The Oregon daily journal., December 13, 1914, Page 21, Image 21

.THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, DECEMBER 13, 1914.
SERIOUS DISASTER THREATENS APPLE INDUSTRY
LOCAL BUSINESS NEWS
Is
V
Edited by Hyman H. Coheu.
CARELESSNESS IN APPLE PACKING IS VERY
Doernbecher Furniture Factory to Erect Sejpbnd
Unit of Extension; Gain of 20 Per Cent in
A PLEASING ASPECT
SERIOUS BLOW TO REPUTATION OF THE BIG
' PACIFIC NORTHWEST INDUSTRY. IS CLAIM
FURTHER IMPROVED;
ADVANCE FOR WEEK;
DEMAND VERY GOOD
"Business Shown. '
ti
ll r
MEAT PACKING PLANT FORGING AHEAD
MONEY SITUATION S
MUTTON MARE HAS
I
RESERVE
BANK
AIDS
2fo Lack of Quality but Lack of Proper Inspection Brings V ork of
Many Years Into Disrepute Among Trade; Condition Slay Be
Remedied According to Leaders of the Industry by Proper Atten
. tion; Small Marketing Agencies Are Blamed for Result.
By Hyman 1L, Conen, 1
Piir)AMiind In nttrlr. fhmiarh there
nan been no deterioration 1H quality. is
causing much adverse comment
throuahout the United States regarding
the apples of the Pacific normwesi.
Because some of toe grower ace less
careful in packing and sortingtneir
fruit, the apple industry of the "Pacific
northwest is in grave nanner. ih
some eastern competitors are lunuuv
In a destruction.
Leading fruit handlers of the coon-
try make the strong assertion that tne
SPPie growers 01 inn section nu .unicr;.
have pride in their output. Tney
charge that the reputation or Oregon
and the Pacific northwest as the pre
mier apple growing section 01 me
worm is peine aestroyea alter many
years or weary worn ana almost count
less expense to give it high standing
In the world s trade.
The time has arrived when slovenly
metnoaa or nacaing ana sorting enuuiu
not sro unchallenged bv the local rrun
interests. Because some or the grow
ers are deiicient in trieir outy in turn
ing out an noneai paca, me enure pru
ductlon of the Pacific northwest is be
ink condemned bv 1 the trade of the
world. Almost Irreparable injury has
mi react v . oeen aone dv tnese grower.
They have injured the reputation or
Oregon's pioneers, which was carried to
me lour corners or me woria simuiy
bv hard work and merit.
To the eastern and foreign trade.it
has been inconceivable that the Pacific
northwest could produce anything but
a nrsi class appie pacaea in an ai-
tractiva wav in a cr gnt. ciean dox.
The trade of the world could not con
ceive that anything but the best ap
ples in the world could be grown here.
Onlv throiiarh lack of Interest In sus
taining this rooutation by some or the
newer growers, wnose soie purpose nas
been simply to et the money, has the
world changed its opinion ox the qual
itv of northwestern HDnles. A.
Even the leaders of the world's apple
trade, who know the honesty of the
quality or. ine r-aeiric nortnwest appie.
say that something must De aone, na
dona autckly. to retain the reputation
this section has spent millions of dol
lars upon, as well as many weary years
of labor. There are periods in the his
tory of almost every product when In
ferior vunllty sometimes creeps In. The
best automobile manufacturer in the
world, as well as the best apple grower
in the world, sometimes turns out a
product below standard. Such matters
are unaerstooci tv tne anoie traoe. aa
well as by the buyer of automobiles.
Because, a buyer purchases a machine
that does not happen to come up to
standard does not mean that he Judges
the entire production as such. He
might view with some distrust tne next
trial of that product, but a reputation
for Quality is not usually ruined by the
sale' of one inferior machine, nor the
marketing of some apples that are not
first class.
The big fruit papers of the east are
full of criticism against the slovenly
fuck of northwestern apples this year,
.ittle effort is being made to conceal
their surprise that' such a condition
could exist. The world has always
looked upon the Pacific northwest ap
ple grower as a model for all other
sections. If apple growers here will
remedy at once the conditions upon
which criticism has- been based, they
will still en.ioy the reputation of the
pioneers of the industry.
That the Charges against Pacific
northwest apples are bused upon some
showing of fact, is acknowledged by V.
K. Owin. 'general manager of the North
western Fruit Exchange. "While there
are as good apples pBcked in the Par
ciflo , northwest as tradition shows,1"
says Mr. Owln, "other packs are shock
ingly degenerating. I think that the
criticisms of the trade and the trade
press are fully Justified. There is not
the slightest use to dodge the issue.
Orowers are face to face with the mort
serious problem 1.. their history. In
fact. I believe that the Industry today
is standing in its most dangerous position.
'It Is up to the grower to sav what
shall be done whether the packs shall
Vbe as good as of-old. or whether the
shall continue to slide downward and
excite the contempt of buyers genet
my.
Wllmur gels a-eneral mnmaarer of the
local office of the North Pacific dis
tributors, was eaually positive in stat
ing- that more care must be exercised
in the packing and grading of north
western apples. While the big mar
keting concerns have regularly estab
lished ' grading rules and maintain
them," says Mr. Selg, "there are many
who ship outside of these organizations
who are putting up the packs for which
tne entire Pacific northwest industry
la now criticized.
"I attribute the entire trouble to care
lessness. There is no deterioration of
quality. The northwestern apple is as
good today as it e-er was; in lact, it is
better.
"The matter is a most serious one.
and our organization intends to take
positive action to . remedy any defects
wnicn it may nave power to ao. we
believe that the Pacific northwest ap
ple will in X915 have its best reputation
to date."
The Frultman's Guide, a Chicago
trade publication, hands the western
apple pack this telling blow editorially;
"What's the matter with the north
west pack of apples? Once supreme
and. as near perfection as anything hu
man of the kind well could be,- it bas
fallen sadly from Its high estate. To
stand still is to retrogress. The north
western apple hasn't even stood still.
