The Oregon daily journal. (Portland, Or.) 1902-1972, December 06, 1914, Image 21

The Oregon daily journal., December 06, 1914, Page 21, Image 21

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Newspaper Page TextTHE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, DECEMBER 6, 1914. THERE IS GRAIN GROWERS IN POSITION TO MAKE PRICES ON Europe Must Have Additional (sup plies and producers Here Have tlie Whiphand; Temporary Loss cm Used to Force Selling. Pacific Northwest wheat, oats and barley . growers ' pave entire control of the making of prices for cereals at Oil time. Drovidiuir they do not over- o the job. The demand for cereals from Eu rope is extraordinary. i rowers enouiu not for a moment be misieaa dv me temporary showinar oi wneat ana loss II Tinces eitner iiero or auiunu u- . I . I 1 V. cause tunn conunions aro inmni. or tne roreiKn iniereew who buy. Only by . forcing . temporary weuKnesii in me once ar uiey aui to secure their Buppiies. mat, at least, is the way tney ngure. Ijtmand for all cereals rrom Eu rope is extraordinary. neverai raoro carsoes oi oats nave ueeu boiu iu en- rope during me ween ana 11 is qui likely that every bUBhel available in the northwest will he wanted ly tne warring nations. Wheat prices showed a very snarp advance tnrouanour me worm auniis the we ami there in ilttie doubt that they will e-o Higher eventually. There is so great a shortage or sup plies this season and so much stocic lieing wastea oy . warring nations that the shortage is the most acute ri the history of the world. The fact that a shorter crop next year will be Known iroin mi uresent indications. muxes tne present nosition oi ma wneat marKet tnat mucn stronger. Recently there has-7 been more or ess manipulation In the pr're oi sniDS ror carrying cargoes to ejurorje. Practically all the recent advance in the Drlce of cereals abroad has been RDMornea ny tne sniD owners in tni face of the fact that aside from the foodstuff trade, there Is no demand for uhlps. Other shlDbinsr trada Is de moralized therefore, ir prices are not manipulated, siuds enouid o cneancr. There is some evidence In sight or a ureas in charter prices ror shins. Already vessels for January and February loading are being offered at a reduction from present Drlces tna 11 era in erowers do not sell too freely at present, a further charD loas win he shown-. inm must thererore be added to the price of wheal, oats and bariev. CLOVER SEED Buylnsr price: Nominal No. lrecleaned. ISMllc: or dinary. 11 (2) 12c sound: alfalfa, lie pound. FLOUR Selling price: Patent. 16: Willamette vallev. 16: local straleht. 15; export straight. 14.60; cutoff. $4.60; bakers', $5.806.20. HAT New crop, buylnsr price: Wil lamette vallev timothy fnncv 113w 14: eastern Oreeon-Idaho fancv tim othy, $16tf16.60; alfalfa. $13: vetch and oats, $9r?rl0: clover. $8 tier ton. GRAIN BAGS 191G. nominal: No. 1 Calcutta. $5.25. MILLSTUFFS-Selline -irice: Rran 124 fi' 24.60; shorts. $25 6i 26.50 ner ton CEREALS Case Goods: Rest rollixl oats. $3.60 per case of 3 nnrlcans' beat rolled wheat. $2.85 for .1 9-ih packages. Rack goods: Cream rolled Oats. $7: fancv flaked roll or! noi $8.60: oatmeal, steel cut. $7 7r.- oat meal, (round. I7.2S ner bhl - .nin peas, 15.75 per 100 lbs.: pearl bariev. 100 lb. sacks. $5: Bntrv flout in.ih Sacks, her bale. $3.25: mhim finnr $8.60: whole wheat $8.75: rv. tfi barrel. Spot prices on Merchant' Etcaango: WBKAT m KrMar Rat. Thiim. Wert. Tnen. nid. 1.18 1.15 LIS 1.054 1.08 Mod. Bid. 1.15H 1.14 1.12 1.06 1.07 Rid. Bid. Bid. Bid. 1.17't, 1.1 1.17 1.18 1.14 1.08 1.164 1.18 1.14 Kortifold 1.17 1.1$ riub i.n 1.15 Red RoBalKn 1 I.O .1.09 Red Fife- 1.11 1.12U 1.10 1.00H OATS. Feed 27.76 2S.25 2R 25 2S.25 BARI.KY. 27.70 27.75 Feed 34.00 S4.M0 24.00 24.50 24.00 24.00 25.50 25.00 25.00 25.00 MFU.STl II S. 23.25 23.25 2.TO0 23.25 BrewlD 83.50 25.75 Bran "- fit ftrt Nhorta 24.00 24.00 .... 25.00 Willamette valley wheat nauallr le ihoic rlub. , JOBBING PRICES OF PORTLAND Thene price are tho at which wholesale Mil to retailers, eirent aa othenrlae stated- BO'lTKR NoDiinal. Willamette .lle rteamerr. rnDea. aeiiina nrire. vstiaMif tte ttrlota, 82434c; ranch batter. Iiiz20c: rltr creamery. iota, ;vc; lea than case lota. He lb. axtra. BU l lCil FAT-NO. 1. Portland U nrr $3e. EGGS Nearly freahlr rathereil. dHTAHf- eanoiea local ezlraR. wblte. 42c: me nm,n burins f. o. b. Portland. 8924(e: e.Ht..rn rrn- April zaanc; Cblneaa, 1410c dozen. I-IVB PODLTRY Uena. heavr. liaiiV. ordlnarr cblckena. loc nonnd! hml l.n ili colored 11 he: tarkern. Ittiui7c: drenaert 17.., Sir: Dlaeona. 1.00't 1.2.": aanaba. .2J.i2 n ooien: aeeae. lire. 10rtl2c nonad. CHEESE Freh Orevoo. fancv mil imh twlna and triplets, leultlttc; 1'ooLr America JACKKABBITS KancT dressed. Il.srxas una. Orooerlea. BtJGAR Cube. $8.25: powdered. $8.15: frntt er berry. sa.BO: beet. U.7n: Arr .nni.i.H $S.Bo; D jellow. $5.00. (Above aooUtioaa axe J days net caah.l RICE Juuaa itrle. No. 1. Besu Mew Orleans, head. 0iUCc; Creole. 6c nuju-nw, t.xaS3.60 per casa. BEANS Small wblte. SVc: Urea white $8.15; pink, 4ro; Umaa. efcc; bayou, fle; fed, 8Hc. SALT Coarse, half snranda. 100a. tio ner too; 60s. $10.75- table dairy, 60, $18; los, (17.50; bales, $2.25; extra fine barrels, 2s, ft and 10s, $5.254.8.00; lump rock. $2.50 per tun. Fruit sad Vegetables. FRESH FRUITS nraurea navel -a 8.00: JaDsnese. 9K-(8.(1.00- hm,n lb.; lewoM, $3.00(4.50; ilmea, $1 per 100; grapefruit. $3.50ra4 per ca.e; pineapples. 7 lb.; easabas, $1,00 crate; pears. $1.0OSil.25: grapes. $1.25(1.50 crate. . AlrLKo LuCtl, OOCftlll.SO box aeoneriln. to quality. . ONIONS Local, red. $..25fai.RO- c.lKWni. yellow. $1.25; association selllns price, $1.25 f. o. b. country points; sarlic. 