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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Jan. 10, 1915)
10 THE. .OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY. MORNING, JANUARY 10, ! 191$. " MOST SENSATIONAL WEEK I N GRAI N TRADE HISTORY " ' ' " . . - '." ; ' . -, K w .. . CREATES T ADVANCE IN WHEAT OCCURS IN THE VEEK-S TRADING Quotations Here Blake Spirited Rise. Almost Every Day Famine of Supplies In Sight Other Cereals ; Are Higher. ; SORTING MEANS A PRICE FOR BETTER ALL VOOL SUPPLIES Lack, of Suitable' Packing Results , In r Heavy Losses to Growers as Well as to Manufacturers; For eign Flooce Is Much Used. ' Not In the history of the local grain trade has the entire cereal .narket made such a persistent and sensation al advance as during the last six days on the Portland Mercnanta' Exchange, as 'well as In the' Interior. The Portland exchange has become, : all of a midden, the leading market for cereals west of the Kockles. Trading here was rather extensive during the Week, and every day alio wed a very substantial advance in the price. The trading here on the local ex change during the week was legiti mate. While It may be truthfully stated that only a very small per cent ,: of the wheat crop remains at present In the hands of producers, still dealers who had purchased heavily at lower prices, have been quite willing to take some of their profits recently. While some of the milling interests ' who had heretofore been in absolute control of quotation making for cere als here took upon the local exchange with much disfavor, because, in it , they see the last vestige of their pow er to control the market vanishing. They see their chances to dictate to other millers and farmers what the price of wheat shall le disappearing. Tliey view with alarm anv change In - the system, but they are overruled by the fact that the bigger operators are active supporters of the new and def inite market. t "Wheat Tamine In Bight. There Is no disputing the evidence ef the handwriting on the wall. A famine of. wheat supplies along the ; Pacific coast, If not throughout the . United States. Is visible. If California takes the normal supplies of wheat that section usually buys from the Pa cific northwest during the early , spring, there will not be a bushel available for the local m.lllng frater nity, i This much Is assurea. While some" of the Pacific northwest millers " have quite fair supplies of grain on hand, i most of them have sold their .holdings. Fortunate for millers, perhaps, as well as for the avernge consumer. Is the fact that stocks of patent flour are unusually liberal at this time, -nd this - may, In a measure, make up for the shortage In grain. However, ks the Atlantic seaboard has recently ap- ? eared as . a rather liberal buyer of lour In the northwest, and stocks go ing to Europe are increasing, it isaulte possible that, unless care Is taken, a . shortage will be shown in flcur, as well as' wheat. i For i this condition, seemingly, mil lers are not to blame. The price ; of flour has all through the present sea son been sharply. below the actual cost . of the wheat. Wheat could be sold any day but the market for flour has been dragging. It was small wonder there- " fore that millers took their profits by : selling wheat rather than grinding, It into flour ! Oats Situation Stronger. So strong was the oats situation during the week that values ascended " at the most rapid rate wer known here. Bpot prices on the Portland Mer chants' Exchange are $3 a ton higher . than on Monday and at the closing of the week the market showed more strength than when it was lower. Barley prices were also sensational during the week, there being an ad vance of several dollars a ton all i through the line. Patent flour prices showed an ad . vance of 40c a barrel during the week. : although one or the big mills advanced i its Quotations only 20c. i CIjOVER 8EED Buying price: Nominal No. 1, recleaned. 12c; ordl j nary, ilOtfSllc pound; alslke. lie pound. FLOUR Selling price: Patent, $6.40 s.0; Willamette valley. $6.4006.60: i local i straight, $5.40r2,5.60: export i straleht. $5.005.20: cutoff, $5.00 i fch 20: bakers'. $6.406.60. HAT- New crop, buying price: Wil lamette valley timothy, fancy, $13,000 1 4.00 si eastern Oregon-Idaho fancy tim othy. $15.00 ft 15.50: alfalfa. $13; vetch ! and csits, $9010; clover. $S per ton! OTtAlN RAGS 1915. nominal, No. I ! Calcutta, $6. i MILLSTrFFS Selling price: Bran, j 2.0qtP2S.60; shorts. $30.0030.50 per ! ton. V" --if- -. WHEAT , Sat'ssy. Fri. Thurs. Wed. Tue 1.42 1.42 ; rortyfDld 1.40 1.40 I Clnh I i t.38- -1.119 ! Refl Rustlan ItMH 134 Red Fife : , 1.32 1.35 Edited : by. Hyman H. Cohen.' WHERE IS THE PRICE OF WHEAT! Mod, $1.40 $1.38 $1.3? $1.32 i.no 1 37 1.331 1..-.8 1.35 154 1.32 1.C0 1M 1.31 .1.32 1.27 33.60 1.33 ISO OATS 33.00 32.00 BABLEY 1.301 1.27 31.501 30.75 29.00 2.t3 27. BO 27 .501 27 JO Hrewlns- 29 AO 29.50 Urani-' 2.6oi 20.00 29.00 0 . 20.00 - trnturea yesterday : - . WHEAT ' -. ' February braestctn ......... klarcB bluestem Mar bluestem 27.50 27J 20.00 28.00 MILLSTUrVS 28.00 27.25 27.50! 