The Oregon daily journal. (Portland, Or.) 1902-1972, January 21, 1915, Image 12

The Oregon daily journal., January 21, 1915, Page 12, Image 12

Image provided by: University of Oregon Libraries; Eugene, OR

About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Jan. 21, 1915)

Prev Page of 16 Next Prev Issue Next Text PDF JP2 (5.8 MB) Clip/Print Image

Return to Top

Prev Page of 16 Next Prev Issue Next

Newspaper Page Text12 THE OREGON DAILY JOURNAL, PORTLAND,. THURSDAY EVENING. JANUARY: 21, 1915. m NEW HIGH MARK 'AGAIN ESTABLISHED IN THE WORLD'S. COAST MARKETS ARE HELPED BY THE LACK : OF FOREIGN BUTTER New Zealand nod Australian Prod ';, ucts Unable to Compete With r American at Thin Time; Weather ' Condition Aid, Slightly Here. Market for butter lu holding some ht better as a result t the cooler weather, Prices are generally re ported unchanged with city creameries . t. inu iniainitii 7V ix.n tf iiri 11 i iiua lots in the city territory. Offers to ' sell to auttJdei markets are not made at as low prices as formerly. ! Lack o competition of foreign but-. s. ter is one of the bl-j factors at this ;.. time that Is enabling the local trade ' to keep Its val; es up. In this regard the following social report iroro . United State Consul J. 1. Brtttain at . Aukland. New Zealand, under date of . thn rmjr & is of much Interest: iK. t Mbian ' v.titf mnrkt In re ported Very firm, partly due to inrew . months' ' dry weather and to the for- elgn 'dan.and. 1 he best grades are quoted at i 28 to 2! cents a pound, i Exports from this (Auckland) province thus far this saaon are 170,000 boxes, valued at S2.46O.J0O, snlpments being to London 160.017 boxes; Vancouver, 1M 40 boxes; went coast of England, im boxes i in'', p.ctfic elands. 1218 boxes. During the name season in 1913 theie were! exported to London 95,485 boxe- Vancouver 3-..091 boxes. Pacific Inlitnds 123 boxes, and South Africa. 290 boxes. - , . i "rn arrniint of the abunlant supply of feed In the Unit, i States this year, it Is difficult foi New Zealand to com- - pete in the American market), .not withstanding the excellent Quality of New Zealand butter. V -Exports of cheer i have also largely , Increased, 4678 crate having been ex ported during the first 11 months of 1914. against 200S crates the previous ' season. Nearly all the cheese is sent ' to Knglrid' : . ' ' ; chick knI market is weaker l- .. r ! y Market fbr cliickens Is weaker and fractionally lower attain on Front .street. Ketcelpts during the last 24 i Hour . werw very neavy. numc w i'v ,- 'receivers cleaned up St 12c last night, " but others .were unable to do so. SMELT RUN t SHOWS BETTER f:in of smelt In the vicinity of Kagle Cliff and Clifton. Is somewhat heavier and the local market is weaker. The general price this morn ing was 5c ia pound, but some were in clined to shade to 4c in lots. j 1 CHINOOK') SALMON ARE COMING i T - 4 Small shipments of Chinook satfnon are coming from the Columbia river fn ih. Inml trade. The Diice is nom-l.r.. Inally placed at ISn a pound. Steel- beads are firmer at b vi ' c a pumiu today. - 1 " . i HOGS ANIH VEAL ARE iVEAKEK Market for both country killed hogs and veal ls weaker ulong Front street and further shading of prices is snown. r.xiremo lop ior nn i . nO HUinC JVtSiy bvuii. in c i today at c. Receipts in both lines at 8Uc lavierl are hsa BELL PEri'ERS , ARE SCARCE I ! 1 . ureal r scwruiiy ui , inot . ia'ia peppers Is ishown in the local market , ana Desi quaiiiy iaiuurin ruifucuio :are being Quoted generally at 20c a ' pound. Sortie poor stuff is selling con. slderably below this value. . BEAN PRICES FIRMER AGAIN j Firmer prices and In some in stances further advance in the price ! Is shown fr dried beans in the lcal market. With foreign nations still very extensive buyers in the east. California bean interests nave ar wiuer territory to sell, thelj- product , ' S1IIPPEHS WEATHER iWlH.-J'j - U"i&-ts;.- far north as nramo apiisi ininiiiiuin temperamrcs of about 33 degrees. Jvortheaat to Kpo - ......... - - " - - - ' " " i " , .10 degrees;! south to . Ashland, 32 de- , grees. immniuni tempera tnre at fort land tonight, about 35 degrees. 