17Uc. "POTATOES Lellina- urin-: r.i tr. .KnW a tflHic per cental, sweets. (2.00. VEGETABLES Turnips. 7585e. beets, 75 OPSc; carrots. 7585c; parsnips. TRQsoc sack cabbage, 75ca$l; tomatoes, California, $1.00a 1.25 per lug; green onlont. 10(15c down bunches; peppers, bell, 10c; head lettuce. $1.00 ii erate; celery, 40jj75c doaen; teg plant 10c cauliflower, $1.00411.25 doaen; French arti chokes. 85c doaen; string beans, 8c; cu cumbers, hothouse. $1.00 dozen; cranberries eastern, $U bbl.; local, $3.50 box; sprouu 6c lb. i Eops, Wosl end Hidea. HOPS Burins Drlce. choice. 11c: nrtm. 8Vjc; medium to prime. StfAc; medium. 6WT- )t. CI111I1M UR CAJCABA BIBS Car lota. 40 ; leas than car lota 4c. MOHAIR 1014 27K27tte. 1 'WOOL NomlnaL 1814 cUd: Willamette vaL. ley coarie Cvtawold. 17 Vbc: medium Sbrop. TRANSPORTATION Coos Bay Line STEAMSHIP BREAKWATER Sails from Ainsworth dock, Portland. p. m., Every Tuoaday. Frsisht and ticket offioa lor Ainsworth dock. P. C. B. B. 8. Lin. V.2. City ticket offios. SO Bixt. tract, a. .--- kibHi viiiuv, vu ptiv. sires V BUncsr. Agent, laens Maxahail A-m. - 4500. GRAINS NO EXCUSE FOR HENRY CLEWS HAS A TOUCH OF OPTIMISM TO NOTE THAT'S REAL New York Financier Sees Condi tions Surely on the Mend; Amer- . lean Business Meets the Foreign Crisis in Magnificent Way. , By Henry Clews. New York Banker. . Conditions are growing better dally. Only two things stand In the way of a afiarp recovery business depression at home and the war abroad. '- A can did estimate of these two, factors is necessary before an. opinion can be safely reached as to whether they have been adequately discounted or not. -In the first place, it Is folly to ignore existing depression at "home. Before the war began reactionary symptoms were widely prevalent. Declining bank clearings, decreased railroad earnings, industrial Inactivity, Increased failures and other indications, all told the story of business stagnation. There is no boasting In saying that the Ameriran business rnmmunitv met tthipf crisis: maa-rilf icentlv. No narlmiM .disaster resulted. Our financial ma chinery, faced the storm and came through the stress, not only unscathed, but actually strengthened by. the -terrific strain thus imposed. It is true "the tension was less severe hero than In London, Berlin or Paris, but on the other hand, practically no government .help was necessary here and no mora torium was ever seriously considered. This suprenae test proved American finance and American business to be wonderfully strong in things,, funda mental. Our banks are In excellent shape. Looking across the Atlantic we find the witr still a factor of supreme im portance in American trade. It must he remembered there are at least 20, 000,000 of men under arms in Europe and the cost of the war is placed by conservative experts at about $50,000, 00 a day, or at the rate of about $15, 000,000,000 per year. These figures, be It remembered, do not Include in cidental losses to war. such as de struction of property, derangement of trade, etc., not to speak of the sicken ing loss of life and- the misery and suffering of millions which cannot be expressed In money values. Nor does this estimate include the" additional losses caused by the recenjt outbreak of the war In Turkey and : southeast ern Europe. It goes without saying that it Is utterly impossible for the world to endure such wholesale waste of life and wealth, and at the same time preserve its prosperity. Distinct and distant as we may be from European activities, we cannot enUrely escape sharing European mis fortune. I-"or years to come a large share of the world's savings must be absorbed in" paying the tost oi this titanic struggle. Savings out of which comes all new capital will be unavoid ably reduced. In other words, there will tie less capital than usual for new enterprises; and any marked revival of industrial activity in any portion of the world must mean an urgent de mand for money at good rates. Cash or even credit may become tempor arily . abundant, but genuine new capi tal, such as is derived only from sav ings, will be relatively scarce for con siderable time to come, and will com mand much better rates than before the war. These are the worst effects of the war from the economic viewpoint, and they give only the darker side of the picture. Let us now look upon the brighter side. After every period of depression in public feeling, there conies a psychical reaction when the worst haa been fairly passed, and pes simism invariably gives way to a new spirit of hopefulness. The real ques tion Is, have we fairly passed and dis counted the worst? It would seem as if we really had. At home we have been favored with all the Important advantages of a good harvest. The department of agriculture tell us that the production per acre of all our crops was 9.4 per cent larger this year than last year, and 2.3 per" cent above the 10 year average. This fact Is of vital Importance in the agricul tural sections of the United States, es pecially as our farming classes and those dependent upon them are still the principal element in our national prosperity. we rind tne Keenest de pression at our financial centers. Our industrial centers have endured a de pression rather less severe; while the agricultural districts outside of the cotton belt have felt the reaction much less; than, any other. All things considered the financial situation in New York has marvelloiis ly improved. Money Is abundant and credit is easier, the demand for com mercial paper showing