26.00 2K..V) 28.00 28.001 27.00 The Americin wool growers are los ing many thousands of dollars every season because of their unbusinesslike methods of wool selling has caused some of the leaders of the Industry to agitate new methods, both of sorting as well as in taking the fleece from the bheep. The reason why foreign wools have become so popular with American as well as European manufacturers Is that the fleece is put up according to quality, and Is not simply bundled to gether, as is the domestic product. This is the reason why American man. Hifacturers have in time past been wil ling to pay more for foreign wools than for the domestic article. Inbuyin the foreign stock they have been able tn secure lust what they needed, while in purchasing American fleece the buy er was compelled in most Instances to take quality for wnicn ne naa aoso lutely no use. At the Yorkshire agricultural show, held In Bradford, England, on July 21 24, 1914. the wool section, arranged by a co-operation of the Bradford Cham ber of Commerce and the British Asso elation of Wool Buyers, was a new fea ture, and at the same time one of the most iateresting of the show. It con tained, in addition to wool exhibits, for which prizes were offered, exhibits to illustrate to farmers the faulty meth ods of preparing and' delivering wool for the market, and also various classes of colonial fleeces showing the compe tition which the English farmers have to meet. At intervals, during each day of the show, short addresses or prac tical talks were given to farmers on the' preparation of wool for the mart ket A number of excellent sugges tions were offered so as to secure im provement In this matter, and In view of the interest now taken in the Unit ed States to bring about an Improve ment in the preparation of the Ameri can wool clip, the following article from the Yorkshire Observer of July 22, 1914. entitled. "Preparing Wool for Market; Hints for Growers," may be of general interest, as also the follow ing recommendations Issued by the British Association of Wool Buyers for improving the get-up of home-grown wools for the market: Washing Sheep to be carefully washed and clipped within 10 or 12 days after washing, otherwise the wool cannot fairly be sold as washed. Sheep should be properly dagged before washing, as tfte manure not only dis colors the water, but damages , the fleece. Clipped When Dry Sheep to be thor oughly dry before being clipped, as wool clipped in a damp state quickly deteriorates in appearance and value. -CliDDinir Yard The yard or shed where clipping takes place to be kept as clean as possible. Every care should be taken to keep wool free from grass, straw, or vegetable matter. Winding Wool The fleece to be r.eatly wound (no .string or twine should be used). All dagglngs to be taken off. Locks and broken wool to be packed separately. Djp No dip which discolors the wool should be used. Branding The sheep to be branded in such a manner that little of the marking remains when fleece is clipped. All parts affected by tar and composition have to he clipped off be fore the wool can be used, these being of little value. The association recom mends all sheen to be marked with a mixture that Is soluble In hot water, and whenever possible on the head. " Storing It is veiy important that wool should be stored In a dry place, and kept as clean as possible. No grain should be near the wool, as It is often carried nto the pile by vermin. Weighing- No reliance can be placed in the weights of wool weighed In bulk at the railway stations. The association recommends that wool should be weighed in some more reliable manner. ' The railway compa nies only weigh for traffic purposes, and do not guarantee correct weights between buyers and seller. The wool section also contained sam ples of a new sheep-branding material which has proved soluble' in the or dinary washing process, aftar having previously fclood the' test of the weath er for six months and retained its ef ficiency as a mark. Tar and paint are most objectionable materials for brand ing, and it is estimated that their elim ination from fleeces at present costs the trade of the Bradford district something like $500,000 a year. Chicago Wheat Is Sharply Lower for All the Options OREGON APPLES IN CLASS BY THEMSELVES; SECURE WORLD'S HIGHEST PRICES By Hyman H. Cohen. Oregon apples are in a class by themselves. They are known from one end of the:ivillzed world to the other as the 'best that nature" can pro duce. They are likewise the highest priced apples in the world. It has -been stated in some quarters that the fine ldoks of the Oregon apple was what brought it the world-wide, reputation, but while this may be true in attracting the attention of the trade, still only through superior quality .could the Oregon product retain its lead year after year as the highest priced apple in the world. Oregon is really the mother of the modern apple' market and Industry. Here was produced the apples that set the world aflame with delight. Here the entire world was taught not only how to grow and pack good apples -but how to market them. - Hood River is known wherever the' taste for apples has reached and record prices were received for the offerings, while Rogue River offerings - have in late years shown a like demand. Ewery box of apples marketed from Oregon's premlerproducing sections contain the words "Oregon apples" to distinguish them from the product of other states. That there Is real value in the title "Oregon apples" is in dicated by the fact that previous to the passage of the pure food law many sections are said to have marketed their product as the real Oregon growth. Such practices wer stopped when the government threatened prosecution. ' Recently some of the local banks nnrl inmmniiii Projection of all-Oregon marketing agency foi apples and other fruits of this state. The marketing of Oregon apples by Oregon institutions is considered most.Uai.to S. industry of this state The Western Oregon Distributors, an affiliation of the Jsorth Pacific Distributors, with headquarters in this city; has charge of the marketing at this time of the greater portion of the state a output. The Northwestern Fra It Exchange markets some of the Rogue River and Mosier and Hood river output. Other states with greatly increased acreage and with a large Per cent of the planting In sections where all experts acknowledge at this time can never produce apples on a commercial scale to compete with the excellent quality Oregon prodilct, have their marketing problems galore-, and the Problems will become more intense as the greater acreage comes into bear- The fact; that this state grows the best apples In the world as Is con flrmed every day or so by sales in foreign markets means that erowers of this state .should band together and thereby retain the lead they have held since modern apple growing started. , LOOKING FORWARD A MORE HOPEFUL SIGN Fl )R BUSINESS SHOWS Henry Clews, New York Financier, Write That Nothing Is to; Gained by Gazing Backward; Outlook Is Very Promising HEAVY RUN OF HOG SUPPLIES CAUSE A DROP QUOTATIONS Local . Packers Are Compelled to Support the Market and Take Supplies They Did ' Not Need. Sound Killers Bearish. . TRADE CONDITIONS ARE IMPROVING IN COUNTRY Krbrtiarr forty folJ . mom ... Kibruiry .