'JOBBING PRICES OF PORTLAND Tacse prices are ihose at which wholesaler tml ,n xf.lUn a. ...... n,Kl.. i BUTTE II - Nominal. ; Willamette valley rr'DiT. etibes, pelllng price, 25c; stats I'rtnls. Sc; ranch huttrr. I'ti7c: city cresra-j cry, case lots. 29 'Ac; less than' cave lots, e BUX1EB f AT No. 1. Portland delivery, S8c. . f OGS Nearby freshly gathered 282c; csBdlcd locs extras, wbite, Nc; case count, burlng" f. oj b. Portland. 26 (ij 27c; eastern fresh." April. 2n21c; Chinere, 14fd)lCc doa. . JJVE P5LXTRY Hens. Plymouth Rock, beaTT. 12c; i ordinary chickens. ll12c; h roller to 2 Mi lbs.. 15c: turkeys, 17 (ill Ho; drewserf 2Ci22r; plgeona, 81.0uaal.2Vs; souaba, ;25i 2.40 dnaen; ge;t, live. OialOc I - CHEK8K Fresh Oreon. fan full cream twins and triplets, lU((16c; Youog America 1 J17M,c. t ' JACK RABBITS Fancy dressed, $1.25. - 1 . . Oroosriaa. i- ST'QAR Cktbe. $0.20; powdered. 86.15; fruit r berry. 85185; beet. $5.05; dry granulated. TisANSroICTATION COOS BAY ":,V"V ' ' ' AND rtrREKA S. S. ELDER AZZ.8 SXTKSAT, JAK. 24, 9 A. 1C Alio every bonday thereafter rORTB PACmC STEAMSHIP CO. i Ticket Offtoa I-2A Sd St. MAIN 1314 A-1214 Fraurht Offlna Foot Northrop at. sua ma; M0X3t .''8. SSATB -Tot .' -'j"t . v' i San Francisco, Los Angeles ' ," 3 P. Jan. 81 lb ban frBiacsi . rwtitna 'I. S.. C : Id aaa . Waahingtoa Sis. Iwrti O-W. R. A M. C iil atannavu ain. Line S1EM1SHIP BREAKWATER ' ' Sail Iroaa Aiaawortb ca, PorUaad, 8 a. m.. tvarjr laaaday. Freight anal ticks t . fits I wwar awnvniini, . u, n. a. B. Lisa iswar aiuwaru aooa. r, a u a, d, s. L. U. Keatina. Aasat. Pbona Mjl Saoa. I UJa. City tioa eflioa, M 8ixt. atxMt. UI Si . A . . . . Mm . STEAMSHIP Balls . Direct for 'Baa XTanrtsoo, X,os Aaa-slsa aaa 8aa Xieg;o. Sat.; Jan. 23,1 2:30 P. M. 1 BAST ritAlf CISCO, POXTZJLKB Si tOS AMOELEg 8TSAJCSKZP CO. FBAITX lOUASL Arsnt. 124 Third St. . ; AS96. Mala 86. SURFAC E STRE IN FRESH EGGS NOW GOOD ALONG STREET Market Is Firmer and Higher Gen erally for Local Ranch Although Storage Stock Is Being Offered at Almost Any Old Figure. - On the surface .there Is considerable, strength in the market' for eggs here, but the exact reason is not apparent. While the cooler weather has curtailed the supplies of fresh offerings slightly, still they . have been quite fair re cently. - - - Cold storage stock is still going abegging and sales of good quality are reported In lots as low as 17c a dozen, while in single case lots the price "of best is scarcely above 20c at this time. Considering this weakening factor In the cold : storage market, there is scarcely sufficient reason for the ad vancing of . fresh egg prices - at this time -although if the trade can secure the higher figures, the market is really established there. There is not now the slightest doubt that some undercurrent of manipula tion is showing in fresh eggs. Wheth er it is being done by those that have cold storage stock or by the Interests who are boosting in order to get tha country to hold back its supplies and then force sharp reductions when this stuff comes forward, remains to be seen. . Hgih Record Made For Wheat Is Lost In the Late Trade Chicago. Jan. 21. A new high rec ord for the present season was estab lished in the wheat market today when May advanced to $1.45. This is c better than any market heretofore this season. After the liigh point was reached the market reeeded sharply to $1.434 and the closing was but a fraction above this, or e a bushel better than yesterday. July closed unchanged. There was considerable short cov ering nfter the opening advance of gc for May and this continued until the sensensational high mark was reached. Range of Chicago prices furnished by Overbeck & Cooke Co.. 216-217 Board of Trade building: WHEAT. Open. NGTH High. Inw. Close. , 14.-. 14311 143 120 V, 125 V4 125 A CORN. 70 78 79 B 80 79 14 79 B OATS. i 6114 s antft 54 &3 53 B PORK. 190.-I 1S!10 1R32 1935 1920 180j LARD. mn ioho tor,? b 1087 1075 10H7 A 1102 1100 1102 RIBS. 902 ' 1037 .1030 1035 Mav July . - 143 Mar . . 7n ... 70 jul I juiy . . i. I Jan. ..1R37 ..1S)2 ..10C2 Mr Jan. Jul " .".'.'.'.'.nob May ...1075 jan May . . . io:so $3.85; I) yellow, S5.15. (Above quutatlooa are ao days net caeb. RICE JDn style No. 2. BfiGUc: New Or. team, bead, 6Vi4i8V4c; Creole, 5c. -SALT Coarse, half ground. 100a. 110 oer .v., .ausc j, wo fio, jw, $17.60; balea. $2.25: extra fine barrels, 2a, ton; 50f $10.75; table dairy. 