Transacted -
Interest Paid on Tin Deposits
Commercial Letters gof Credit
Issued f "
Exchange on Londor England,
Bought and Sld
PORTLAND BRANCH
Corner Second and SStark Sts.
F. C. Malpas, Manager
' -
NEW ORDINANCE IS PROPOSED, j
Purpose Is to Permit Removal of j
Dilapidated Buildings.
With the adoption of an ordinance I
regulating the removal of dangerous ',
buildings by the city council this I
morning, Commlssiontr Dieck is plan- I
ning an active campaign to begin just ;
as soon as the ordinance takes effect, i
and it is proposed to have every build- I
ing in the city removed that is in a 1
dangerous condition and regarded as a !
nuisance. I
The ordinance takes the place of the
measure declared invalid by the circuit
court some months ago, and is much
more drastic in its provisions.
Postmaster for Jennings Lodge.
Washington, Oct. 28. A civil serv'
ice examination will be held today for
a postmaster ror Jennings, Lodge.
Ladd & tilton Bafik
Established 1859 f :
CAPITAL AND SURPLUS $2,000,OOoi)0
Commercial and Savings Deposits
4
i
Will Enforce Fire Laws.
Refusing to consider amendments
offered by the head of the local board
of flrj underwriters, the city council
this iorning adopted an ordinance pro
viding for the selection of one of the
fire chiefs as fire marshal and mem
bers of the fire bureau as deputies.
It is proposed to have members of
Overbeck & Cooke Co.
Btocks. Bands. Cotton, Oram, Zte,
816-317 Board of Trade Building.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Members Chicago Board of Trmda.
Correspondents of Logan A Bryan.
r,wa wn New York.
The Bank of Personal Serice
Our distinct aim is to make and keep this bank sctive.
progressive and an up-to-date institution. ( : j- ;
The present gratifying condition ofujthe bank ftay be
easily traced to the satisfactory service and courtfeout treat
ment extended to all patrons. ' f
We extend you a cordial invitation to do' your banking
business with us. . ,
We Pay 4 Interest on Savings" Deposits g'
Merchants National Bank
Founded 1886. Washington and Fourth ltreets
EFFECTIVE OCTOBEB 4, 1914
Grand Trunk Pacific Steamships
SS. "PRINCE GEORGE"
eave Seattle, WaelL, Every Bnnday at Hldnlgni
FKOV PTES II
TJOO Victoria, Vancouver. Prince Rupert. Anyox (Granby
r Ul Bay) ana Stewart.
CnnTlgf-ting M ( Points?1'81' mrsaxCM JOJ2JJ tae Queen Charlotte Island
j
OBABD Tit U AX PACIFIC KAXJCTAT. 10 a. m. Wednesday
for Hazelton, Smithers, prince George. Edmonton. Winnipeg
and local points.
Prince Rupert (
GRAND TRUNK RAILWAY SYSTEM
We are prepared to quote on -application TXXT LOW COX-OHTST BATES
from Eastern Canada and New England states to SeatUe and other western
ciues.
THE UNITED STAGES
NATIONAL BANK.
PORTLAND, OREGON
UNITED STATES DEPOSITORY
voSchPfw llsodVondu Tlck "J" 3JJbJJox- W hington. Portland. Or. Marshall 1979
Capital
Surplus
- - $1,000,000
- - $1,000,000
. OFFICERS f v f
7. O. ATJT1WOKTH. President.
B. XtZA BAJUrxa, Tlce-PreeUemt. B.r, ICEKZ.!, CasBlec.
A. X. WXiaST. Asst. Cashlez. -
W. A. aOX.T. Asst. Cashie. P. a. SICX. ist. GaaBlez.