It is falling back quickstep. Hardly a
district with a few shining exceptions
in which the pack has not deteriorat
ed to such an extent that the suprem
acy once so oroudlv and lust&y
claimed over the eastern barrel pack? is
not seriously threatened. And while
the northwest is going back the east,
thanks to her state laws, that protect,
encourage and supervise the apple in
dustry, and also to agitation that has
succeeded in awakening the individual
grower to the importance of a perfect
pack, is coming forward. And it is the
individualism in the industry that
counts; the Personal element ' which
makes every man do his best and take
a pride In his work; which spurs him
on to outdoing his neighbors.
"What a reputation for perfection of
grade, perfection or pack it Duut up
with every grower working as a unit
might and main for the prestige of the
section as a whole. The Hood River
pack was accepted as a standard of ex
cellence not only by the trade, but by
consumers all over the United States.
It was borne in on the Individual grow
er that it was up to him to do his sbart
in upbuilding and cherishing a prestige
that would mean good cold dollars and
cents to him and to his section. The
personal element, the personal equation
were emphasized to the northwestern
grower. The importance of keeping his
pack up to grade -was pounded and
plugged Into the grower six days a
week and twice on Sunday. He was
never allowed to forget that on him as
an individual and a unit rested name
and fame. And what a name and fame
they were the, outcome or every
(luwcr lluiUHH ills vv.tj iviauitaiiij,
his very conscience into every box of
fruit he packed, just as an artist puts
himself into his picture, a poet into his
verse, for the love of doing good work
well. In tnose days a man couia puy a
box of these a-oles 'blind' In any mar
ket of the United States and never have
cause to .'repent himself of his our-
chase. Can the northwest say as much
today? Ask any buyer of box apples
in any market you may choose. Ask
the big and the expenencea receivers
of box apples who have been in the
northwestern apple deal since the in
dustry there started. They will all tell
yon the same tale that the pack of
the northwest has gone back to an ex
tent hardly believeable unless actually
seen. The old time perfection appears
to be as extinct as the D.odo-blrd.
"The grower seems to have lost his
personal pride, his sense of personal
responsibility. Receivers complain of
consistent carelessness, of regrettable
slovenliness, of apparent incompetence,
and at times of what would seem to be
forthright dishonesty. Pity 'tis, but
pity 'tis true; The apple industry of
the northwest is confronting a great
danger. It was built up on an honest
and scientific rade and pack, and any
thing in the way of carelessness, lazl
noua or nresumotion that menaces that
grade and pack menaces the industry
Itself and attacks it from its very
foundations."
i 1 ' "1 ' i 1
Henry Clews. New York Banker, Is
Much More Optimistic Regarding
the, Outlook; Business Recover
ing From Effects of the War.
HOP MARKET HAS A
STRONG TONE WITH
TOPS AT 12
CENTS
Further heavy trading was shown
in the hop market at Willamette val
ley points during the last 24 hours.
With only 63.100 to 60,000 bales re
maining unsold in the three coast
states, the trade is showing much
more inclination to pay 12c for top
spot stock with contracts firm at 11c
either for one year or for a term of
three years.
Conservative estimate made by local
dealers show the following supplies of
hops in growers' hands on the coast;
Baies
STOCK MARKET
HAS
GOOD ADVANCES IN
THE INITIAL TRADING
- ,' 1'-
jromts
.....9
,L....i
L..i..8
Receipts Are Inadequate to Fill
Requirements and Top, Lambs
Move to x $7SO -Hogs Erratic
With a Dime Advance.
.Low High.
estimate, estimate.
Oregon ..12,000 14,000
Washington ... .. 7,000 8,000
California ...,34,000 8S.0OO
63,100 60,000
A number of sales of hops were re
ported in the Willamette valley at 12c
a pound late yesterday. Some of these
were confirmed, but others were not.
Durbln & Conover purchased 400 bales
of the Cornell & Flannigan hops In
the Grants Pass eeetion at 12o and
another lot of 800 bales there at a
similar price.
Louis Lachmund purchased another
K00 hale lot from McLauchlln at In
dependence at 12c.
Twelve cents was offered for a
number of lots In the Yakima section,
but no sales were fully confirmed.
Joe Harris, of Salem, is reported
the purchaser of 600 bales in the St.
Paul section on contract for next
year's delivery at 11c, and other grow
ers have been offered the same price.
A private advice to a local firm
from the continent reported that stocks
Of best grade hops were entirely
cleaned up there, all recent sales be
ing at good prices. Continental brew
ers were reported the principal buy
ers. With the showing of but a small
supply of hops on the coast in grow
ers hands and with about 1ft -months
for brewers to operate before thev
can get the next crop, the situation is
naturally stronger. -
Points I t
Amalgamated ..2! Atchison
St. Paul 6 Erie j . ..
Pennsylvania . , 2 iReading-
New York. Dec. 12. The Inaugura
tion of dealings in special issues un
der prescribed restrictions proceeded
in . a most satisfactory and highly
gratifying manner. The 'relative abn
sence of liquidation was the predomin
ating feature, and, as a i consequence
thereof, shorts became nervous and
covered somewhat freely with the re
sult that substantial advances ' were
recorded In most directions.! If the
course of events today are to be re
garded as a criterion it is not improb
able that many issues will be added
to the trading list on the: floor of ex
change within a relatively short time.
The street, while watching the de
velopments in Europe very closely, is
disposed to consider that from a do
mestic viewpoint, the forthcoming de
cision in the eastern rate cases will
have a distinct bearing on the out
look. There was some j evidence of
support today in- certain quarters but
the same apparently was not neces
sary though judging from; the looks of
things, tne list win perhaps receive
the close attention of influential in
terests in the event that liquidation
should later on make its appearance
unexpectedly. j t
According to standards generally ac
cepted before the stock exchange closed
July 80, the share list even after re
cent recoveries, presents many attract
ive things to investors, but the situa
tion as a whole is still so complex as
to warrant a Judicious course being
pursued until tendencies are I more
clearly defined both in Europe and the
unitea states, especially Europe, waicn
is tne watenwora.
REVIEW OF THE MARKETS
mnch Eggs lower.