steady improve ment. Foreign exchange la nearer normal than at any time since the war began. Our bank reserves have been largely expanded by the new system, and both emergency currency and clearing house certificates are being rapidly withdrawn. The latter poli y should be persistently followed in or der to check gold exports which will surely follow on a liberal scale if money becomes too redundant or too cheap. Fortunately our export trade is rallying from the blow of the war, and is being further stimulated by heavy war contracts, which are keep ing many of our factories busy. Mean while imports are comparatively light; so that a liberal excess of exports is in prospect, - which will tend to keep down our foreign obligations and re strain gold shipments. Our own trade already shows signB of having turned the corner. San Francisco Grain Market. . San Francisco, Dec. 5. Barley calls: Dec. 5 -. , Dec. 4. Open Close Close Pec 124 125 124V6 May mB 134 i A 133 B Spot prices: Wheat Walla Walla, $1.901.92 ft; red Russian, $1.87 ft 1.90; Turkey red. $ 1.92 ft J 1.95; blue stem. $1.97 2.00. Feed barley $1.20. White oats $1.624 1.55. ! Bran $24.5025.00; middlings, $30 (ftZl: shorts, $26.00 26.50. shire, 184c; choice Cancy lots, 1020e lb.; eastern Oregon. 1420c; accordls? to abrlnk a$e. HIDES Dry hides. 25c lb,; green 12c; salted hidea, 13Vac; bulls, green salt, 9c; kips, 1314c; carrea. dry. 25c; calf skins aalted or green, 18c; green bides, lc less than salted; sheep pelts, salted, shearings, 1025c: dry 10c. TALLOW No. 1, 45444c; No. 2, 434Hc; grease. 34c . . Meats, Fish and Provision; DRESSED MEATS Selling price Country killed: Hora.fa scy, 8c; ordinary, 8Hc; rough and heary, 77ftc; fancy seals, 10c: ordinary, 9c; poor, 7c; goata, 84c; apring lambs, 10c. UAMS. BACON. ETC. Hams, lCa20c; breakfast bacon,. 2o30c; boiled ham, 28c; picnics. 13c; cottage, 17c. . MEATS Packing house Steers. No. 1 stock 12Vc; cows. No. 1 stock, 11c; cwei, lie; wethers, 2c; lambs, 13Vc; pork loins ISc. OYSTERS Olyaipia. per gallon, $3.75; canned eaatern, f&c can, $6.50 duxen; eastern. In shell, $1.85 100; raaor clama. $2.50 box; eastern oysters, per gallon, solid pack, $3.50. FISH Dressed flounders, 7c; steelhead aal mon. 8c; alhrersides, 7c; perch. 6(&Sc lb.; lobsters, 25c lb.; sliver smelt. 7c; salmon trout ISc; halibut 810c pound. LA BD Tierces, - iiftc; compound, tierces, 11c. ! CRABS Large, $1.50; medium. $1.00 doaen. Paints end Oils, LINSEED OIL Raw bbls., 6Ss per gal ; kettle boiled, bbls., 67c; raw, cases, 60c; boiled, cases, 62c gsL- lota of 250 gallons, lc less: oil cake meal, $44 per ton. WHITE LEAD Ton lots. 7c per lb.; BOO lb. lots. 74c per' lb.; leas lots. 8c per lb. OIL MEAL Carload lotat $34. TURPENTINE la cases, 7c; tanks, 60c per gallon. COAL OIL Water white In drums and Iron barrels, loc. Edited by Hyman H. Cohen. HE NEEDS SOME PROTECTION WW CHINESE EGG MUST GO IS EDICT FROM TRADE LEADERS The Chinese egg must get- out of the Pacific coast markets. There is no room here for such stock. Inferior quality eggs might possibly find a sale in the big eastern market centers, but here on the coast where purchases are much more liberal per capita, the de mand is always for a better article. There is no mistaking the sign of the times. The Chinese egg is not finding favor Just because it is from the orient, but because It is produced amid sur roundings thaw do not mingle with the more healthy Pacific northwest. The producer and the consumer alike are demanding the denial of entrance to the Chinese egg. The latter is very vitally interested, because he wants to purchase as cheaply as possible, but he demands quality. So far as can be as certained, this has been entirely lack ing in the Chinese eggs that have thus far reached this market. The Chinese egg is produced In sec tions that entirely lack health facili ties and is produced by fowls that are Violators 6f Insecticide Laws Are Found Guijty and Assessed a Fine The recently issued regulatory an nouncement of the Insecticide and Fungicide board contains notices of the judgments of the courts in sev eral prosecutions for violations of the Insecticide act. Among the penalties' imposed on vio lators of the act in recent cases is the fine of $100 on the Blumauer-Frank Drug company, of Portland, because of the shipment of a misbranded arti cle called "Cresogent" into Idaho from Oregon. The label on Bame declared that the article was "nonpoisOnous" and "destroys, ticks." The article was not "nonpoisonous" and did not con tain any substance that destroys cer tain kinds of ticks. The product also consisted partially of water, which does not prevent, destroy, repel, or mitigate Insects, and the name and percentage amount thereof were not declared on the label, nor In lieu thereof were the names and percentage amounts of each Ingredient having In secticidal properties and the total per centage of the inert ingredient stated on the label. STOCK MARKET, HAS A GENERAL ADVANCE WITH TRADE LIBERAL Demand for Shares Proves to Be Surprise With Call Greater Than Offers to Sell; Most of the List Is Forced to Higher Figure. New York, Dec 5. Trading is In creasing rapidly on the New Tork stock market. With ikhe feeling much better than anticipated it Is now be lieved that all restrictions will be taken from the trading during the ear ly part of the coming week. Sales of stocks during the last day or so have showed conclusively that the demand for shares was far greater than the offerings and nearly the en tire list has been forced higher. Official prices on New Tork stock exchange furnished by Overbeck & Cooke company, 216-217 Board of Trado building: ILast AskJSale. 