50s IIS: 10s. 5k and 10a, $3.25&6-O0; lump rock. 2.60 per ton. HONEY New, 13.25fi3.50 per case. BEANS Small wbite, 6c; Urge white. $6.10; pink. 5c; Umas, 6 Vac; bayou, S6.50; red, 6c. Fruit and Vegetables. FRESH KUU1T Uruages. nael. $U5 2.25; Japanese, 80$$85c; ananas, 444 He lb.; lemons, $3.5O'it4.20; limes. $1.00 per 100; grape iruu, a.ouisa.uu cer case; pineapples. 7c I lb.; catabaa, $1.75 .-rate; pears. $1.25Q;1.50; arnnes. $l.KKil.25 crate. AFfLLS Local. 75ektU0 box. according 1 num.t, ruuniM wmcj pneer i.:;trs enolce 1 -31 IT t I'cuiBi, ..WIS, .OULUH7. I ; nvmvu -. 1 , 1 r . . . it. 1 selling nrU. gl.25 i. o. b. country mints; sarlle. 17 c. J r dozen nuni-nrs, peppers, bell 20c: head let- j ture. ftt.S01.7& -rat.; celery, $2.2ofe2.50; I ' W ' . .... i . i .u .... , ...xtli. UUKD French artichoke. ?5u&c dozen; string beans I Uc: cucumbers, bothuusc. S1.00 dozen : cranhcr. tips, rLKru, uui.; local, luu ID.: sprouts. 7l8c lb. uopa, wool and Side. HOPS Bujinir Drice. choice. 12p: nriiiw. 11 '((U He: medium to prime 010c; medium V .rj -, ivitf i-vuilttilt, tic ID. WOUL-Nouiinal, 1U14 clip: Willamette val- I co."r?e wwwoia, iic: medium iibrop- shire, ISVjc; choice, fancy lots, 102Oc lb.; casieru viEguu, xmiK, accoraing to anruut HIDES Dry hide. 23e lb.; green, 13c lb. salted bides, 13jjl4.:; ulla giwn salt. 8(2 10c; kips, 144iH'c; calves, dry, 26cu calf skins, salted or green, 18c; green bidti, lc less than salted; sheep pelts, salted, shear lugs, 10ri25c; dry. 11c. TALLOW No. 1, 4J449ic: No. 2. 4a44e: grease. 34c. MOH AI R--1914 27a271c CHITTIM OB CA8CARA BARK Car lota. I less than car lota 4c Meats, Fish & Provisions. DRESSED MEAT Selling price Country killed: Fancy hogs. 8i9c; rough and heavy 7c; fancy veals, 12Q12c; ordinary, 11c; poor. 7c; goata, a(&4c. HAMS, BACON. ETC. Hams,' 16Q19c: breakfast bacon. 206i29e: boiled k.m 2.- picnics, 12c; cottage, boneless, 17$ie. ubAio r-acaiDg nouse steers. No. 1 stock 12c: cows. No. 1 stock. 11: w nit.' wethers, 12c; lumba, 13e; pork klna 17c. OV8TERS Olympla. wr gaUoi. $3JS0; canned eastern, 65c can, $6.50 doaen; eastern, in fbell, 81.85 per 100: raaor rlama. 12 -vn K' I etstwn oysters, per gallon, solid pack, $3.00. nan in uouuutre, c; ateeinead aal mon, Columbia river. SWiijOc: Royal Chinook lttc lb.; perch. 68e lb.; kibsters, 25e lb.; silver smelt. 8c; salmon trout. 18c lb.; halibut ll15c lb.; Columbia river smelt, 4$ji5c lb. LARD Tierces, lac: compound, tierces, lie. CRABS Large, $1.70; medium, L25 docen Paints and Oils. UNSEKD OIL-Raw. bbla.. 71c. gallon; ket tie boiled, bbla., 73c; raw. cases, 70c; boiled, esses, 78c gal.; lota of 250 gallons, lc less: oil cake meal. $41 pur ton. WlilTE LEAD Ton lots, 7e lb.; 500 lb. kits, 7c per lb. ; less iots, 8c ner lb. OIL MEAL Carload let., iar " COAL OIL Water white In drums and Iroa uai 1 vriss. jwi - . TURPENTINE In cases. 7e: t.nb. i. ; v' wii. . ' San Francisco Grain Market.. Ban Francisco, Jan. 21 .Barley calls: . Jan. 21. Jan. 20 ODen. Close. rine MT ........$1.6l4 $1.68 $1.65- liecember ........ 1.4.SB l.noA 1 i?x.a Spot prices Wheat. Walla Walla $1.38WU 140; Red Russian, $U71.40: Turkey red. Ker-d barley f - White oatu Sl.m4tl.8&. Bran $31.00tr32.lH: mlddllnn S?..lfV.iAru. Omaha Hogs $6.60. (Special fe The Journal. I vjno.ua, ao.ii. a. cattle, avuv: a. 1 market Steady to strone. Steers tK no a. I 8.2S; cows and heifers. 15.75fi7 !io' I , O Afi A - - 1 . . . - , . Hogs 800Q; market 6c lower, $6,5048.60; tops. $6.65. Bulk, , eneep booo, market steady to inius. innings, aa.uu 30? i.Za ; . wth era. $6.00(3)6.25; . lambs. $8.2508 50 ewes. $5.35B.8d. w HOGS & VEAL WANTED -.will pay: Fancy hogs. SHc; THE SATUVAX CO. 209 Btark St. Marshall 687, Edited by Hyman H. Cohen. PATENT FLOUR AT $7 IS DRAWING CLOSE IN THE PORTLAND MART Millers Agree That -Price Is Rea sonable but All Are : Timid About Making the Initial Move; Further. Rise for Cereals Due. WHEAT CARGOES QUIET London, Jan. 21. Wbeat cargoes on passage quiet. . KOBTBWEST GRAIN RECEIPTS -Care- Wheat. Barley. Fir. Oats. Hay. r-oruana. inurs. ze Year ago . - 44 geaaoa to date. 6.648 Year ago 12,3:13 Tieoaia, Wed... 'J Year ago.. 19 Heaaon to date. 6,648 Year ago....... 6,648 Seattle, Tues... - 21 Year ago J Season to date. . 6,763 Year ago 6,131 4 8 . 6 11 23 ft 3 18 416 3711 21S4 1S20 1678 1239 1769 a .. 2 . 7 3 .. 7 1 416 373 1635 448 .. 