There was a weaker tone generally
with lower prices quoted for fresh
ranch eggs during the week. Utorage
stocks are not so heavy as had been
generally anticipated and for that rea
son holders were asking full former
firlces. Prices on fresh stock wereJ
ust as erratic at other markets along
the coast as here. The future seems
entirely a weather affair.
Cheese Market' Weaker.
While prices were showing no change
so far as the regular marketing con
cerns, there was a weaker feeling' gen
erally for cheese here during the week.
Home of the former buyers were offer
ing to sell at fractionally lower prices
than they had previously paid.
Butter Weakness Oathering. f
Oathering weakness was shown In
the butter trade locally as well as at
other Pacific northwest points during
the week. While quotations on city
output were generally unchanged, some
of the state creameries and outsiders
with a surplus, were offering' at re
ductions. Chicken Trad Batter.
With a better demand even though
arrivals were rather good, there was
a firmer tone generally for chickens
during the week in the Front street
trade. Prices were lifted in all lines.
Heavy hens were in principal inquiry.
Turkey Outlook Tavorable.
Outlook for prices in the turkey
trade here is generally of a very favor
able nature. While receipts during the
week did not, as' a rule, bring above
210 a pound for best dressed offerings,
the demand, was good even with a
rather fair volume of supplies. '
Onioa Market -Steady.
Steadiness was shown In the onion
market generally here during the wees
with association reporting sales at
it. IS a cental f. O. b. shipping points.
Sales were generally confined to the
Paclflo northwest.
Conmtrr Meats Improve.
The weakness which has been shown
in the local trade for country meats is
disappearing and for the week there
was a fractionally better feeling with
some improvement in the price of both
veal and hogs. Only the best quality
is showing the improvement. :
Apple Demand Greater.
AS usual during the period preceding
Christmas, a better demand is showing
for aooles locally and prices are slight
ly better for most varieties. Shipping
demand bas .likewise shown some ln-
creases.
Potato Trad Better.
Home what better movement was
The Savinar Co,
will pay: Hens. 12-13c springs; '-lse;
fancy geese und duvktf, 12c: turkeys,
fancy 1 live, 16-l7e; di-esKed. 20.-alr;
S-S'sc; Vfsl. tant-y. 1 1-
" Kemlttlng dally. No
Marshall 68?. 209-7
bogs, fancy.
11 He per lb.
commission.
Btark EC
shown in the potato trade here during
the week. Shipping to the south is in
creasing, especially for the better clans
table goods. Seed demand is good and
American Wonder purchases in the
Willamette valley.; were reported up to
$1 a cental.
Canned Salmon Tlrm.
Market for canned salmon continues
to show strength. Little stock of any
kind Is now reported in the hands of
packers and these are generally ask
ing full values for what is left. The
poor quality gooes are no longer in
clined to drag.
Demand lor Canned Shad.
That canned shad from the Columbia
river will hereafter be one oC the
staple articles of trade in tne nsn
trade is indicated by recent receipt
of orders for supplies from various
points along tne Atlantic seaooara.
Present holdings here are extremely
limited. Packers say they will increase
their output next season.
Canned Clams Are rlrm.
With the increasing demand ' for
canned clams from all portions of the
country,-packers are experiencing dif
ficulty in filling orders. Demand from
packers has been so great recntiy max
the fresh fish trade has received only
scant supplies.
Canned Milk lower.
With stocks of canned milk extreme
ly liberal at manufacturing centers in
tne Pacific northwest, the market has
been of very weak character recently
and nearly all condensaries have
quoted a loss of 16c a case for the
week.
Son Trade Very Active. '
Much activity was snown in tne nop
trade at Willamette valley as well
as at other points during the week.
There was likewise a iractionai im
provement in values. While outside
markets are not considered higher, th
fact that some of the shorts sold for
December shipment is attributed as
the real reason for the gain of lc gen
erally in the price nere.
San Francisco Grain Market.
- San Francisco. Dec 12. -Barley
calls: . : , i . .
Dec 13. Dec, 11
Open Close. Close.
T)Mmbnp ........ .. ... 126
Mav ...133 133 132
Spot prices: i Wheat Walla Walla,
11.9501.9614: red Russian, tl.92 Hip
1.93 Turkey red, 1 1.S5 1.97 ; blue-
stem,- i. 03
Feed Barley. $1.221.25.
White oats. 11.52 S 165.
Bran. $35.00&5.50; middlings.
l50.00W3i.oo; shorts. iiiB.uon zs.bo.
Omaha Hogs Higher.
South Omaha, Deo. la.-f'attle 22M. Mr.
ket kteady. Steora $0.D0& 10.50; nw and
helfera. 5.S0t7.Oi.
Ho(r 2580. Market 6lVc htber; bulk
tftnoiSJM): tan 17.00.
Sheep 1329. Market steady. Taafllnir T
5T.B5; weuiera. W -S.SS; iamb. .
B.iiO; ewes, tausu.Du.
Keeping Quality
Detriment to the
Local Apple Men
Walla Walla, Wash., Dec 12. That
firmer apple market and promise
of better prices before the end of the
present selling season find the fruit
growers of the Walla Walla valley
facing another predicament that of
poor keeping qualltiy of their fruit
was the statement of H. G. Barnes
of the North Pacific Fruit Distribu
tors' association yesterday.
According to Mr. Barnes, the anoles
which should be ready for the market
towards tne close or the season, next
February, have ripened so fast that
they should be disposed or now, and
the fruit which should be ready for
shipment at the present time is fail
ing in quality until storage men ex
press aoubt asi to whether or not it
can he kept long enough for profitable
aisposai.
. On account of the season s vaga
ries," he said, "most - apples ripened
prematurely, and abnormal conditions
along other lines contribute toward
unprecedented conditions. The war
has directly or Indirectly affected ev
ery point -which has; been consuming
vvasmngton and western apples. in
the south lack of money has prevent
ed dealers from handling our fruit.