26-AI 26 Stock. Bid. American Can American Can, pref : Cent. leather Cent. Leather, pref American Sugar American Sugar, pref . American Cotton Oil..... Stuciebaker American Beet Sugar Guggenheim Peoples Gas Canadian Pacific International paper International Paper, pref. Bethlehem Steel j... Bethlehem Steel, pref.... Western Union National Biscuit National Biscuit, pref.... American Tel. & Tel..... Ontario & i Western. . . . . . . Texas Oil Alaska Gold Denrer & Kio Grande Atchison A tcbisou . pref.... Union Pacific Union Pacific, pref....... Northern Pacific . . Ball way Springs Western Electric Southern Psclfic ......... Amalgamated St. Paul 26 88 33 100 104 lOSft 116 1564 7 31- 41 86 58 121 123 14 116 18 126 25 12j fKHa 103 , 77 97 194 6414 83s 49 86 26 45 1 81 1 89U 34 102 X 110 103 33 34 2S 34 35 29 43 42 117V4 11SV4 IKS U56 74 7 33 V, 32 90 125 123 117 19 33 41 i 58 117H 18i 26 90 103 115 98 64 83 49 26 40 135 26 91 104 115 97 21 65 83 29 Tennessee Copper Utah Copper . . . 27 46 105 26 85 '254 Pennsylvania Goodrich Goodrich, pref. General Motors ............ Rock Island .......... Norfolk it Western Erie, 1st 103 , 104 25 ! 94ft 75 1 96 V 86 97H 074 38 Liverpool Wheat High. Liverpool. Dec. 5. Wheat closed ftc up; December 9s 6d. j CHINESE considered unhealthy by leading trav elers. . The Chinese egg is not only said to be produced amid filthy sur roundings and by hens that are fed the oiiai 01 tne most unsaniiarjr-couniry in iwr i " i Biuaui o"" and therefore should not be sold for more tna n two tnirds or tne price or the American product If it was of equally as good quality. oim-e uiis matter a3 ursi agnaieu. by The Journal, many of the leading interests nave got nenino tne move-, competition of the Mongolian supplies. State Dairy and Food Commissioner J. W. Mickle has made mention of It in his annual report, and urges a remedy by tiie passage of a law which will compel ' the stamping of each foreign produced egg so that everyone would know what they are buying. The granges of the state should get quick action in this matter by offi cially bringinrr it before the coming session of the legislature. The Grasselli Chemical company, of Grasselli, N. J., was fined $50 for the shipment of a misbranded product called "Grasselli Lime Sulphur Solu tion." The label on the package stated that the package contained a quart whereas it did not contain so much. The Aphine Manufacturing company of Madison, N. J., has been fined $25 for the shipment of an adulterated and misbranded product, called 'Aph ine," into Ohio. The label claimed that "AphinV' kills red spiders, mealy bugs, and plant lice, which was an untrue statement. The article contained 88 per cent water while the label stated that it contained only 82 per cent. Other fines mentioned In the recent announcement are as follows Mount Hood Whale. Oil Soap, Mount Hood Soap Companv, Portland, Or., misbranding. $10 fine. Standard Lime and Sulphur Solu tion, Portland Seed Company, Portland, Oiv. misbranding $10 fine. Nyal"s Roach Powder, Frederick Stearns & Co., New Orleans, La., mis branding, $5 fine and costs WOOL PRICES ARE HIGHER; FIRM TRADE IS LESS BRISK Business in Boston Market Is Not So Keen but Values nold Well With Exception of Australia For- - eign Prices Good. Boston, Mass., Dec.5. la the local market less wool is selling now than for several weeks. Speculative trans fers of scoured wools among the dealers themselves appear to have been the leading feature of the mar ket the past week. Under this influ ence, such wools have advanced re latively more than other kinds. Moderate sales of fleeces, territory clothing and pulled wools, also for eign merinos are reported. A gradual strengthening in all desirable wools is seen. Foreign advices indicate con siderable activity in South America, but in Australia. Conditions are less satisfactory to sellers. No change is noted in the embargo situation, though an occasional particular small lot of wool is allowed to come here. American, buyers have been getting more of the wool offered in South America the past week than hitherto. Enough buyers are still active with of ferings larger and more wool avail able. Mill buyers have been especial ly active, probably much of the wool already bought for this country Is for manufacturers' account. Dealers have been buying cautiously, but have secured a faigj, amount of : desirable wool, 1 both in Buenos Aires and in Montevideo. Values appear to be a lit tle stronger now than a week ago. San Francisco .Dairy Produce. San Francisco, Dec 5. Eggi extras, 39ftc; pullets, 32c; " storage . extras, 27c. ' Butter Extras, 29c; prime firsts, 27c; firsts, 26c; seconds, 24c Cheese California fancy, ISftc: firsts, 12c; seconds, 10c Paris Wheat Higher Paris, Dec 5. Wheat closed higher. $00 Down t A Startling Offer, Did you ever ear of getting a piano without a cash down payment? That Is Just what you can do at Eilers Music : House. They have X propo sition that is unique in piano selling methods. Read the details of this interesting ana - attractive orier on page 10, section 2. this paper. CAdv AND WORLD SUPPLIES OF L VERY SET PRICE Scarcity of Supplies Shown at All Centers Even at This Time Prom ises to Be Acute Next Season; AJ1 Grades "Are Affected. The extreme strength of the wool market on the NorthPacific coast and in the Atlantic seaboard markets is not due to any local . conditions, but to world wide shortage of supplies. That this biiortage will become much more acute next season and will prob ably be sovere for many years, is in dicated from the reports received from various