THE 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 -