As an instance of the real inability
of southerners to purchase our fruit,
I cite the fact that the North Pacific
association this fall received a propo
sition from certain growers to trade
cotton for apples. Our Canadian mar
ket has been poor, and in tms terri
tory vast quantities of second grade
fruit have been marketed in years
past. '
"At present everything depends upon
our ability to hold up the quality of
our fruit. We do not fear cold weath
er, but should there be a chinook wind,
lasting loner enough to warm uo the
Inland Empire, thousands of dollars of
damage would be the result, in the
softening of storage apples: In this
respect the eastern orcnaraist has a
great advantage over us. aa he is -in
no danger from our erratio Chinooks.
"The various organizations of the
northwest have - done everything in
their power to give' the horticulturist
fair returns ror his fruit, but they
have been in the position of 'bucking
fate; and the ultimate disposition of
our apple crop depends to a very great
extent-upon cnance."
WHEAT 0UTD00K IS GOOD
Walla Walla. Wash Dec. 12.
Weather conditions here have been
(rood for fall sown wheat during the
week. Farmers generally are pleased
with the "toucheninsr process tnrougtt
which the wheat has gone. The nights
have been cold, the mercury hovering
near the 20-above-zero mark, and
there i every indication that snow
will fell in sufficient quantity to pro
tect the fields before really told
weather come. Plowlnsr has ceased
owing to the frost in the ground, and
the farmers are giving their attention
to other details of ranch worn.
u
Range of New York prices furnished
by Overbeck & Cooke company, 216-
Z17 Board of Trade- building: t
Bjr Henry Clews.
New York Broker.
The local money situation shows
rurther improvement. B unds- are ac
cumulating and rates declining.
These tendencies must be attributed
first, to the beneficent- operations of
the new reserve banks, which have
greatly expanded credit facilities, and
second "to the dullness of trade,
which lessens the ordinary demands
for accommodation. The lowering of
reserve requirements under the new
system necessarily involved the risks
of too sudden ease and too much in
flation, in view of the large amounts
of emergency currency and clearing
house certificates still outstanding.
Fortunately both of these forma of
currency are being retired as fast as
possible; - and as the reserve banks
get into more perfect' working order
their control over .the money situation
will Increase and: the danger of un
wholesome inflation will vanish. The
inevitable increase of money and
credit will however prove a powerful
aid to business revival,, and if long
continued cannot but have a great
stimulus, not only upon trade, but
also upon investment values.
The tremendous extent to which
credit facilities have been expanded
is not yet fully realized, and until
the money market has adjusted Itself
to this heavy Increase in bank re
serves our bank officials will have to
exercise much discretion and re
straint if they intend to prevent an
undesirable expansion of credit. Care
will also be, needed to conserve the
domestic gold supply, which is large
and widely scattered ! all over the
country. Our best safeguards are to
persistently retire redundant cur
rency and to develop the export trade
as much as possible.
Our exports have i alredWy recov
ered wonderfully from the war. part
ly owing to the big foreign demand
for our foodstuffs, and partly to the
urgent inquiries for war materials
from the various "bellgerents. One
government official stated that the
war -will add $500,000,000 to the for
eign, commerce of the United States.
Violent fluctuations must be expected
to accompany the derangement of in
ternational trade. i
The world , has largely adjusted
itself- to the war basis; but as soon
as peace comes, another sharp read
justment will follow. The great in
dustrial nations, England and Ger
many, will return to work with in
tense eagerness to recover what has
been lost. Competition will , be keen
and prices low. This new rivalry for
foreign markets promises to exceed
anything the world has ever seen:
and what effect that condition will
have upon the United States is yet to
be determined. Possibly there will
be an inrush of Imports, particularly
under our new tariff. . At the same
time our . exports of merchandise
might temporarily decline.
Trade at home is dull. Reduced
bank clearinars. declining railroad
earnings, contraction in building, ac
companied by an unusual number of
business failures, all furnish unwel
come testimony in this direction
But. let it be thoroughly understood,
these statements represent conditions
that are passed. The tide has turned.
The country must look forward to the
constructive effects of a sound bank
ing system, to a period of easy
money and to the sustaining effects
of a good harvest. . The stock market
will be the first- to reflect these
better conditions, and were It not for
the war American securities would be
selling many points higher than they
are today. If it proves true that this
market has fairly discounted the war
and we think it has then American
securities are entitled to a substantial
recovery, provided the fortunes or mis
fortunes of war do not prevent. There
is one other factor on which much
hope Is being based, and that is that
the Interstate Commerce Commission
will yield to Intelligent public opinion
and alsj to the desires of the admin
istration by granting some portion of
the railroads' request for an advance
in rates.
PORTLAND LIVESTOCK RUN,
Wk. fending- Hogs Cattle Calves Sheep
Deo. 12 ....8139 1189
Dec 6- 8928 1029
Nov.. 28 ..,.,8190 . 1304;
Nov. 21 8065 1298
Nov. 14 .....7163 1100
Year ago..... 7499 165
2 years ago.'. 8698 1416
3 years ago.. 8520 996
.24
11
32
43
17
29
23
9
4ta
2059
2267
618S
2318 i
8908
2106
6034
7.85
7
25
With most of the attention of the live
stock trade centered in the Pacific In
ternational show at North Portland
during the week which by. the way
was the most successful ever held
here only a small amount of real
Interest was shown in general market
offerings and conditions.
The further advance in the price of
sheen and lambs was generally ex
fiected. While there was a rather fair
ncreaae in mutton and lamb offerings
over. a week ago, the market is still
In a famished condition and the
week's trade closed with prices show
ing more than normal strength.
General mutton market range: '
Old wethers .JS.OO06.2S
Best yearlings 16.50
Best ewes 4.75 6.00
Beet east mountain lambs.. 7.50
Valley light lambs 7.25
Heavy spring lambs ...... 8.75
xor Market Erratio.
While the market for hogs was er
ratio at North Portland for the week,
with receipts somewhat below those
of the previous six days, the market
ciosea 'iuo petter man a weeic ago, at
37.10 for extreme tops. At the start
of the week the market began to sag
and mere were rears that it would
drop to $3.75, but a rally later In the
day placed the price back to former
standing.
General bog market range:
Best light .' J7.00O7.10
Medium light 6. 8 0 6.8 5
Good to heavy 6.606.75
Rough and heavy ". .. 6.00fi.25
Stockers ... 6.60 6.00
Cattle . Prices Are Steady.