portions Of the world. With domestic. , woolen interests eager to contract fleece in the interior oi tne Pacific northwest at 2i cents a pound and even better reports heard, tne price of wool promises to make en tirely new high records during' the lalo sales season. . The following, report of the foreign situation, whicn comes from Theodore Jaeckel, United Stales consul at Stav anger, Norway, is of vital interest: '1 he embargo placed upon the expor tation of wool by England wnich country prior to the war supplied all the wool consumed by tne woolen mills in Norway, has piaced the lo.al mills in a most awkward position. Un less the situation can be remedied in the near future, eittier by lifting the embargo, at least so far as the expor tation of wool to Norway is 'concerned, or by the success of the efforts to pro cure wool from South America which are now beiiiii made by the woolen mills, the latter will jioon have to close down. In this district- it is stated that none of the mills have a supply in hand sufficient to last more than two months. A meeting of the textile manufact urers of the country was called to dis cuss the situation and to take con certed action in this extremity, at Christiania. It 1s believed that the proposal will undoubedly be made to send a representative to Buenos Ayres to purchase wool in large quantities for the mills here. In the meantime the Norwegian gov ernment is endeavoring to persuade the British government to lift the em bargo on the exportation of wool to 1 Norway. The Norwegian government . also nas placed an embargo on tne ex- I Donation of wool and woolen roods, and all wooi brought into the country wiU therefore be cunsumed in Norway, The manufacturers have sent to the Norwegian foreign office their unfilled ; contracts for the purchase of wool in England, In order to facilitate an ex- change of views between the two gov ernments concerning the lifting of the embargo as to exports 10 JNorway. One of the owners and the manager or a Norwegian woolen mill, a iorv shire man. with generations of exper i'ence in he woolen Industry behind him, and with large connections in Brad ford, states that at the fhst sale held in London, some years ago, no Argentine wool was offered, and very little Aus tralian: that the Argentine clip xen- erally comes Into the London market in September and October, and usually quite a bit or tne Australian in octo her, though the bulk of the latter clip is not offered until December. At Bradford Be was informed that no rea son could be assigned for the failure of the Argentine clip to come into the market, nor could he learn of any ship ments from South America in the near future. He expressed it as his opin ion that unless large shipments of wool reach England soon the British embargo will not be lifted until the British clip is ready for market next summer. He adds that the Norwegian clip is practically useless for his mill (a yarn ractory). owing to the uneven character of the wool as to length and to its bristlelike hardness. It is used chiefly in the manufacture of the cheaper grades of cloths, blankets, etc. This mill manager himself has .only sufficient wool on hand to last an other six weeks and will be glad to hear from American dealers who can supply him with "tops." He is pre pared to take 10.000 kilos (22,406 pounds) per week until July, and will pay cash. The wool should be combed. Buying Snap Is Cause of a Rise In Chicago Wheat Chicago. Dec. 5. There was buying snap to the wheat trade at the open ing today with December well over the high and closing on the sharp upturn of yesterday at $1.16. A period of dullness followed with moderate reaction to $1.1R-H and 1218 for May. -The surprise for the trade came just before the close when Decem ber was marked tip quickly lc to $1.17 s. the May again going to the high point of the : morning. At top flgiwes, the lVr ('A rl hptivpfln ttiA tniititha u narrowed to 2c and at the close $1.17 and $1.21. the difference was 4c. Minneapolis decreased stocks 5000 bushels over night, the first cut in that quarter for many weeks. Rosario direct cables claim unset tled Argentina weather for the early wheat harvest. Regardless of the dull speculative trade for Saturday, local cash hoiises sold 140.000 bushels to exporters. Cash wheat shipments are being made from Minneapolis to interior points In both spring and winter wheat states. Spurt of strength in corn on first trades established prices at fiic for December and a split under 69V4C for May. The Liverpool cable quoted fu tures id higher, based on advancing,! prices in Argentina, receiving nouses again had reports of light country of ferings.. Sample market ruled steady to c higher. Many Illinois points are reporting feeders anxious buyers of about all the corn that can be shipped. Cash sales were 130.000 bush els, including 65,000 bushels to ex porters. Dullness was largely respon sible, for a reaction to about Friday's prices at the close. Moderate bullish demonstration to day In oats to about 48 to 48 c for December, and 62V4c for May, with a reaction at the close to 48 Vc and 52 c. Cash prices held firm, ship ping sales 105,000 bushels. Heaviness marked the provision trade for the session with a decline in May, pork under $18.50 at the low point. Range of Chicago prices furnished by Overbeck & Cooke company, 216 217 Board of Trade building: WHEAT 10 SHORT;. RECORDS Open. High Lew. CInae. Pee. .....$1.16 $1.17H $1.14 $117 May ..... 