-lub Murrh forts Mamh club Vabraary Ke! KiiuhIio aUrcs Bed KumUb V ; OATS , February Marck Rid. .$1.4 . 1 45 . 1.48 . 1.41 . 1.4244 . l.S8s . 1.41 . l.XS . 1.33 February March. .. February ..$34.2S .. 3T..50 .. 37.5V l'Efcl) BAULK ....$29.5e 31.00 BRAN $28 75 Ask. $1.45 1.47 1.40 1.44 1.40 1.40 1.43 1.33 1.35 $35.00 36.00 38.50 $30.00 21.30 EARLY SELLERS LOSERS ' Walla Walla, Wash., Jan. 9. The ' high mark for many years was! touched by wheat, in Walla Walla the past week, when $1.27 was offered for club. But even under such unusual condi tions there were few sales worthy of - mention, for the farmers sold last fall w hen the quotations soared I to ' near the $1.00 mark. ! -Local people who have a falling for figures are summing up in dollars and cents the amount-of money f loat by some of the more extensive ' farmers who failed to hold their 1914 crop, and who sold "for 70 r.nt. One far- , iner Is credited with the loss ef nearly $70,000. while another's loss -totals $55,000 figuring, of course, on what they would have received had: they re tained possession until the ! present .: time. - - Those arrowers who have wheat on hand are not anxious to sell, feeling certain of higher prices in the market In the spring, or are banking upon sell ing their grain at gUt-edge prices to those who may be in need of seed wneat la the spring. . Hubbard Joins Falrchild. W. A. Hubbard, who recentlv sev. ered his connections with the Portland house of Frye & Co.. has Joined forces who my- p aircnuo ana win nave charge of the rrholeaale and retail end . Of the butchering concern. Mr. Hnbhunl has for some time been one of the best - operators in me Front street district St. Louis Wheat Market. '," - , , V?'?'8' Jiv 9. Wheat May, Chicago, Jan. 9. Wheat closed 2? 2c lower. There was great action, both early and late today. The first thing In order this morning was a de cline of 2c in the May price to $1.3S?a. Influenced by the curb rumors late yesterday and' an uncertain feeling. After the early dip tHe trade seemed to get on its feet again and seemed to take the buying side when a half dozen of the largest houses started buying. St. Iouls claims of active buvine on wheat by southeastern millers and a. remarkably Strang recovery in north west markets led by Minneapolis, gave a bull turn here which carried May up to $1.41 and July to $1.26'; Evidently the trade became overbought on this swell, LaSalle street leaders who were sellers around top prices of the year yesterday, turned to the Belling side anln tha 1net hnn taHav T-lil. o.n. f&ZQ ed local holders in a selling flurry and wim no adequate snon interest in the market-there was a violent break of 3c from the high point. Range of Qiicaao nrices furnish! by Overbeck & Cooke Co, 216-217 Board of Trade building. WHKAT Open. High. .$1.39 $1.41 . 1.25 1,2854 CORN . .75 .7H . .78 . .77 H CATS Washington. Jan. 9. The committee on statistics and standards of the Chamber of Commerce of the United States of America has just issued a report on -general crop and business conditions, as of December 12. 1914. The report is accompanied by a map giving graphic illustration of condi tions In the various industries and of the prospects for business during the first three months of 1915. While-acknowledging the wide-spread and depressing effects of the European war on industrial and commercial con ditions, the report is generally reas suring. Economy naturally prevails among all classes, though remarks have been noted that this does not ex tend to automobiles. Purchases of goods for, future delivery are far small er than usual. Collections are uni formly reported as poor. Lately, a marked change has been noted Hi a lessening of the earlier difficulty of obtaining loans from banks and in, an easing of interest rates. It is stated that conditions In the south, while slowly improvine. still present a seri ous problem. Elsewhere the feeling gathers strength that a steadily Im proving future is immediately ahead. Crop Yields Xiarge. Crops in general have been good. The entire wheat crop shows an in crease of 12 Vi per cent over that of last year, and in some southern points the increase is over 100 per cent, . The report states that all Indications are that the amount of wheat beinc held for higher prices is much less than is generally supposed. it Is especially worthy of note that some sections are planting winter wheat- for the first time in their history and it is predicted that if the war continues until sDriticr. the acreage planted In grains will ex ceed that of all former years. The sugar cane crop promises to be a good one and to commanU remunerative prices. The report points ' out that while we ordinarily eet most of our supply from Germany, there seems to be no dirticulty In obtaining the neces- Mar July Ma July IOW. $1.38 1.24 .754 7i4 Close. $1,381 124 -75 B .70 May ; .56 56 .55 .55A Jly .53 & .54 J53S .52 A PORK May 19.30 19.25 19.35 LARD , Jan. .... .... -. 10.02 May .....10.92 10.97 10.00 10.92 A RIBS Jan. ......;. v .... .... 