330 1635 6 lO 2 28 4 9 4 12 SCO 1449 837 3167 914 1178 917 3147 A- $7 market for patent flour is drawing very close locally, with mill ers' generally agreed that such a price Is obsolutely necessary, although all are timid about making the first move. There has been another general ad vance in the price of wheat at all world's markets today. At Chicago a new nign record was established eariy in the session and .Paris was also Quoting an advance. Wheat prices at Pacific northwest points are at the extreme mark again with growers not anxious to 'do busi ness. Strength in the oats and barley trade is continued with even .more firmness indicated today at interior points. j-. Further advance has been forced for mlllstuffs by local mills with the sell ing price of bran at $30 30.50 and snorts at $3Z33Z.dO a ton. CLOVER SEED Buying price: Nominal No. 1 uncleaned, ll13c; ordinary. llUc Bound: alsike. 12c FLOUR Selling price: Patent, $6.80; Willamette valley, $6.60 6.80; local straight, $5.60; export straight. o.2Q; cutoif, fa.zo; DaKers'. t.ouG' 6.80. iHAY New crop, buying price: Willamette vallev timothy, fancy. $13 14; eastern Oregon-Idaho fancy tim- omy, iif(!lb.oo; anaiia, vcicu and oats. J9Q10: clover. $8 cer ton. GRAIN BAGS 1915 nominal. No. 1, Calcutta, $6. MILLSTUFFS Selling price: Bran. 3030.50; shorts, $3232.50. Bluestem spot wheat bids were lc higher today on the Portland Mer chants Exchange, but with the excep tion or red Russian, wmcn was un changed, other varieties' of soot were lower than yesterday. A sale of 5000 bushels-of -Mav bluestem was made at $1.50, and lOttOO bushels of February at i.4b.- Jhor lortyioia 1.4.5 was paiu for a lot of 6 000 bushel! of February. Spot oats and barley were again higher on the local exchange. A sale of 200 tons of May oats was made at $39 a ton. a new high record, while a similar amount of March went at $37.60. Prompt :feed barley advanced to $32.60 for 100 tons,- while 200 tons were sold at $32 a ton. Spot prices on Merchants Exchange: WHEAT Thursday. Wed. ' TWs. Mob. Bid. Ask. Bid Bluestem . ..1;44 1.45 1.43 1.42 1.43 Kortjfold .. 1.42 ,1.44 1.42 1.41 Club ...... 1.40 1.42V4 1.41 1.39 1.42 l.J 1.35 1.38 Red Russian 1.35 1.36 1.35 1.34 Red Fife... 1.33 . 1.40 1.39 1.38 OATS ...36.30 37.00 36.00 35.73 36.50 Feed i. BARLEY ..82.00 32.50 31.50 81.0931.80 ..32.00 33.00 31.50 31.00 81.50 MILLSTUFFS . . 30.OO 80.50 29.75 29.00 29.00 ..30.50 31.50 31.00 30.00 29.00 Feed . : . Brewing Bran . . . Shorts . . Futures were quoted: WHEAT February bluestem ......... March bluestem ..' May bluestem February forty told.......... March forty told February club.... March club February Red Russian;..... March Red Russian ........ February Red Fife id. Ask .$1,444 Ji.m . 1.42V4 .;i.44 il.4t .1.42 . l.iss .1.36 . 1.3H $1.45 1.4a 1.51 1.44 1.46 142H 1.43 1.38 1.40 March Red Fife 1.42 OATS February Marcb . . May .... February March . . February ,36.60 .37.50 87.00 SS.OO 38.00 83.00 84.00 - 38.50 FEED BARLUT ........32.50 3&2S BRAN 30.00 30.75 NORTHWEST BANK STATEMENT Portland Banks. Thla week. ......$1,806,402.48 ...... 1.824.823.06 1,518,7H8.32 2.034.479.78 Clearings Thursday . Wednesday Tuesday . . Monday Tear a 20, $2,031.0)8.86 1,700,814.24 1.670,340.90 Week to date J 7. 273. 903. 64 $7,826,100.74 Tacoma Banks. Clea lings: Balances . . .$ 384,597.00 42,150.00 Seattle Banks. Clearings .. Balances . . , $1,000,828.00 247,055.00 Denver Hogs $6.75. . (Special to The Journal Denver. Colo.. Jan, 21. Cattle. 1400 market steady. Beef steers, $6.65 s.ou: cows ana neiiers. ao.oosD i.oo stockers and feeders. $7.008.65 calves. $8.00(910.25. HoKB-2300: market weak. Tons. vtt.(5; DU1K. b.tUgb.oa. Bneep ioo; maraet ateaay. Various lVheat Markets. rhiluth Wheat closed. 81.30K; Julv S1.3T A Minneapolis Wheat closed. May $1.373mQ klnnlDea- Wheat closed. Mar 81.42U: Jnlr $1.43A. : - . . , . ivansas juy wneat , ciosea, stay i.3o(0 i-s: Juiy i. !. St. Louis Wbeat closed. Mar $1.40a juiy ai.sf-.: . New York Cotton Market. Sew York, Jan, 21. Cotton market: Onen. Hiah. Low. Close. March ..871 K88 - 871 885 May .....882 t10 891 906 July ............ .12 028 811 825 October ..936 - , 950 836 946 December ........962 - .963 947 900 San Francisco Potato Market. 5 San 1 Francisco.-"Jan. 21. Potatoes Sslinas Burbanks. I2W2.10 ner eentalr Oregon Ameri can Wonders. $1.65; so. Burbanks, tl.654tl.75; ueita Barbanka. l. ' Onions Yellow 00c per- cental: - River on ions, 00c per cental for repacked.