1.21 1.2174 1-21 1.21B CORN Dee. 634 -64 ; ..fiStj .6.114 Uay e&Vt -9 -09 .69 B OATS Pec .48 .48 ! .4"? .484 May ..... .524 .52 j .524 - -62!4 POBK Jan 1S.1T 18.27 1S.10 18.10 May .....18.90 18.62 18.4T 18.52 LARD Jan. S.75 9.75 9.70 9 70 . May 10.00 10.00 9.95 0.95 B SIB3 Jan. ...j. 9.7T 9.77 B.70 9.70 B May .....10.10 10.12 IO.OS 10.06 B Hops for England. Dallas, Or., Dec. 5. H. L. Fenton this week completed shipment of R. E. Williams' season's purchase of hops. There were 10 carloads ef them. One car was shipped from King's valley, two. from Dallas, two from Salem, one from McMinnvllle, one from Sheridan and three from ChampoeE. The htilk I of the shipments go to ; London, Eng- land. ON COAST OF SENDS VALUES TO A E Sheep and Lamb Market Is One Bright Spot in Livestock Trade; Top Lambs, Sell at $7.25; Other Lines Are Somewhat Depressed. Portland. UvsstocJc Purchases. Week end. Hogs. Cattle. Calves. Sheep Dec. 5- 8923 1029 2059 Nov. Nov. 2,8... 21... 8190 8065 7163 3597 4588 5927 1812 1304 1296 1100 550 146S ll 461 2257 5183 2318 4608 2821 3824 2755 43 17 11 18 22 3G Nov. Nov. Year ago. . yrs. ago. 3 yrs. ago. The bright spot In the livestock trade at North Portland for the week and one that shows unusual luster, was the mutton and lamb trade. Prices not only showed another sharp advance over previous transactions but the market was extremely- firm at, in higher figures. There was one real cause for this condition. Mutton and lamb offerings at North Portland have been showing a very serious decrease of late and present volume of arrivals are some what below actual requirements of killers. Were It not for the fact that some of the leading killers anticipated this condition In ract lor montns it has been forecast by The Journal there would today be a real famine in mutton market stocks. While it is useless perhaps, to cry over spilled milk, still even early in the season, attention was called in these columns to the fact that the ex tremely low values here In effect at that tlm were BlmDlv driving: tne en tire mutton supply to points east of the Rockies. There Is no dodging re sponsibility for the. present shortage in supplies, it can Barely be laid at the door of packers. Through a most short sighted policy they allowed values here to remain low bo long that they were forced later In the season to beg an active' buying campaign in the country in order to keep their busi ness from starving from the lack of mutton. Ail along there has been far too great a spread between the price of mutton here and what similar etock was bringing in the eastern and mid dle west markets. While packers are certainly entitled to purchase their re quirements as cheaply as possible, still there Is no doubt that they de pressed the market entirely too far. This is not said In any spirit to an tagonize local killers in any way, but simply because they are today crying about shortages when to themselves only the blame can be laid. General mutton market range: Best yearlings $5,9056.00 Old wethers 5.50 5.75 Best ewes 4.254.75 Best east mountain lambs.. 7.25 Valley light lambs 7.00O7.15 Heavy spring lambs 6.50 6.75 Cattle market Depressed, Depression was the note In the cat tle market at North Portland for the week. While It Is true that a very short supply came forward, the small est In fact for many a week, still the demand was extremely limited. Cattle depression here is entirely the result of stringent financial con ditions. The public Is not buying meats as In former years. The aver age worker is restricting his pur chases some of them necessary be cause of the lack of employment, while others are keeping down expen ditures because such a condition is generaL Even the small run of cattle In the local yardg dhrlng the week did not meet with any serious demand. Values in general ruled lower. Thers was little real good stuff available and killers did not care to bid up for in ferior offerings. General cattle market range: Selected steers .$7.007.25 flood to prime . . Oood to choice . . Ordinary , to fair Best cows Good to prime . . Ordinary Selected calves . . Fancy bulls .... R.90 6.60fi'6.75 6.75 6.23 fi.no B.6Sfi?6.X5 5.25 5.50 8.00 6.25 0 5.75 4.00 3 4.25 Ordinary Hoff Market Slumping. Slumping values were shown all through the swine trade at American stockyard points during the week. Eater there was an improvement at some points during the week. Eater there was an Improvement at some points and prices were again carried hieher, Chicago and Kansas City both quoting tops yesterday at $7.35. while Denver and Omaha were at $7, as was North Portland. Locally the market was In very bad shape all week. Receipts were at the record mark and too much stuff cams forward for killers to absorb. The re sult was that they were forced to j lower their values because of the greater cost of keeping stock on feed. tj-enerai nog marKet range: Best light 7.00 Medium light .... Good to heavy . . . Rough and heavy Stock ers 6.90 . . 6.606.75 .. 6.00'6.25 . . 6.00 6.50 Denver Hogs Steady. (Special to The Journal.) Denver. Colo.. Dec. 5. Cattle. EOO Market steady. Steers, $6.60Sj7.30; cows and heifers, $ 5.00,6.20; stackers and feeders, $6.607.50; calves, $7.00 Hogs 100. Market steady. Sheep None. Market steady. Omaha Hogs $7. ' (Special, to The Journal. South Omaha, Neb., Dec. 5. Cattle, none. Hogs 620D. Market slow to steady. Bulk. t6.7(H 6.85; top. $7.00. Sheep None. Chicago Hogs $7.35. Chicago, Dec. 6. Hogs, 11,000. Mar ket strong. Eight, $6.50 07.25. Mixed. $6.70y7.35. Heavy, $.65!