9.97 May- .....10.37 10.37 10.35 ' 10.35 B-ienos Aires Wheat. fiuenos Aires. Argentina, Jan. 9. Wheat closed o higher. " Liverpool Spot Wheat.' Liverpool. Jan. 9. Spot wheat Id to 2d blgher. - Duluth Wheat Market. Duluth, Jan. 9. Wheat $1.36; July. $1.35. . Omaha Cash WTieat. May, sary seed and a larger acreage of sugar ill 4S eXDected next spring than in The fruit yield was unusually large, but a large portion is being held In many localities as prices have beea low and in the main unsatisfactory. Apples in particular have been stored yi.?rlcea are mor favorable. This luiiuiuuu applies ajso to trie crop. i In his annual financial rvlw. TTsm. ry Clews, the New York banker and financier says in part: jy xienry uiews. ,s Nothiner ia tn ha tr-n i n sl- lihg unnecessarily upon depressing fac- wi , ana lonunaieiy there .are many iiiuiL-aLiuuB qi a positively encouraging nature, which it is better and wiser to contemplate. Among these are a good harvest, a. new hanklno- KvatoaBL cessation of political attacks on busi ness, a favorable rate decision, a gen- via.ny Bouna condition or ousiness ana credit, cheap money, also a growing Impression, supported by proof, that the United States being the least af fected nation by the war. will lead In the recuperation which must follow. Already there are signs of a turn in the tide for the better, the real turn arriving when the foreign exchange situation cleared in October. The worst has certainly been thoroughly dis counted, vbarring unexpected develop ments in war. The west continues persistently hopeful, because- it has been receiving good prices for what it produces. The east is already re covering from discouragement; and the sou in. mougn severely Hurt by the low prices of cotton, sees Us salvation in a greater diversity of crops. The worst of the cotton crisis has been passed, since money Is forthcoming to carry the surplus, and our foreign trade Is rapidly recovering from the disruption which followed the opening of hos tilities. - v Improvement la Balance. If we were to balance the favorable and unfavorable conditions affecting business, we should summarize them thus: , Favorable. Easy 'mopey. 'Batter DSUtical outlook. Qpod harvests. ' Interstate decision. Heavy exports. '-- Unfavorable. . War. - Economic, strain. Slack trade. Injured confidence. Foreign liquidation. The balance between these factors is largely in favpr of improvement There is no question but that the year closes with a tendency toward reviv ing confidence and increasing activity. Depression is gradually fading. Cheap money and low prices are powerful incentives o new enterprise. Our great corporations.- particularly the railroads have pushed economy to the point of starvation. They must soon enter the market as purchasers, if only to replace annual wear i and tear. In this they will be assisted by the rate decision which, though -mot entirely satisfactory; shows a more considerate spirit that must exert a favorable influence irpon railroad credit. Quite a number of our indus tries are being stimulated by foreign orders, chiefly for war material. One of the most Important , effects of the war. so far as the United States is concerned, will be the new oppor tunities it opens to us in foreign mar .kets. Our manufacturers are already eagerly alert concerning these pos sibilities. In South America and Asia the fields for American enterprise are enormous. The opportunity is there, and it should be seized with avidity. When peace comes, foreign nations 'Will be so fully occupied with reconstruction at home that little at tention will be given to export trade. except by Great Britain. During thei last five . months our foreign trade has been much deranged by war. 1915 .Outlook Hopeful. The outlook for 1915 Is unquestion ably becoming more hopeful. It seems impossible to believe that the war will last another 12 months. Those optimistically inclined think It may be ended In the spring or ' not later than midsuminer. Let us hope their optimism will be Justified. Neverthe less, the determination, on both sides to fight until a thorough finish may "prolong the terrific struggle longer than anticipated. For this reason a conservative policy should be fol lowed In all business- commitments until peace is more definitely In sight. The great mass of foreign loans which must be taken care of in the future will absorb a large portion of the world's savings and leave less capital for new enterprise. Weare certainly facing a period of dear capital, despite . PORTLAND LIVESTOCK RUN. Week ending Hogs, Cattle. Calves. Shp. Jan. 9 .......10.429 1,818 14 .5.157 Jan. Dec. 26 Dec 19 Dec 12 Tear ago .... Two yra. ago. Three yrs. ago 2.847 7.787 5,105 8.139 5.44S 7.184 1,911 749 666 466 1.189 1.604 1.131 727 8 9 10 24 13 19 1.273 3.050 3.201 4,23$ 9.223 3.226 2.2 8 9 An extraordinary run of hogs at North Portland, together with the fact that northern buyers were inclined to '"buy them at their own prices." caused a general lowering of values in the swine trade her during the week. In order to clean up the local trade, home killers were compelled to take supplies- for-which theijTiad no im mediate use.. Naturally under such conditions naught but ' .bearish ' senti ment could be shown in regard- to values. Hog prices at North Portland showed a sharp loss titrfing the week, but the trade here was out 1 of line with values in the east but a very limited time. In fact at the closing of the ' week the Portland market was quality considered, tne mgnest in tne entire country. , General -hog market range: Best light ..