- New York Sugar and Coffee. New Tork. Jan. 21. Sugar- Cen trifugal, January, $4.01; February,. 3.5. .; - . ' ' Molasses Inactive. Coffee Spot, New York No. 7 Rio, 7c; NO. 4 Santos, 9c. i Foreign 'Exchange Rates. Merchants National bank Quotes for. eign exchange: - - London Sterling, $4.85. Berlin Marks. 22.38. : Paris Francs. 19.82. -Hongkong Currency, 44.45. San Francisco Dairy Produce. - San - Francisco, Jari. 21. Eggs Fresh ex tras. 30c; selected pullet r. 28c. Butter Fresh extras. 30c: prime first, 20c; fresh firsts. 24e; - seronda. 23e. . Cheese Csllfornla fancy flat. 14&e: firsts. 12e; afvonds, ' 10c; ; Oregon . twins and trip lets, llac. . , , TRADE IN POTATOES: IS NOT VERY ACTIVE- SHIPMENTS LIMITED California Only Takes Extra Fancy Table or Seed Stuff and little of -This Is Available; Ordinary Quality Not Moving So Fast. Lack of outside demand for potatoes Is causing some concern In the local trade. While potato prices here are considered strong and are about as good as can be found anywhere, still snippers report tneir lnaDUity to in terest the southern trade in anything except extra select quality, and only a very small per cent of this quality is available bere. . Ordinary quality potatoes are not movlnsr. The southwest is still nut of the local market, because other sec tions Continue to offr fnr less mnnev California is taking a large per cent vi me Arizona ana Texas trade. Demand for seed potatoes is verv good, but as In extra fancy table stock available supplies are limited. Most of the seed stock was purchased be fore it-was dug. siate horticultural Officials smaeaJn giving advice to" the growers to take more care in their planting of seed stock at home. It is stated that the lack of care is the reason why Ore- e."11 M".y una ueienoraica iram year 10 year. Better Trade Has Quick Reflection In Stock Market New York. Jan. 21. Better trade conditions as reported hv laaiitni, financial interests, gave to -the stock market today a verv bullish ton nn.i forced a aenerallv sham advanra :n share prices. . i-f'SyeSSlJn 5 i? -w .au s.w w uiai rvcu a. u CixJll Ijt? t L lllv railroads reported better conditions In their territory. . , xeaamg advances tor the day were: Atcnison . B. & O. Canadian! x-juic J jn. x. central l,8, -Northern Pacific 66. Ppnnavtvanlii 1 li Reading 2, Southern Pacific 1, Union jreiuiiic 'A. Li. a. Mtppl rnmmnn sc. point. pi. m -ir i - ... by Ovlfbeck & - rokSrlCno fUon,BS9i7 BoaVrt oe fvo!- ti e Co- 216-217 noard of Trade Bldg. DKSOKIPTION 1 opni High' Low(ciow4 Amal. Copper Co I 57; American Can, e I 30 58 31 I 28 57 i 30 'W 105 2 121 27 95 73 35 50 88 167 57 31 American. Cotton OH. c. 47 American Loco., c.... 28M American Sugar, c. ... 105 American Smelt, e. .... 63 28 106 64 121 28 74 33 51 . 10 04 121 28 95 74 36 52 88 Am. xei. ev Tel......... 121 Anaconda Mining Co... 27k Atchison., e f5i Baltimore Ohio. c... 73 Beet SuKir 35 Bethlenem SteeL e...; 51 Brooklyn Rapid Transit 88 Canadian Pacific, c HOT 88 1 1 107 Central- Leather, c. ... 85W, C.G. W., pfd 81 C, M. & St. V 2 C. & N.. c 12HU, 36 32 93 i 30 81 02 "X 92 128 128 128 Chlno Copper I 36' 36 45 26 36 44 3 43 2 cnesapeake Ohio....! 44V Colo. "nel A Iron. e..l 25S 26 Conn. Otis ...... 121J 122 121 121 Cora Products. C.......I 10 lO 52 23 37 10 10 d. & r. a., c.. ....... 1 n 6 00. pro. go Erie, c ..I 23 23 36 23 37 do 1st ofd 1 36U. General Electric (145 O. N'., ore lands.. 1 34 Great Northern, pfd... 1110 145 145 140 35 83 34 H7 116 117 ice securities 24 Int. Met., c I llii do pfd 50 Lebieb Valley 137, 24 11 24 1 11 137 24 120 Jl 32 14 90 00 102 105 108 1194. 52 138 137 25 120 Kansas City Southern. 1 24 ixmin. oc Masnnue.. . .11:0 120 M.. K. & T, e. llg 11 32 11 do pfd 32 32 Missouri Pacific ...... 14 New York Central 89 15 13 90 90 89 89 N. T., O. & W I 89 Norroik at western, c. 102 Northern Pacific, e.-.. 104 102 l 102 104 ios PennsylTanla Railway. 106 108 11 106 119 F. Q.. L. C. CO 118 Pressed Steel Cor. c. . . I 3SU, 33 "A S3 17 334 Rar cons. copDer. .. . . .1 17 17 17 Reading, c .....151 Hep. Iron & Steel, pfd! 76 153 151 153 76 17 76 IT 17 8 13 76 Boutnern railway, c. ..1 11 Southern Railway, e. . . 