While weakness is still showing for
off quality stuff, the cattle market in
general was quoted steaay ror tne
week's trade at North Portland. There
was a slightly increased movement
over last week, due probably to the
stuff coming to the show, and while
poor stuff showed some neglect, there
continued quite a liberal buying call
for the better class offerings.
General cattle market range
Selected steers
Good to prime ..
Good to choice .
Ordinary to fair
Best .cows
Good to prime ..
Ordinary . .
Selected calves .
Fancy bulls
Ordinary
.7.25O7.80
6.50 06.76
6.75 W 6.25
6.90rt00
5.6S(H6.85
,5.25 6.60
8.00
6.2505.75
4.0004.25
RECORD PRICE AGAIN
REACHED IN WHEAT
DESCRIPTION Open High; Low Cloy ff
Amai. Copper Co.
Am. Car Foundry, c
American Can, e
American Can, pf. ... .1
American Cotton Oil. c
American Sugar, c. . .
American smelt, c. .
American Bmelt, pf..
Am. TL A Tel
Atchison, c. .......
Atchison, pf.
Beet Sugar
Bethlehem 8teel. c
Brooklyn Rapid Transit
Central Leather, c...
Central Leather, pf....
C. & a. W.. c
Chicago G. W-, pf....
M. a sc. f........
Chlno Copper
Consolidated . Gaa
Corn Products, c......
Corn Products, pf.. ..
uenYer e it. u., c...
DenTer a K. G., pf....
Crls, c
Erie. 2d pf ,
Erie. 1st pf
General Electric ......
lee Securities
Int. Harvester
Int. Metropolitan, e. .
Int. Metropolitan, pf . .
Lehigh Valley
Kansas City Soot her a.
M., K. k. T., c........
M., K. A T., pf
Missouri Pacific ......
National Lead
Nevada Consolidated. . .
New Ha Ten
n. y., o. a w
Norfolk Western, ..
North American .......
Xnrth Pacific, e ....
Pacific Mall 3. S. Co..
Pennsylvania Hallway.
p. u.. l. ot i;. i
Ray Cons. : Copper....
Heading, c
Reading, 2d pf
Heading, ibi pi
Bepublic I. 8., e. .
Republic 1. & 8., pf
UoCKi lsiana, pi....
Ht I. A S. F.. 2d brf
St. L. S. r.. 1st pr
St Ij. Jt s. v .. pi....
Southern Railway, e.
Tenn. Copper
Texas A Pacific...
T., St. L. 4c W.. c.
1., Bt. TT ., yt...
Utah topper.........
N abash, c
W. li. Telegraph
WeiUnghouae Elec...
6l14
84-
104
116
2"
42
85
36
100
6";
82 V,
116 I
8
'i
8
35
13H
J2
31
132
8
io
10
20
98
20
108
117
10
145
18
2
16
3
61
47
52;
104
00
"j
100
IV
r
83
lie
It
i4
9
22
88
189
13
62
1B4
SiO
:8
0
12
6a
20
101
21
108
1J7
18
W8;
38
17
SI
13-
01 H
8
ij6
1
20j"
41
85!
85.
Soo
fseT
S2U
8
-ft
20
siii
1.S3 !
L..J
io"
61
li
06
1
10
144
.1.
18
MARKET N
PORTLAND
68 i58
...fa.
lOVs
! 80
hi,
4T:
6Si
I 4
62
43
25
91
3S
104
66
99
117
93
98
30
41
85
35
100
116
8
61
:
35
137
22
90
133
20
27
10
44
54
20
99
68
108
116
18
147
61
84
IS
75
a
8
86
17
31
13
2
5
52
48
OS
65
Total sates for day 109,400 chare j
NEVADA MIXING QUOTATIONS
i i i
(Furnished y Overbeck isVCpoke Co.
Ban Francisco, Dec. j 12( Mining
4
0 iJV.Jl
stocks
Ooldf laid Xdst.
Stocks. , Bid. Ask.ldexicaa
VtUnta i . . 4o 4biiphir
31ue Bell. 5
3. O. I . . . .' ..
m. Fract 10
aiv 8
niam. B. B 6 i Belmont
Soldfid C.155 160pash Boy
txn Star. 8 . lOdalifai .
tt'srr Mines 40 41;ron. Mer
rn ...... 15 . 16!didway
Sil'rF. .C 14 15Mon. F.Ek
vernal .Mizpah E
fel'w Tierer 6 6'lsamark
1ffa.nhmtta.il Xdat. N. StarT ,
vlao. Cons. 8 Bfts'be j Eule, 7
(fan. Dx'r. ... lTo'pabi EaJ.280
JVht. Caps. r.na
Bid. Ask.
29 3i)
9 10
4
4
7
6!iavaeei,
103. Nevj. .
HUnion .
10T Tonopaa Ust.
. it
3
.1. 82
40
9
3
18
64
41
10
4
35
6
20
8
30J
Comstoek Xdst. j Otnsr Districts.
!on. Vir. .. 10
Confidence .10
Hale & N. 4
HiP. 6. PfceJc. 15 17
..IVev. Hills. 27
..Round lit. 8) 40
SHARP
ADVANC
R
E
WHEAT IS MADE WITH
FOREI
During1 the week higher cash prices
ruled for wheat in the Portland and
Pacific northwest interior markets.
Europe was even more insistent in its
demand for supplies and values in the
country at most periods were some
what better than the tidewater basis.
The week s cloning- show a sheer ad
vance of 40c a bushel in club wheat
over the prices made at the start or
the season. Yesterday's prices were
the highest values of the season to
date.