(j 7.30. Hough $t.b&3i't.BU. Cattle 600. Market steady. Sheep 1500. Market weak. Kansas City Hogs $7.35. Kansas City. Dec. 6. Hogs, 100O. Market, 10i 15c higher. Tops, $7.35.. Cattle 1000. Market strong. Sheep None. NEW YORK COTTOX JLAJiKET New York, Dec 5. Cotton market: Open. High. Low. Close. Jan. Mar. May July Oct. Dec. r2o 735 720 720' 721 744 761 778 802 705 735 751 766 794 7oe 740M741 755 766 794 700 757758 774i776 799 0 800 7050708 U. S. Government Bonds. New York, Dec, 6. Government bonds: Bid. 2s registered ...... .$0.95 do., coupon .95 3s registered ........ .99 do., coupon ........ 1.00 4s registered-.-.,... 1.0814 do., coupon ...... 1.08 Panama 2s '' 95V4 Asked. ;0.97 1.00 ?4 'i.'o'9 New York Metal Market. New '.York. Dec. 5. Metals: Copper Lake, l2c. Tin 33 3 4c. r- Lead $3.76 3.85. Spelter 5(.4Q 6.15. SCARCITY MUTTON higher MARK HER GENERAL BUSINESS Outlook for Farmers Bright and ImplemmtiBusi ness Has Been Good Up to Date So far!. This WOOL GROWERS ARE NOW O Although this- Is the quiet period for machinery and implement houses, the local Oliver Chilled Plow house Is shipping In more stock than ever be fore, according to W. E. Wilson, man ager. Mr. Wilson says retail dealers are practically out of supplies because they have allowed their stocks to dwindle for many months. They will now be compelled to purchase heavily to replenish their needs. The Imple ment business has had a very good season to date, the Oliver people show ing a liberal increase over 1913. - "I never saw a brighter outlook for the farmers of the Pacific northwest," says Mr. Wilson, -and they should sow every possible acre of ground with grain to take advantage of the enormous demand from Europe." Wool Growers Are Opttmiatio. Optimism prevailed at the conven tion of the Oregon Woolgrowers' as sociation at Pendleton this week, ac cording 'to J. W. Brewer, farm land commissioner of the Oregon immi gration commission, who, with C. C. Chapman, state Immigration agent, has Just returned.. "Reports showed a decreased num ber of sheep now In the state, but;a oeiermination to Increase the flocks." said Mr. Brewer, "Somssof the wool men said they had sold oaf their bands for mutton, fearing th workings of the tariff, but conditions had worked out differently. ! "According to the state veterinarian Oregon now is more free from sheep diseases than ever before, and only in one band does any scab at all exist. That la being cared for and he said other conditions are Ideal for sheep raising." Automobile on the Way. Two special train! oads of automo biles, numbering more than 400 and valued at something better than $500,- uoo, will arrive during January and February, for distribution in the northwest among men who haye al ready purchased them, according to Mel Johnson, of the Howard Auto company, who has just returned from the east, Mr. Johnson has Just re newed his lease for two years on the present quarters occupied by the Howard company, distributors of the Bulck car, at Fourteenth: and Davi. During his visit In the east Mr. Johnson visited the Bulck plant at Flint. Mich. He reponts business gen erally Improved. . Would Keep Money at 'Ftr". "With one hand we write checks to relieve the unemployed," said L. Sam uels, president of the Oregon Indus trial league, "and with the other we sign an order or goods made else where than In Oregon, thus creating additional numbers of unemployed. in buying Christmas presents we buy candy made hundreds and thou sands of miles away, stale and of in ferior quality; -put in boxes not made here. We should make our Chlrstmas trees Bear made-ln-Oregon fruit every time. We have as good candy, fruit, agricultural products? and manufac tured goods of all kinds made-ln- Oregon kind and we should Indi vidually see that In buying things we make a demand for the unemployed labor of our own state." Mr. Samuels exhibited a sample cal endar, saying his order cost $600, and all of them were made In Oregon. "The Hop Market Is Quiet Locally as Wfl ; As at Other Points; P;elL6w " si ' There is a very quiet tone In the hop trade locally. Few sales are being con firmed, although there are numerous reports of small lots being purchased on old orders. As a.- general rule deal ers say there are few new orders for hops avaUable. Foreign markets con tinue the depressing Influence although some sales on that account were re ported by Willamette valley represent Onion Growers Are Holding Supplyj u- -1 Rather Tight With Salesiat 1.25 Ten carloads of onions were shipped during the week by members of the Confederated Onion Growers' associa tion, according to report made by President A. J. Fanno. This year's crop of the organization was 402 cars. Of this amount 37 cars were contracted and 45 cars have FIGHTING THE FIRE BLIGHT Walla Walla, Wash., Deo. 6. The crusade against "fire blight" in the orchards of the Walla Walla valley is to be started by the fruit growers in a short time, and during the winter months the activity along-this line will be the greatest ever seen in the northwest, , Local orchardlsts are ful ly aroused over the spread of the dis ease among their trees during the past season, and they have resolved to eradicate It so far as possible. With the 1914 fruit crop out of the way, the fruit growers now find time to turn their attention to other de partments of the industry, and prun ing, spraying and cutting for Might are the all-absorbing topics. Some of the older orchards, it is said, will be badly hurt by the blight-cutting, but the orchardlsts Beem to be united in the movement to drive the blight out of the valley, no matter at what cost. Wheat Market Qniet. Walla Walla, Dec. 6. The wheat market locally has been quiet for the week, -lth quotations well toward the top, anVl remaining firm. The bnlk of the 1914 crop was disposed of during the first few days of the record-breaking prices, and the Bales that are made row are of small lots. It Is estimated less than 25 per cent of the valley crop remains in the hands of the) growers. r Seattle Dairy Produce. Seattle, Dec. 5. Eggs Fresh ranch, 48c; fresh eastern. 