17 17 3 17 60 81 do pfd eo Tcnn. copper 1 isi 31 13 Texas & Pacific. .....I 13 13 L'nlon Pacific, c 121 122 67'i 121 122 U. B. Rubber, e 01 58 103 58 do Dtd 105 1U9 ion U. S. Steel Co., 52 03 53 do Dtd. 18 108' Utah Copper 54 64 55 wauaan. pio. ........1 2 2 2 w. u. Teiegrapn.. 0.1 63 63 63 72 WestinRhouse Electric.) T2 721 72 Chicago Hogs Are IiOwer. Chicago. Jan. 21. Hogs Receipts 38,000. Market 5 to 10c lower. Light, $6.4586.90; heavy, $6.306.80; mixed, is enMe n- much S(t aora is Cattle Receipts 7500. Market slow, 5c lower. Sheep Keceipts suuo. Maraet strong, 10c higher. Kansas City Hogs at $7. Kansas City. Jan. 21. Hoas Re ceipts 7000. Market 10c lower. Tops, $7.00. Cattle - Receipts 3000. Market steady. Sheep Receipts ' 7000. Market 6c higher. U. S. Government Bonds New - York. Jan. 21. -Government bonds: , Bid. Ask. Twos, registered ....... do coupons .......... Threes registered ...... do coupons ........... Fours registered ...... do coupon Twos Panama .. -98 . 99 U .,98 994 ..101 . . . . ..101' 102 ,.109 ..... 1" .....1 97 Twos 1938 ,...,. ... 97 Seattle llalrv Prodnr-A. Seattle. Jan. 21. Kb-ps Slr-r ranch, 35c; eastern Aprils, 26o. Butter Native Washington cream ery bricks. 2 9et native Washington creamery.- solid pack, 28c; eastern bricks, 26c. - Cheese Oregon triplets, 1 6c: Young Amrrins. 17o: lncAl CTMiridrv. 17c? "Wis consin creamery, 17c; do triplets, Jt7c; Washington, twins, 16c. New York Metal Market. New Tork. Jan. 21. Metal: Copper , 13614c Spelter' . Lead - Tin .... . .$ 6.10(0 6.20 3.6 '3.75 I 33.7534.00 ! ' Seattle Potato Market. Seattle, Jan. 21. PoUtoes White River $1W18; Yakima Gems, , 822Q24; Burbanks. $2224. - - ' . uniuna oaiiiomia. J.,tc; wrrgon, itc; Yakima, lc . S . - Paris Wheat Higher. Paris. Jan. 21. Wheat : closed ' Vic higher. , . RELIEF FUND INCREASING The Bel Tian food ship, Cranley, at tbe municipal . wharf tomorrow morn- ins- will begin loading . the foodstuffs contributed by citizens of Oregon for the v relief of the starving people of Belgium. 'Some $200 was added to the Belgian relief. fund today. - . -. Boy Scout Walks 4800 Milesl " Lo Argeles, Jan. 21. James Kohn, a boy scout,; arrived yesterday from New. York after walking 4800 miles. WHEAT TRADE HIGHER PRICES ARE IN SIGHT FpR SHEEP; DEMAND VERY GOOD Xorth Portland Shows Iack of Sap plies This Week and Trade Is Confident of $ 7.75 for the Best t Quality ; Hogs Again Down. , XJkTEST laTXSTOCX RPOST Whiis on lot of axtra select Iumts from Xdabo sold at $60, tb fsDsnU market for topa was aot abova $6.75. A local meat company sold a Irancn of ws this moxalag at S5.75, a saw mgo. mark for tba prssant movement. PORTLASD LIVESTOCK RUN uofi. catue. carrea. sneep. Thursday Wednesday Tuesday . . Monday . . Saturday . Friday ... Weekago. Year a no. .. 278 .. tot .. 167 ..7200 .. 192 ..13H2 36 7 578 17 119 ' i 58 i; 176 803 fJ . - I 'i i 139 49 1 634 645 724 Two years go 2175 2509 Tbree years ago. 747 18 There is a stronger tone in the en. tire mutton trade and no arrivals have! been shown in the North Portland yards since Monday and then only a handful of stuff was in evidence. For top lambs receivers here say theihave no aouDt mat tlie mar Ket win rule ud to $7.76 for the next early shipments, tnis being a quarter better than the previous lliCh mark here. althOUMl fori t&Slrh to th fered and refused. At Chicago there was a stronger tone in the mutton trade with an ad- vance of a dime In the price. Kansas City mutton market was strong with an advance or a nicKei. Omaha, mutton trade was steady to I strong with top lambs 58.50 and year- I ""f 8 $-zo Hnff-R 7 9K - General mutton trade range: ; . I Old wethers $6.Q0 6.25 Best i yearlings - 6.50 1;!f"V.. - V. - .V -.k:-' S 1 vak iiiuuiitoiu icuuio .-v, wv I Valley light lambs 7.257.3a I Heavy spring lambs 6.75W7-25 I Hog- Market Is Weaker, While only three loads of hogs were reported in on the North Portland mar ket for the day. the trend of the trade I was very weak and no early offers were made. The last price obtainabla for extreme tops ruled no higher than $6.80. but it is not believed that this ao.ou, out ii is nui ueuevcu iuui iuis Price can b maintained, especially as there was further showing of .weak- npss ,n fh- PJ,Rt nn(1 ,, northwest kti;. ers are now holding a surplus, which they are very anxious to get rid Of. At Chicaeo there was a weaker tone in tbe swine trade with a loss cf 5 to 10c in the price. Tops At 16.30 Kansas City-swine market was weak with a loss of a dime, i Tops, J7, Omaha hog market lost 6c lor the day with tops, $6.65. General hog market range: Best light $ 6.75 Medium light 6.70 Good to heavv . . 