Wheat stocks in the interior are
comparatively limited even though at
tempts are beingr made by some pub
lications to show that there is really
a surplus, thus trying to force holders
in the country to unload. The latter
are extremely firm In their price Ideas
mi.i57 of wheat for the
and little business resulted during the 1915 narve8t. if preVallinn sentiment
Oats and barley markets likewise
showed a steady .to strong tone at in-
BUYING
Chicago. Dec. 12. Wheat closed 1
lc hieher. Unexpected bullish de
velopments in wheat today rather took
the trade Off Its reet and yet when
the market Is surveyed after the close
it is discovered that the May price is
up but lc. while the bull news in
in circulation . during the session
was such as would have added sev
eral cents to prices a couple of months
ago. The chief influence for the day
was the claim Dy leading export
houses that sales of wheat to the sea
board and abroad here the past 48
hours have aggregated 2.000,000 bush
els. Before the close Omaha confirmed
export sales of 200.000 bushels wheat.
English cables reported a removal
of the Import duty by Australia. Ex
port clearances of wheat ' and flour
for the day were over 1,500,000 bush
els, and something over the total pri
mary receipts. Although northwest
receipts have fallen off considerably
for the week the messages from Mln
neaDolls today conceded that cash
prices were at a little less premium
than early m the week.
HelDed by the action in wheat, bv
one-half penny advance in the Liver
pool corn market and persistent re
port claiming much lighter country
offerings of ' corn. 1 futures were ad
vanced moderately I to (3c for De
cember and 69c for May. The edge
was off the market at the close at
63c and a spilt over s c for Ma v.
ShiDDing houses did not aerree on the
volume of sales, probably 300.000 for
the day. I
A Liverpool journal after lnvestl-
sratinsr finds that cattle on feed in
surplus corn states are about 65 per
cent of the numbers of a year ago. The
disease among livestock is sure to
leave large quantities of corn for ship
ment, which are usually fed. Present
stocks are mrce, ana win De larger
when the railroads : can clean up their
tracks.
Oats, futures made about c grain
for the session, closing at the top and
Influenced almost entirely by the ac
tion In wheat and corn.
terior Doints durlna? the wlc
Soot urlcea on the Merchan.' Czchanea
dcruif the week:
BID PRICES:
Sat. FTi. Thurs. Wed. Tues. Moo.
WHEAT.
Blnestem
SI. 20 f 1.18 81-18 81-19 . 1.19 81.19
Fortjrfold
$1.19 $1.17 $148 $1.18 $1.18 '$1.18
Club .
$1.18 $1.17 $1.17 $1.17 $1.16 $1.17
Red RuRSian
1.11 -81.111 $1.10 Sl.lO 1-1J 1.1U
Red Fife
$1.13 $1.12 $1.12 $1.11 $1.18 $1.12
OATS.
Feed
$28.00 $28.00 $28.00 $8.00 $28.00 $28.00
BARLEY.
$25.00 $24.75 $24.60 $24.60 $24.50 $24.50
Brewing
$25.50 $25.50 $25.50 $'J5.50 $26.00 $26.50
MlbLSTUFFS. '
Rran
$2o.30 $23.50 $23.30 $23.50 $23.50 $23.50
Short -
$24.50 $24.00 $24.50 $24.00 $24.00 $24.00
CLOVER
Nominal No
Range of Chicago prices furnished
bv Overbeck A- Cooke company, 216-
217 Board or Trade nuilding
Open. Hlrb.
WHEAT
Low. Close.
Dec. $1.164 $1.18 $1.1H $1.18B
May ..... 1.20 122 1-20 1.22 A
-CORN.
Iec. ..... .62 .63 .K .638
May .69 .69 .68 .69
OATS
Pee. ..... .-47 .47 .47 .474
May .51 .61 Jl -61
PORK
Jan. .... .18.00 18.02 18.00 18.02
May .....18.50 18.52 18.47 18.50
... LARD . , '
Jan. ..... .7S' -V. 75 fl.72 .TS B
May ...... 1&. 00 lO.uT. 10.00 10.00
- RIBS'
Jsn. ..... S.TS . 80 .? 0 77 B
May .....10.10 10.13 10.10 - 10.12
naaft Win Bs Bnlarred.
Frank 8. Doernbecher, president of
the Doernbecher Manufacturing Co., la
building for the future. He Is Just
completing the Installation of a big
Babcock & Wilcox Burling boiler with
a maximum horsepower of COO. The
immediate construction of a concrete
building 60 by 105. two stories high,
to house the mirror plating plant and
enameling room, will begin.
This building is the second unit of
a proposed concrete structure that will
be, eventually, over 400 feet long- by
105 feet wide, and range from two to
six stories in height. The third unit,
which will be the six story segment,
will be started In the near 'future,
probably Just as soon as the enameling
and mirror plating unit Is completed.
The last two units will then be built
as rapidly as Mr. Doernbecher s super
intendent of construction can take care
of the work.
The output of Oregon made furni
ture of the Doernbecher Manufacturing
company this year will reach $700,000,
this representing approximately a 20
per cent Increase in business over 1813.
Lack of room in the finishing d
partment prevented the Increase reach
ing 25 per cent, Mr. Doernbecher states,
He expects that the outturn in 1915
will be at least 25 per cent greater than
in 1814. -
Through personal acoualntance with
the selling head of a large firm or
Baltimore importers, Mr. Doernbecher
was enabled to secure (50,000 feet of
Russian Circassian walnut veneer of
the highest quality. Just after Russia
placed an embargo on the exportation
of this wood. There are, Mr. Doern
becher says, not over half a dozen fac
tories In the entire United States which
have any of the Russian variety in
stock and none of these, excepting him
self, is located west of Chicago. This
veneer represents a total Investment
of about $50,000.
Tear Shows An Increase.
Legally speaking, Ballou it Wright,
bicycle and automobile supply house,
have submitted their evidence Of the
year's business with a balance sheet
marked "exhibit A" which shows in
creased profits for the firm. "I will
say without a moment's hesitation that
our firm has done more business In
the fiscal year ending November 80
than for the 12 months ending one year
ago. Another surprising feature of the
growth is that we sold more goods In
November than in October. This fact
is Important because usually October
exceeds' November in the volume of
transactions because of the seasonal
demands. - Just now we are placing
heavy outside orders."
Hild Agreeably Surprised.