$7.0507.15 Medium light 6.90 7.00 Good to heavy 6.85 Kousrh and Heavy e.76ffi66.80 Stockers 6.00 6.40 Zdght Cattle Sell High. Market for light welerht cattle of finished quality was of very firm dis position at North Portland during the week. Tops sold here at $8.00. and there was a good demand at this price during the six day's trading. Late in the week some weakness de veloped in heavy stuff because of the more liberal offering of that stock. Killers are not seeking the heavy stuff because of the smallness of the dressed meat demand. General cattle market range? Selected steers $7.75 08.00 Trading in Hops : Is Rather Active; English Buying Trading In the hop market; was very extensive during the last f e days and during the week a total of pver 2000 hales clianged hands in this state. Values ruled from 10 to 12c ! generally for good quality. A very large per cent of ithe busi ness was for English account. Frank S. Johnson Hop company alone pur chasing 670 bales for foreigners dur ing the -week. The Johnson'; company purchased 220 bales yesterday includ ing the Klein and C. J. Cooly lots at Silverton. Durbin & Conoverj of Salem were also liberal buyers for foreign account. ! There is still considerable business available at this times but dealers gen erally are not inclined to tnake the sale public. Montana Is Buying uregon unions at $1.25 Per Cental Montana is buying Oregon onions and. quite liberal sales are reported to otner sections or the faclflc nortnwest. A total of 11 cars were shipped by the Confederated Onion Growers' associa tion from the Willamette valley during the week. The sales were made at 1.25 per cental f. d. b. country ship ping points and this minimum price was continued. ' No sales are reported to the south. Good to prime Good to choice . . Ordinary to fair. Best .cows ...... Good to prime . . Ordinary Selected calves . . Fancy bulls Ordinary 7.26 w 7.50 6.506.75 5.7506.K5 6.85 6.506.70 5.255.50 8.00 8.50 6.5O06.75 4.0004.25 Wutton Market Stronger. While prices were practically un changed, there was a stronger tone all through the mutton market at North Portland during the week. The run was somewhat more liberal but still was Vwlow the actual reauirements of killers of the Northwest. Tops sold at rigid prices and for all offerings prices were unusually satisfactory. Oeneral mutton market ranee: Old wethers $6.0006.25 Best yearlings 6.50 Best ewes 5.0005.50 Best east mountain lambs. 7.4007.50 Valley light lambs 7.25 0 7.35 Heavy spring lambs 6.757.25 potato Cattle Business Handicapped. The cattle business Is confronted by a serious handicap in the fact that there is great difficulty in obtaining loans on cattle. The industry was fur ther unfavorably affected in the cen tral west, owing to the quarantine re sulting from the foot and mouth dis ease. In this section hog cholera is also prevalent, though not so destruc tive as last year. The sheep and wool industry is reported as In excellent shape. Large purchases of horses at good prices have been made by Eu ropean governments, but the market for mules continues slow and dragging The report states that the raising of poultry as a commercial proposition is assuming large proportions in all sec tions. Factories Ticking' xrp. Tiere is encouragement In the State ment that many factories which have been idle are preparing to start up and that more men are being taken on by factories which have been running with decreased force. The report states that the flour mills have been fortunate in being atrected only slightly by the general oppression, some cotton and iciuw liuns are a.io iavorea to a lesser- extent In this connection, al- .ton mills while fairly busy are said to be accumulating goods. - The lack of building ha caused many lumber mills to close down ni others to. run only two to four days a week, and has likewise closed many of the stone.- slate, and marble quarries. However.- these conditions are now be- i ginning to mend and orders are show ing some Increase. T . Q U ARANTI N E l S B ELI EVED TO BE MUCH TOO SEVERE Recent action taken by a committee of Oregon -farming interests to peti tion the governor to place a quarantine against California potatoes has some real merit, although at fir3t glance it looks as if Oregon growers are play ing with a double edge sword. Quarantine against the infected sec tions of California is absolutely neces sary to protect . the growing industry of Oregon, Idaho and Washington. The tuber moth is considered the greatest enemy y at discovered in potatoes and it is stated that1, a very large per cent of California's river . district is in fected. . .'V ' So - serious "has become the disease (hat the government has issued a num ber of bulletins on methods of cor lection. The disease Is an internation al one and has spread rapidly since first Introduced on the west coast. Idaho officials quarantined Califor nia DOtatoes 'ast . season and are ex pected to repeat It this season and it r Omaha.- Jan. ? . Cash wheat ' e I is stated that Washington will take lower. - Oats c lower. J like action; The Canadian government 11 , --" 1 on November 4 nrohibl ted the Importa- .MinneaDOlis Wheat Markf - i tion of California jpotatqe into the do- i,,i . - , .-LZ " I minion Decause-or tne xuoer mow. i oJn6?0, .aJV. ArJ51161 I While the general trade here is of 1.35 fet July. $1.3456 L84V4. - , the opinion that strong measures are necessary to keep the tuber moth out or this section, still in some quarters the belief prevails that only Infected sections of the southern state should be Included . In the quarantine. The fact that Oregon products several times as many potatoes as are con sumed here and that CaliXornia is the principal buyer of our stock, - causes ome to oeneve mat inq stricter quar antine asked for bv local erowera will mean that the southern state will take some sort of action to keep Oregon po- New York Cotton; Market. New York, Jan. 9. Cotton market vspen xuko. lW Ulose : 813 ' 809 845 835 i 863. 63 872 865 890 -878 901 892 Jan 796 March. .... 810 May 835 July 856 Aug. ...... 