6.65 j Rough and heavy 6.5 J 6.00 6.25 I tstocaers Cattle Again Absent. There were no arrivals of cattle at all in the North Portland yards, al though a load pf calves, going through tc Prineviiie, was reported In from a lower Columbia point. While otrerings of cattle have been fJttff,meZ Ji, J wf ZiJl' theffe Is little demand in sight, and the wants of the trade are the smallest in years. At Chicatm ther was a. weaker ton- in the cattle trade, with a loss of a nickel In the price. - , ivansaa v;ity cattle maraet was T.l??y Bt 10mer P"ces, receipts oeing I , I marlTA worn ...nif strone. with tet steers. S8.25. uenerai cattle market ranee: Selected steers $7.76 7.&5 Good to prime 7.25 7.50 Good to choice Ordinary to fair 5 75 6 2- " 6'75 6.50 6.70 5!25s!50 Best -cows Good to prime Ordinary selected calves ............. 8.00 8.50 Vanpv hill la C EAMt 7C Ordinary . . , .; 400 45 Today's Livestock shippers. llojrs c. J. llanson. Lwlston. Idaho, one load; F. H. Miser. CowiH, Wash.. 1 load; First ' National Bank of ,Kennewick, Finley, Wash., one load. Calves Geonte W. Warren. Warrenton. one ioaa caives to rnuevine, Comparative statement of North Portland llvestock ran Cattle. Calves. Horn. 28.927 17,842 11.285 Sheep. Month to date..i:i95 60 30.829 22,108 Same, 1914 4042 18 Increase. 1915.. Decrease, 1913.. 353 42 11,279 . Wednesday Afternoon Bales. STEERS Sectiflo. No. 1 co war 2 Ate. lbs. "725 Price, V asningtoa $6.00 J Waahingtoa $5.60 I - HOGS uregoa 6 173 9 210 Thursday Homing Sales. Oregoa COWS No. i 1 LAMBS 237 . 63 EWES ....110 Section. Are. lbs. 980 80 73 113, Prlce. Oregon $6.12 Oregon Oregon Oregon $7.00 ?.ou $5.75 HOGS i Idabo 0 , 209 4 - HO 6 120 ...... 00 13 .....48 200 .....- 208 IB. SO Washington .7S 6.73 I Washington I Washington 6.65 Washington Washington 6.63 6.65 For Relief - of Unemployed. I - lt..,a. iv.a. v, b i.tt... . . ... . 1 - I. I . 1 A.. en large organizations asking them take a part In the campaign suggested by C. W. Helme. superintendent of the uiuteu omica lauiiuj,, iW nave an oiif I "s increase ineirtwuramg.iorce py 10 per cent and thus, relieve the unem ployed situation. letters were sent to j tained a secret service to collect - In the'i Portland Commercial club, the I formation regarding the. activities .of Chamber of Commerce, the Rotary club, the Portland Ad club, the Pro gresslve Business Men a - club, the Portland Press club and the East Side Business Men's ciuo. The mayor says that he believes the plan of increasing the working forces of the large firms is a feasible on to help In relieving the unemployed eitua-I t Ion and be asks- the various organiza tions to support the-plan. Managers Object to New Fees. ' Theatres will' be required to pay a license-fee according to their seating capacity "instead" of con ' a ' graduated scale, according, to a decision reached by the city council . yesterday. A flat annual charge of $20 for all the atres will be-made and 10 cents for every seat. T George L. Baker, W. T. Pangle and John F. Logan,, represent ing the larger theatresobjected to the plan. They said that It would Increase license fees - of the larger theatres, while the. fees from all theatres would be reduced from: $S040 to $1174.70 a year. , Commissioner Bigelow proposed to reduce ' the- lee tor collection agencies from $12.50 -quarterly to $10 annually and the fee of solicitors from. $10 quarterly to $5 quarterly. , Final action on the amendments- has yet to te taKen, nowever. - . ? - '- ' ' ' sy -r , Buenos Aires Wheat. I Bnenoa Airea, ArgenUne. Jaa, B1. Wneat elobed e higher. . , LAV CALLED FOOLISH BY.UpraUNtK IS UPHELD BY COURTS Highest Tribat in Land In- dorses btate's Kight . to Regulate Insurance Rates. BILL IS RE-INTRODUCEDi,sUtut,on' tf?e board of directors has Harvey Walls Xslpad to Oaf sat Ideutl cal Act Witt It Was Befor Ltwmakm Two Tsars Aro. ' Much Interest is being taken in the facts disclosed by Tbe Journal's Salem dispatch . of yesterday, that Harrey .Wells, recently appointed-insurance commissioner by Governor Withy combe to succeed J. W. Ferguson, who was removed for political reasons, op posed the bill introduced in the last legislature providing for