F. W. Hild, general manager of the
Portland Railway, Light & Power
Co., was a surprised man the other
day. In scanning .the records of the
day's passenger traffic business he
found that a marked improvement in
conditions had taken place. Just a
short time previous the reports had
shown a falling off of 11 to 12 per
cent In the receipts. The later reports
indicated that - the decrease as com
pared with normal conditions was only
about 5 per cent. Mr. Hild said: "Peo
ple are coming out of retirement, so
to speak. There seems to be a feeling
of optimism abroad in the air. I look
for a vast Improvement of business
in general for next year. The heavy
tourist traffic to the Pacific coast
will benefit Portland immensely."
Jimmy Bona BTo Quitter.
"Pacific Northwest farmers must
a'
raise wheat to feed the powers bt Eu
rope; sawmills and logging camps mast
reopen; times are sure to be- beKer la
the spring. X am holding my 'own
getting some business and receiving
many inquiries: I am not a a u titer and
believe that the right kind of auvertls-
4ng pays; I have been la my present
location in roruaaa six years- and I
am going to stick. People must have
clothes and X am the origins') "up
stairs clothier.' Nuff sed."Jlmtny
Dunn. . S p
Kan Vot Afraid of Work. . jH -.
W-O-R-K. - fl; -
Work, in capital letters, is the busi
ness motto of L Samuel, general man
ager of the Oregon Life Insurance
company. Mr. Samuel spells jvork in
"caps" whenever -he sends out ;a. letter
In which the little word occars. "1
am a believer In hard work," be, says.
"Close application means success. I
am proud to say that my business for
the fiscal year just ended is ahead or
the record of last year. TheSe Tacts
are actually disclosed by the looks in
my orrice. i am one or me original
boosters for home-made . good", tod,
don't forget that Patronise home In
dustry is my hobby." I if ; .
Packing Plant rorglag AbeaA. p
"A visit to North Portland during
the curcent week, when tfe' Stock -Show
la belnr held, should certainly be.
a tonio for any of the proverfelal "ca
lamity . howlers whom wo seem to
have In large numbers In our midst,
Tt XT n,iw Ilia SAttl,lvlA
Realtv board. , S
"First pf all. one sees hundreds of .
head of cattle, sheep and Hdga, all.
specially prepared for this holiday ex
position and upon proceeding jko the. .
plant of the Union Meat com pirn y the
exterior looks like the promised pros-
perity is certainly with u, saa pile
JlAla ast A AfVinlAtrcVrl 1 -fc MAnbt'lillAl'.f'l
u a a w aa a sat n emiuiui au vuima a uwwaaian.
new improvements to the planet of the
Union Meat company and to tlyi Allen .
smngie company, wnicn is rmoving,
their plant from Allen ville, Washing- "
ton, to North Portland.
"The live stock and packing jjmsinsss
of the northwest continues td expand
and grow and the -Union Meit com
pany is forced each year to spend many
thousands of dollars .to keep Jup with ;
tne growth of tneir business Tney
are now installing additional fefrlger-
ating machinery In their psyr plant
ta nrovlde fop the Inerenjtori sV-wiiilr.
ments made necessary by tha: growth ,
of their business. ,: -"
"Total value of 1114 hand ledJh rough
the Portland Union 6 took Taffli com- -
pany will approximate $18,000,090.
Shingle Plant Will Corns. I ; :
The Peninsula Industrial iromoanv
h.. 4 .... 1 .. 1 , . ... , . t-
Allen Shingle company of AJlenvtlle,
Washington, to move its plifai front
struction has been under way for 18
days and the new mill for tie Allen
onuiuie couiptwy, wuen complete, win
employ .36 men, mostly- married, whose
families will move to Portland. The
Allen shingle mill Is "being constructed
on water front property immediately in
front of the Union Meat company plant
and all the refuse incident to ithe oper
ation of a shingle mill, whlh gener
ally goes to waste and at considerable -expense
to the shingle 'mill p to be
converted into cut fuel and consumed,
in the power plant of the Urjlon Meat
company, thereby converting what
was formerly a liability in the shingle
operation Into an asset, to the credit
of the Allen Shingle company.
ALJ CAT" Dl AMTIMO A DC A
vvi li rv i I Lni-N i iinvj Ti ua i;;
LIKELY TO BE HEAVY
By Charles JL Daugherty.
Statistical Scientist, Department of
Agriculture.
As a result of the war in Europe,
a world-wide tendency exists to in-
should be realised. doubtless the
most extensive area in the history of
the world will be seeded during the
present autumn and coming spring.
The tendency is universal. A pros
pective heavy demand for this im
portant food grain by the importing
countries of western Europe is like
ly. If seeding conditions favor, to give
extraordinary stimulus to sowings
of both winter and soring varieties
in the two great exporting countries
of North America, and to tnose sow
ings now being finished under auspi
cious circumstances In British India.
In the southern hemisphere seed
ing was completed before the war be
gan, and the effect of present eco
nomic conditions upon extension of
areas there will be manifest only In
the spring and summer of 1915. It is
pertinent to note, however, that the
extent of land now under wheat In
Argentina for the approaching mid
Winter harvest Is. owing to a wet
seed time. 761.000 acres less than
that of last year and that the grow
ing Australian croo has been so r
riueed bv drouth that there will be
little or none for export. The prom
l A .......tin.. nnlw1th,t,nMlnff thfl
SEED Buying price: ced acreage? Is for a total yield
i. recieaneo, ijc; oroj- nucb ln excess of that of last year.
nary, lorffjic pounn; aisiae. iicppuno-j ,n Europe, where ordinarily over
FLOUR Selling price: Patent. 86;i-i? the world s wheat is produced.