865 Oct, 879 Dec 892 793 816 837038 8550 S 86567 88 891092 W innipeg Wheat Market- Winnipeg, Jan. 9. Wheat: May, Very Active Mart Shown for Wool In "Boston Trading Boston, Mass., Jan. 9. Another ac tive week is noted in the local wool market, with total sales estimated at over 4,000,000 pounds. A little slacken ing In the movement in pulled wools is seen owing to a lack of material on which to work. Pi ices are firmly held for all medium grades, as manu facturers 'with army contracts oh their books are obliged to have the wools. Cablegrams have indicated that Aus tralia was ready to lift the embargo on merino wools destined for America but the trade is still skeptical as to what is intended. Foreign wools are quiet, except for Montivedo and Btrenos Aires wools sold to arrive. Th statement that buyers in Aus tralia "must shiD bv British shins" makes the prospect dubious, as the only way which wools could bp brought di rect to America and comply with the restrictions named would be via the British line from Melbourne and Syd- n.v trt Va nf-nnvnr Tf Rhlnmpnt ttprp cueaw Hiuiicy. v. c i a n. Kicai " mde to 1-m Eland, tne: wool would come of maturing obligations that must be redeemed in 1915 or else extended, probably the latter. Such conditions are not favorable to a prolonged rise in securities. Many high-grade in vestments are today selling below real value, even allowing for present Conditions. This is the consequence of impaired 'confidence, and as the latter revives values, it may be hoped, will recover in sympathy. Some branches of business in the United States will also be directly stimulated by the war. Both investment and speculation operations should, there fore, be conducted witn exceptional discrimination until the . results of the war can be more accurately es timated. An early peace would de cidedly help American business re covery. BOSTON STOCK jQUOTATIOXS ft. Bid prices Boston. Jan. &dveiture ....... 1 Ah meek 240 Alloaes 35 Arcadian ....... 6 Ariz. Ooml...... . 4 Baltic 1 Black Mtn 25 BocUm Cons, .... 39 Boston : ciy tt Batte Bal... .... 22 Cat Artx.i.... 63 CaL ds HecU....35 Centennial 14 Cons. Mercury.. . 33 Copper Range.... 30 Daly West....... 2 Davis-Daly 1 Bast Butte....... 8 Klrat Nat l 1 A Greene-C&nanea , , 24 14 wranDT ..... .-. . . eo Hancock .,,,.... 12 Helvetia Z ekragbton ....... 27 Indiana .......... 3 Inspiration ..... 17 tale Koyaie...... l La Saile. ........ 8 Lake Conner.... 45 atassy Mining.... 3 Vlayflower ... Mieo Cobs . . Miami Sulchljran .... Mohawk Nevada Cons. North Butte. Nortti Lake. (Ohio Copper. 10 47 12 22 under the British embargo, which in still being rlKidlv enforced. Arrivals of wool at this port from England for the past three weeks have Deen only 43,065 pounds against 3,994,270 pounds for tne same period a year ago. CLOVER SEED FOR EAST id Colony Old Dominion Osceola I'hoenix tenincy .......... ttaen Ray Cons Santa Ke.... Superior Tamarack Trlnltr roolamne United Zinc 15. &. Smelters... Utah- Apex Utah Slercury. ... Vietaria Winona Wolverine ...... Wyandot 2 42 67 45 10 16 2 20 18 24 314 3 0O " More Commercial Failures. According to the annual report of rt G. Dun & Co., commercial suspensions in each one of the three Pacific states were more numerous than in 1913, the total for . this division hn, i? against 1710, while the amount owed was $zz,33,99a in comparison with $17,370,753 -in the year immediately preceding. Losses were particularly heavy in California 1162 e-f nut .! and there was a growth of 419 In the nnmoer or cerauits in Oregon and ox 93 In Washington, r In every instance the aggregate debts were larger, not ably in Washington and Oregon. 1 , .; Samper. Uballties.I lai. 1W13. 181Z. U14. - 495 44 36 $745.340' 4.H8 . 879 272 - 6.94S.75S ..1.163 2 ' 601 8.144. 809 Wash. Oregon -. . California Pacific . . 4M7- 1.299 $22,335,995 " Foreign Exchange . Kates. Merchants' National ' bank quotes fc reign exchange: . - . t London Sterling; $4.85. . " ' 1 Berlin Marks. 22.65. . Paris Francs. 19.90. ' , ' HongkongCurrency.' 44.43. Albany. Or.. Jan. 9. Howard Jenks. thn well known farmer of near Tan gent, s preparing to ship a carload of clover seed to ' Chicago, although, he says, tbere is not mucn demand lor It at the present time. U. S. Government Bonds. New .York, Jan. 9i Government bonds: Bid. Ask. Twos, registered 96 do coupons 97 ... Threes, registered 100 1,i do coupon . . . .- ..100 V 10: Fours, registered .,.109 do coupon .,. 109i Twos. Panama 96 fa Two. 1938 .........100 Omaha Hogs $6.00 South Omaha. Jan. 9. Cattle 74 Market steady. Steers. $8.00 09.00; cowr and heifers. 16.75 CD 7.25. . Hogs 6968. Market slow to 10c lower. Bulk, $6.7506.85; top, $6.90. Kheen 316. Market steady. Year lings, $7.2508.60: wethers. $6.2506.60; lambs, $8.500 8.85; ewes, $5.600 6.00. . ' Denver Hogs $7.10. Denver. Colo.. Jan. 9. Cattle. 200 Market steady. Steers, $6.2508.10; cows and heifers, $5.5107; stockers and feeders. $607.50; calves, $8010. Hogs, 200. Market strong. Top. $7.10; bulk. $7.od(u7.io. Sheep, 300. Market steady. Lambs, $7.5008.35; ewes, $4.5006.65. High Rate of Exchange. Liverpool, Jan. 9. Heavy buying of grain in the United States for Switzer land Is given as tne reason ior tne ex treme high" -at 3 of exchange now preva lent between tne two countries. Chicago Itogs Lower. Chlcasro. Jan. 9. Hogs. 10c lower. Heavy. $6.85;. rough. $6.6506.80; light. $8.tai7.uo. - Cattle Market steady. . ; Sheep Market steady. " Kansas City ifogs Down. ' Kansas jCity. Jan. - 9. Hogs 2000 market 5010c lower. .Tops. $7.10. Cattle 800 K Market 6c lower. , Sheep 3000. . Market steady. Seattle Potato Market. Seattle, Jan. 9. Potatoes White River 16018c; Yakima $22; Burbanks Onions California llc; Ore son x'Xic . .. .. . . . ' - - Wheat Cargoes Strong.1 r London. Jan. 9. Wheat, cargoes on OLD WEATHER IS AN AID Stock Market Is r; ; hi Showing Losses,.'. - -: With Few Gains . New York. Jan. 9.There wei no snap to the trade In the stock market.' for -the day. 