42c; orientals. 28c, Butter Local cubes, 34c; bricks, Joe; Oregon cubes. 32 & 33c. Cheese Wisconsin, 19c; Washington, 1718c. 1 Wheat Cargoes Firmi ' London. Deo. 8. Wheat cargoes n passatre, firm. HOP GROWERS NOTICE! Do not contract or sell your hops. Strong co-operative association be ing formed to' finance you and make you independent. ' For particulars, address Organization Dept. ORE r.nw irT r.T?rAt?t?c AccnriA ITIQN, Shefidan. Oregon. , SSvs 5, t-i it? V PLASTIC M lfil'4ieliaid. "and paper and Ink cost U all the rest is labor. T)57 pi fating and uress work is better fie Cftan lobs some firms are sentting Jast-tfor. The' labor of Oregon gets Hiij? $.S?'4." Will Open Lodging Cajois. The Smith-Powers lj',itbt4"-rompany -of Marshfield has vlrttely jsmpletedr preparations for opening! I tssjpnew log- -gins camps In the Waijrfijjr lpitrict, at' the upper cpd of a fii&gloK&Jng road that will carry the 1km 3o mjirshfield mills. 50 miles distaiiVh;;! JS) The company will eirlbf? the big camps within easy disrjnoii 5of each, othtr with a view of clbHg :sftay with exta traveling for BeyirViMry pur poses, as well as addtjtnoflfvlency in, To get the timber Starahfleld , where the big mills aijy thj.vtofinpany has three big locomayiycs i nd three train crews. jtf i Phone Subscribers XncrjaM. According to a repoij JrnaSf iby the Coos & Curry Telephoris onJYy, ,ths number of subscribers ;as,;hCreaHed . 7 per cent at North i?n?id iince the publication of the laiHi'3dirtory, 11 months ago. The nunibyr; ofpmbscrtb- . ers now numbers 260 pH ijoiiiji jn North Bend. The Bame rutlti -y'lf i.Screase Is reported from other exiihingfS in Coos county. Eugene Is tlfm(!; city in Oregon, It Is Bald. thatjs$iow3i-Ja larger Increase . In the pcrertnagti,ii of new phone users than N'pflh I3nd and Marshfield. ij I . tl "- Man Pays Heavy Taxesl ' ;:.' A. H. Rogers of MSnfieaialls, who has the distinction if beig Crook county's "biggest taxifiyer. whosa timber holdings In tle Misfrlct total 60.000 acres, at Bend k! jrewijjaya ago . declared that the lumberihiF5bU8lness" from now on "will seeKi8tht0 but im provement." jf r " SMngle Mill to. Start pjy ifS Daniel Spencer's shiftge l&Hl In the upper part of Honey (V5ve, faear Cor-' valiis, will soon begh! iterations for the winter's run. 'Th'iipiU ja only a small one and employ abouifj 10 men,' but he expects to hi$4 a Vsrofl table year and put out f rona loooSo 10,000 shingles dally. : "5 M - ; : - Business Shows a Biff s ttUn. -Ti . - H. G. Rice, of the whleSit supply house of Rice & Phelifi reports that their business duriiifhs j:iaet Jl months, shows an 'inrjfciuso 4t. 25 per cent over the busineHjil dolle during 1913. Virtually all Wi?Hr Spbuslneas comes from outside oil rfland ands much of the increase fJ attributed to buyers. Mr. Rice lnsQ-iti tligi-further Improvement Is the 4'hsy t&3ng that should be expected of'usrgsu from now on. f.. r YJ Plant Will Now X,ocat SiereS" jr , TIia Korln.'k VM?n4irvi Remedv company, heretofore jj?;eatii In Med ford, has decided to -m? Ms Poland Its headquarters because f4 internments offered here by local jimbs of the compiiny and better iJ;"ranPjortaUon facilities. Dr. Charles! KojHnek, who Is head of the corpof ujon, Sias been state veterinarian. ThetsempSy manu factures veterinary j'jdfs, stock . fnctures veterinary 'rfrneles. One of the principal" locals fveNrs Is W. Ml r.'i II. Hurlburt. -! atives during the wenti Cotractinc on a small srale is atjtti reputed. It Is said the Aurora stijon is about cleared ud this weekHikt 8lto lOo s pound. ..hi - Seavey llop r-ompaitl purtisased 84 bales of the Eldrldge lfarflit Vf-onia at a price paid to be bmtir tWn lOri a pound. The lot wasl Wporf&tl choice quality, i 5 V$ i m heen shipped since the i'ieasejif started. This leaves about 320jnirs tirf hand. the w 20 jo i rsitt A number of cars 34eroiSldld thl week ut $1.25 a centajyf o.'ifg country Shipping point, as s;( lrtejj;;t by Ths Journal several daysj Vgo. M - Growers have a nmri'titr of rdefs on hand hut they are-not-ilnxfejis sellers at hl tlm ff! ilaS FALL -WHEAT $G$MING to. Walla Walla. 5-An, weather other week of mild l5t"J has given the fall soJ What of the Walla Walla valley pidvantaga and the growers' feelRwrrf8lent that, with snowfall at the terWcr time, the plants will stand thfisieMlre winter weather without lnjuryjj j'Blk grain has an excellent appearand Aga the cool nights have toughenwR SthS" plants so that they will withstand tst$!iarp freeza without showing Its tf !Jt. Little rain has faIJ4 .-during the past week and the dtfiilfeBcy n pre cipitation for the yeaf ijiew amounts to more than two Inches' the rainfall since the first of Rejptinjber is nor mal, however, and thenwhat men say the ground is In idel i cpmiltlon for approaching winter. . . Foreign Eschail gl ipTCates. Merchants' . National Ibank. Quotes foreign exchange: J . j . London Sterling, tfLSOi ' Berlin Marks, 42.Rtf 1 Fj Paris Francs, 20.2& If ' ' Hongkong Cuirenc;jjK 85a. As Is Often flCase. . From Jugt&f " - rretty Stenographed -i if ' 1 marry you, I give up a salar.'j'if $25 a week. Arthur Goodlooks 3f 1 at all! As a special privilege youviiay keep on working. jg Cerbeck &Coo1Cq. Stocks, Bcbds .Cotton, Grain, Etc DIRECT PRIVATE WIRES TQALL EXCHANGES. . Members Chicago Board of Trade t Correspondents of Logan & Byraa Chicago, New -york. . - 21ft-ai7 Bdard-of Trjf&a Balldiaf . -a -