Willamette valley. $6; local straight, the indications are that all available
$5; export straight. $4.60; cutoff, $4.60; ! iaDor resources, in both neutral and
bakers'. $5.80.20, ... Contending nations, will bs utilised to
HAY New crop, buying price: Wil-lne utmost for getting in full or in
lamette valley timothy, fancy. $13'tf creased acres. A wide extension of
14; eastern Oregon-Idaho fancy tlm- B0wlng8 in come countries Is assured,
thy, $1615.60; alfalfa, $13; 4etch ; rn jtaly . whose wheat acreage is
and oats, $9 10: clover, $8 per ten. . ! ordinarily second in extent to that of
GRAIN BAGS 1JJ4, nominal; no. , no 8tate ln Europe, .excepting Russia,
Calcutta, $8.268.60. ! l 000.000 acres, it la said. Will be
MILLSTUFFS Selling prices: Bran. itfiEi i t th. rron. r
824 & 24.50: shorts. $26 W 26.50 per ton. i th. rnntendinsr countries reports
CEREALS Case goods Best rolled ni.t. ht' notwithstanding the
oats, $3.60 per case 36 packages; best dearth of customary farm- labor
roiiea wueai .oo lor as a io. pat-- caused by the war, extraordinary el
ages. Sack goods Cream rolled oats, forts are being exerted in autumn
$7: fancy flaked rolled oats. 36.50: oat
meal steel cut, $7.75; 0atmeal, ground
$7.25 per DDI.; split psas, is. 7 6 per iuu
oariey, 100 it. sacks, so;
er Daie.
lbs. : Dearl
? as try flour, 10 lb. sacks, per
3.25; graham- flour. $6.60;
wheat. .&; rye, i per ddl
Futures ruled today:
Bid.
Jsn. Blnestem $1.21
Feb. BluetB l.-'a .
Jan. 40-Fold 1.20
Feb. 40-rold 1.22
Jan. Clue ................. 1.1B
Feb. Club 1.20
Jan. Red Russian ......... 1.13
Feb. Red Russian ......... 1.14
Jan. Bed Fifx .............. 1.15
Feb. Bed Fife 1.17
OATS.
Jan. oats $ 28.;
Feb. oats Z. W
May oata 32.00
BARLEY.
Jan. feed $ .0O
Jan. brew's 28.00
BRAN.
January ........... $ 24.50 i
seeding. The services of women ana
children, nien exempt from . military
u"irtr rfii8. nrlsoners . of war.
a n .r.lrllerB tt.mDorn.rilv : relieved
from the ranks, are utilized ln the
fields as occasions permit and re
quire. Because of strained labor con
ditions and of the occupation of cer
tain - territory during seed time by
contending troops, some local con
tractions of area seem inevitable in
raged ln war. The reduction, how
ever, is likely to be compensated by
increased ffowinks in neutral nations;
and In Europe, as a whole, no exten
sive diminution of the wheat acreage
seems imminent. The slight decline.
n officially returned, ln the area
t 20.50 winn to winter wheat in Russia this
80.00 fall was due chiefly to adverse
a3.oo . weather and is of little significance,
i
$ 26.00
: 26.90
whole ,
Ask.
$1.2-.!
1.24
-
1.24
1 21
1.22
1.14
. 1.1.'.
1.1
1.18
' -
- ii ' -since
by far the larger proportion of
ths Russian wheat lands is invariably
devoted to the culture qfii spring
wheat. . - ' h:-!
In western Europe, particularly in
England and France, the autumn
sowings of wheat are, from i. various
causes, now somewhat in arrears, but
as a large part of then cofiptries is
favored with a' mild tlimatev making
sowing operations possible itat times
during the entire winter little
anxiety is expressed over tile present
delay. Reports from Germany and
other countries of . central Europe
indicate that seeding: operations have
been carried on with activity, - the
chief obstacle contended wlili bavins:
been the disturbed state i.or - labor
brought about by war. t S
Additional reports receivad during
the apast month concerning, 'the 1914
world harvest show that the short
ages in some countries, a compared
with tne previous year, were larger
than shown In -arlir estimates.
Though no derailed official ,. figures
have been- published, the" crop of.
France Is stated on authority -tif the
French department of agriculture to
be between 290,000,000 and 00.000,0.1
bushels, an estimate comm6nly con
strued as indicating a probable yield
of about 295,000,000 bushel. The Ital
ian crop, according to the final offi
cial figures, amounts to - 169.00O.000
bushels. 8.000,000 bushels haxs than
the preliminary estimate.! Prussia
reports a yield of 17.000.060 bushels
below that of last year, i'iinu . Rou-
mania returns less than half a croo.
A second official estimaCA' oil the
Canadian crop puts the 1M at 158.-
ZZ3.000 bushels, as compared, with a
previous one of 159.C6U.OOO o bushels.
Deficient yields, as compared with
those of 1913, are also reported from
the- less - important producers. Bel
gium, Denmark, and Switzerland.
The aggregate shortage ti pf wheat
this year, as compared with last, in
all countries from which returns
have been received up to date. Is over
3c,4Uv,uuo pusneis, mat in bumut
alone amounting to 323.O0tf.00O. The
complete total from all countries.
however, is -not yet available.
. : Denver livestock Market.
Denver, Cole.. Dee. 12. CattlMKn. Market
steady, Stsers $6.n0(t7.:: rows sml belter.
$5.o4fs.80: ttoekers ana reeuers a o,uutc-3"l
cehfto, STfoqthSSg . , '. . : ,
ling s -wooe, t t .n i
Bbsep 1900. Sltrket stslr. -
$ 24.73
Vow York Cotton Market. .
'(Furnished by Overbeck & Cooke Co.)
New York. Dec 12. Cotton market:
fran!
Mch,
Open ""High. Low.
Close.
698
TRANSPORTATION
STEAMSHIP BREAKWATER
May
July
Oct.
Doc
- ........ , .. . . . ,r,
7ie 7:o : 7.10 7i
729 737 j 72U 726
74S 753 - 743 - 751
77S 781 ! 772 70
667 . 7' j 673 (&
Mafia ns; AJnawofth dock. Portland. D. at..
?'!Eery Tneaday. Fnigtat and ttrbet office
71? lawr Ainamttk deck. P. O. B. S. 8,
L. H. Kaatfiia-. Aaaat. none seoe.
2333. City ticket ott ice, 0 Bixtl. street.
w. buck, afeax
Overbeck
Stock, Bond
Cotton, Grain, Etc
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES -.
Members Chicago Board, of Trade
Correspondents of Logan, By ran
Chicago. Jlew Yofk. ,
8ia-ai7 Board of Trade 'sfuUdUf.
i
V