'General conditions were 1 of bearish nature with prices fraction " ally lower but In a few of the special ties a better feeling was Shown and prices were well sustained. r - IlVte lattSf cisss was Louisville &' Nashville, with . a net advance of 1 point. New York Central with point. Boat hern Pacific with point, and Anaconda, Mining with point gain. Lehigh Valley shares were up an equal amount. 1 Pressure in Canadian Pacific : was rather severe but a loss of only 1 polht resulted. .--.-; ,-.;vt Range of N. Y. prices furnished bv" Overbeck, & Cooke Co., 216-217 Board or 1 ranw otnidlng. - . ,i. 64! 54. 43 45 4i It &8 43 21 104" SO- 94 36 Si 94 H Albany. Or.. Jan. 9. That the recent cold spell did more good than harm and that the Koil will yield big crops this spring as a result, is the belief of Linn county farmers. They say the freeze was gradual and that It stayed cold, whereas if it had froze at night and thawed during - the day, more or less grain would have been rooted out of the ground. Every farmer Is op timistic over me ouuook ana expects big prices for their grain. JOBBING PRICES OF PORTLAND Tbeae crieea are those at wtateb wholesaler sell to retailers, except as otherwise stated: BU'iriEU nominal. Willamette valley creamery, cubes, selling- price, 29c; state prints, sue; rancn patter, jsijajc; city cream ery, case lots," 82c; less than case lots, U lb. extra. BlIMEB f at sa 1. Foraamd denverr. 81c. EGGS Nearby rreenly (,-arnered. 33c: can dled local extras, white, 3l32c: case eonnt, buvlng t. o. o. fortiana, wisOcj eastern fresn." April x23c; tmnese, l-tyioc doses. LIVE POULT KY Hna. Fir mouth Kock. heavy, 15c; ordinary chickens, 14c; broil era, to 24. lb.. 14c: turkeys. 18ai7e: dressed, 1620c lb.; Tile-eons. A1&1J2&; squsbs, $.25ji2.40 dosen; geese, live, ito. v ren urtjon, iiut rsu ' ereaal twins and triplets, 16416He; Voacg America 17tl7c. - jack uab una Fsracy aressea 7e. Orsosrlss. - BDQAtt Cube, -15; powaeree. $6.06: frnlt er berry. a.o; neet, o.oo; ery granulated. S5.75; U yellow, S5.UD. iADove quotations are SO days net cash). KICK Japan iljie. so. I. saitte: Hew Or lean, beed. c; Creole. Sc. BAX.X ooarre, nan groanas. ivub, iio net ton: 60s, 410.15: table dairy, Ms. SIS: 10a. 117.50; bales, $2.25; extra fine barrels. . 9a. bs ana ius. ea.20wo.wi ubd csa. SOtf per ton. , r HONEY New. 5.zni3.oo pee ease. BEANS Small white. 6V.e: Urn wtilt 5c; pink, 4Vic; ilnuu, 6c; baou. $9.40; ra. ic. , iron ssa vsgsnsuues. FEESH FBUIT3 O ran res. navel. $1,850 2.25; Japanese, S0SSc; bananas. 44fec lb.; lemons, a.504S; limes, $1 per loo; (rape. fruit. S2.oOZ4.oo per ase; puteapplea. 7e lb.; casapaa, $1.79 crate; pears, $1.004L25; (rapes. Il.oO&lJU crate. ArrLLa uxmi, wuii-w 00s. sccoroing to naalltv. - ONIONls local : M). 1. SIJMI: association selling price $1-25 (. 0. b. eountrv- poiau: garlic, 17 Vc. . . . ' rviAiy OWUHl - awkw rim it's 1 per cental; sweets, $2.25. V KIiAW.K5 i uruii. sis ; Deets. 115 01.50; carrotsi el. 26; parsnips, XI. 2S per sack; cabbage. $i.2S;. tomatoes, California. $2. per tog; green omons, xojlOc dozen bunches peppers, bell. 10c; head lettuce, $1.75 craw; ceirry j.. crate; egg piant, ltie: taullflower. il&tl.Zi dosen: Pteoch arti chokes, 74t5c dozeii; slrlug oesns. 0c; eu enmbers. buthonse, $1.00 ousen; crsBDerrie. eastern, $10 bbL; local. 10c lb; sproets. JQ aaps, weoi sum nuts. HOPS Buying price, choice. 12e; prime, lie; medium to-prime, fcxiloe; mwlliim. ItsHe; lt)I3 ruuiracis. iit iv. W ikLi rouuiiaj. cup; wmsmette val- lev coarse - UotswoM. 17 ViC. swllam Khmo. hire. lSe; choice sncy lots. i022Oe lb.; easiera Oregon, 14tf2t.c; sceordla tw shrlnk- HIDES Dry bides, Se lb.; 'rreen, 13e; salted hides, 13Hc; balls, g.eej salt, bs 10c; klu, - iaiMic; ceives, ary. asc; csU kKins sUted or green. iec; gra hides, lc lew than salted; sheep pests, salted, shesr- UKKCmi'THi.N .t HivA Lowlfje 34 -S -44 4JUi , pe4 v 118 t 2H pan 67 V V 5 61 , - m 1M44 101 v v lAi. 27 H :- HI -j?.' 124i T 25 244 ; 118 Wt 3' Auislgamated Cop. Co. American C. I'., c. American Can. c American Can, pf . . . . Amerli-an Cot. Oil, c. American 1xk-o.. c American Siirar, c. ... American rUnelt. c American Smelt, pf.... Am. Tel. Tel...... Anaconda alining Co... Atchison, c Atchison, pf...... B. it ).. c Beeti8aKar Bethlehem Steel Brooklyn Rapid Transit! M0U f.Mdrf.n I ... .1.1 . l , . - 64 45 29 Vi 'in' ' .8 iOi & 20 94 51 pf Canadian lu-lfle Central ImhiT. c. Central Leather, pf C. & Ci. W.. c... Chicago & U. V'.. C. M. & sit. P Chi. & N. W c Chino Copper..... Ches. & Ohio Colorado F. & I., Colorado Southern, Consolidated (Ju Corn I'rodncts, c Corn Producta, pf. Denver & H. ti.. c.'. Denver & Ilio Ur.. pf Erie, c Erie,- ad pf Erie,- 1st pf Ueneral Electric C. Northern, ore lands u Northern, pt.. Ice Securities Illinois Central Int. Metrooolltan. c... Int. Metropolitan, pf.. lycoign v alley. ....... L. N M.; K. & T., c M., K. & T., pf Mlifsouii -Pacific. National Lead. . . .' Nevada Consolidated.. New Haven New York Central.... N. V., O. & W Norfolk & Western, c. North American Northern Pacific, c... Pacific Mail 8. S. Co.. Pennsylvania Railway. P. U . L. C, Co P. Steel Car, r P. Steel Car. pf Kay Cons. Copper..... Reading, c Heading, 2d pf Reading. 1st pf Republic 1. a ., uepubiic 1. a a., T -. L- 1.1. 1. g Kock Island, pf 8t. L. 4t S. K.. 2d pf. Bt. I tc. S. V. 1st pf. . , Southern Pacific, c... Southern Railway, c Southern' Railway, c... Tenu. Copper Texas Pacific T.. Kt. L. As W., c Union Pacific, c L'uion Pacific, pf.... U. S. Rubber, c,...'. U. S. Stetl Co., c Utah Copper Virginia Chemical Wabash, c W. U. Telegraph . . Westinngbotne Eleetti: Wisconsin Central, c. 155 ; N 854 51 7H 5!3t tm i!55!154 3U B 87 C3ii 1 1 53 S7 22 loj-v, 1 ioj 35 87 33 118M, I 21 22 '3414 '34T 143 14.1 1 2s as '21' "21" 50 50 iio" iievi 87 83 lld'4 21 34 U, 14 2H 21 2a 34 Hi 143 1 20 20 liuo 63 K7H 22 101 20 106 30 -14(J;147 16M ou iio vt. 53- 87 22 100 20 106 35 140 -2i '26 'l9 84" 'm 'it? 1515 154 "S2 '32 '32 iis ii iis ,'c7 'ct 51 61 l 60 co 4Ts .si 8S I .....p..... 134 . lie 8: 44 1 12 t 03 7 ' 22 . 101. 68 -j 100 - 105 1 117 100 ie ... 14- 84 19 75 S' 44 1 118 Tw 07 ; tkli W. i 17 30 Total tales ttO.700 shsres. lug, iou&k:; cry. lie. ALLOW Noi 1. 4; Me. 2. 1Q1V4: grease. 3 4c. - - . . . . . ....... Avaw, - CHirilU Oil CACAKA BAK Cat lots. 4c; less than car sots e. meats, risa ana xrovisiaas. DRrSSLil AlEAl'S KeUliig price Countrr killed: Uogs, fancy, c; ordinary, Pc; rough and hesvx. 74x7c; fancv' veals. lWfrrl:- ordlnary. ll!&lic; poor, 7c; goats, SQ4c UAMa, tiv. bum, 'e19c; breakfast bacon, 2Gg2ie; boiled ham, 28c; picnics, 12c; cottage, bonefau, 17 Vic ML41-riu wnw cmn, 1 Stock 12c; cows, No. 1 toek. 11c: ewes. 10e; wethers. 12c; lambs 14c; pork loins 17e. OkSTKUii Olmplv per gallon, $X0; canned eastern, 65c can. $ttJM) duautn; eastera. In shell. $L85 per 100; rasor clams, 2.5o bos; esstern oysters, per gallon, solid psck, $3.00. r tail uresea iiouuoers. ic; aieeineaa sal mon, Colombia vlre, tai8c; perch, U8c lb.; leb&ters, jc 70.. j"r oc; ssimon trnut. ISc; halibut. Mo lb.; Columbia titer smelt. 10c lb. LAiil lierces. 1&-; compovno. Tierces, lie. CKABS Large. $1.75; medium, $L25 dosea. Paints cod Oils. LINSEED OIL Raw, bbls.. 64c per gl.: kettle boiled, ddu., wc; rsw. esses, eoc; bulled, canes, 71c gal.; kits of 0 gallons, ic les: oil cake sueal. 44 per ton. WB1TK LEAD Ton lots. 7c per lb.; 500 lb. lots, 7e per. lb.; less lots, se per lb. OIL MJSAl Lr Mom, COAL OIL Water whits la Oruus and lroa ILRPBM1NE la cases. 7e; USA. Su per gallon. i barrels. 10c. i San r'rancisco tiraln Market. San Francisco, Jan 9. rBarley calls: Jan. 9 Jan. 8. Open. Close. Close. May $1-58 $1157. $1.69 Lee 1.60A 1.50 A 1.50 A Spot price wneat: walla Walla, $2.20&2.25: red Russian, $2.17 2.22; Turkey red. $2.25(2.30; blue- stem. $2.30W2.35. t Barley 'eea. i.l?u i . Oats White, $1.57 1.60. MUlstuffs Bran, $29.000290: mid dlings. $21.0022.00;) shorts, $30.00? 31.00. s San Francisco Potato Market. San Francisco, Jan.. 9. Potatoes, ner cental: Oregon American Wonders, $1.50; Burbanks. $1.1501.30; Salinas Burbanks, $1.501.60: fancy, $1.654r 1.70: Delta Burbanks. $1.184il IE: Idaho Burbanks, $1.001.25. , Onions Per cental: Yellow, $1.00; rivers, 90c, repacked. ; j Albany Wheat Higher. Albany, Or.. Jan. 8. Responding to the steady rise in prices in all wheat Commodities, the 'local wholesale mar ket for wheat yesterday , advanced to $1.15 a bushel, a mark which has not been reached here for years. Flour Is now selling at $1.65 to $1.95 a sack for bard wheat and valley variety. XKAASPOKTATION Coos Bay Line STEAMSfflP BR1MWATER Kails frma Ainswertb eock. Pertlaad. b. as.. Every lawsdsy. freight end ticket eftlee lower AlaswoTtb dook. ?, s C. B. A S. Lb. L. U. Kesting. Agent. Those JtX S4U0. . AV km. ' vity ucssi euios. su kixtt. sweet. - O, W. Bttncer, Ageat. . xkeates Manaail 4500. SVOllSi. -. - .-..,. DRY WEATHER ALARMINCii nr.it. Walla tl'ash.. Jan. 9. Contlh- T .. .. -- . - - - . . . ; ued dry weatner auring xne psi , has placea tne wneat growers ui xm section ox tne state on me seat, and although the warm weather. h . m.itMi th. nmflll amount of. VM. 1 1"-., ...v.- .. " , . . .1.. Ice and snow in tne sou ann igruisu.; mniainrp the farmers are hop - lng for a heavy ruin or -snow mai wi., mailt . nr in ueiicieiit: v i c j i w .- . rf.u AtiliU from tne laCK or ravin er now weather conaitvons nave uevn.. fur thn crrnwinsr CTaln. With mod - I.mnaratlira HHri little -Chang during the week. The thaw of Friday ; has put the ground In euoh condition , . . a ... ,.AnrllllAnS f hi tnat. Willi warm, eiinujr iumi... j nmiiri makn a. rood winter growth, but colder weather is probable, . New York Suijar and (Joffec. ,f mw York. Jan. 9. Sugar centrlfa : - . . I II AT A . 1 t " ktal $4.13 asKCO ior eariy; Jenuarv. $4.01 for all February, AlollaC6 Inactive. roff? Knot New York ftp. 7 RW 7c; Ho. 4 fiantos 10 Immieiratioii Took Big Drop, m lyl4 Arrivals at Fort of JTew Tort Were 43 Per Cent Xss Than la 1913; S4H pttrtares Xacreased. New York. Jan. 9. Immigration 'htrmcrh the ort Of NtW lOflt lOf 1914 fell off "to the extent of 60lj, 410 persons, or 45 per cent, as com pared with 1913. according- to- figures llisue yuuii. j . - . . - . - - - , , . . . .M mlssioner or immigration, in iu ar rivals numbering M34,914 persons, .f whom 1.163.993 were aliens and 170. 921 were returning American cltlxen In 1914 arrivals were only 733.504. Of these, 573,675 were aliens and ls3.- 829 were citizens. Emigration figures show that tha number of departing aliens was greater by 37,818 than last year. During 191 there, left New YorK on steamsnip bound for foreign ports a total of,' 31.36 persons; during 1914 departures were 418.886. :i Last July, just before tne outbreak of the war, arrival at New York were 50.546. as against iob.sov aunng juiy. 1913. June shows the greatest loss for ' any months of the year, the record for ' that montnyn 19H oeing ijb,oo aliens a . 1 .1.1 klt. tw. V..MA 111 una i L,. I? viuArua, ""no 57.139 aliens and 10,330 citizens reached "T nort. . - ' - V.--i Immigration official? and representa; tives of the immigrant aid societies ex. plain the faijing off in imtntgraton. aside from the war, which is the chief factor, as being due to the curtailing of work In . the United states and to an effort on the part of foreign coun tries to restrict emigration by provid ing work at home and bettering the condition of their working classes.- Stocks. Bonds Cotton, irain, Etc DIRECT PRIVsVTE - WIRES TO ALL i ; ' EXCHANGES ; , If embers Chicago Board of Trade Correspondents of Logan 4V Byran v , Chicago. New ork. . ,,Z A: 816-417 Board of Trade BnflrHviy,9 passage strong. : r : r V