the regulation of rates of fire Insurance companies. Mr. Welia l!ed a minority report as a member of the commission appointed by Governor West to draft an insur ance code. He declared It was "foolish" for the state to enter the field of regu lating : fire Insurance rates. So much opposition to the bill was created by Mr. Wells and others -representing in- I surance interests that tbe Dill was I withdrawn. X nrnmlnetil uttnrn.v l&nirhinirlv I . w i., 5 w r i. V "J.ir wmuu an. vcna uccmcu ish,? had been enacted into law by the I state of Kansas, and upheld by. the I United States supreme court. The case wtLa tha German Alliance comDanv v. U ., riM.1(,Art Anrii so 1914 I ' ' - 1 To the contention of the fire insur lance companies, wnicn united in etiort to have the' law . declared unconstitu I tfonai; that the state could not intelll- tly determine fire insurance rates, substantially' the same claim made by the new Oregon commission, the Unit ed States supreme court replied:. "They (fire insurance rates) are the product. it is true, of skill and experience, but such skill and experience a regulating board may have as well as others. It would indeed be a strained contention that the government could not avail itself of the skill and knowledge poo sessed by the companies." The bill which Wells helped defeat at the 1913 legislative session was re introduced at Salem this week, and there Is interest, as to what Mr. Wells' attitude will be. In his position as insurance commissioner he exercises large Influence over insurance legisla tion, and can be active or indifferent in enforcing insurance laws. SOCIALISTIC IS j- GUGGENHEIM'S TERM FOR SELF r Continued From Pagn One ) believed the maximum work day in the coal Industry should be nine hours. v.. n,m,.rti He. Jcared hi properties were not unionized, but that he paid union I wages. I While Guggenheim was testifying. I "Mnthsr" jnnM tha fimnm vnmnn Btrike leader, entered the room. She I WVf w vwx.x. -. i.-nvj Teller jr ana looKea mm over care- I luiiy irom neaa to loot, nociceieiier I quietly left the room a few minutes later. "l am most lrte"est,?d." n sa,. "In the commission's work. I believe It ia honestly endeavoring to solve one of the biggest problems now confront- ing the United States." J. Pierpont Morgan will not be called at today's investigation. It was ex plained that he was needed in Wash ington in connection with a meeting I there of the federal reserve bank board. Morgan will be Interrogated later by the commission. He will be asked to j tel 1 of the relationship between cor- poratlons and their employes. In his testimony yesterday after noon Jacob Schiff said: "We should find employment for everyone wanting work. Even the crippled could work if the government, through' institutions, would show them how. "We -should have a method of ad vancing money to the .needy to tide 1 them over adverse circumstances- loans that could be repaid so the bor- I rowers would not be robbed of their "The government also' should solve the problem of distributing, labor." . Asked If be knew whether the West ern Union Telegraph company main tained a blacklist, Schiff said he did not believe tbe company had such a list Praises New Banking Lawi, Schiff characterized the new bank ing law a "progressive legislation which was 60 years in advance of the times." August Belmont said he had takon little interest in labor problems In re cent years. Directors of big corpora tions, Belmont said, seldom have, any thing to do with labor situations un- to I trikes occur. 1 Belmont said the Interborough j Rapld Transit company was hostile to i uni0nism as a result or a StriKe aeainst the corporation several years. - a0 Asked if the company main j r- men. Belmont answered: - j "We have men who are paid to kesp j jh ,. company informed , concerning everything" that is going on In eon nection with the road.' CIVIC LEAGUE PROGRAM "Workmen's Compensation in Ore gon will oe me general suoject oi theOreKon Civic league aiscussion in the Multnomah hotel Saturday.) James B. Kerr, Portland lawyer, and William MacKenxie, representing or ganized labor,- will lead the discus sion. -' i ' ' " ;-"v :'" "-'- ' .--.-- Doctor Kills Himself in Hospital. Los Angeles, Jan. 21. Dr. W. V. Keasby. ill . in a hospital, committed suicide. Overbeck & Cooke Co. Stocks, Sob da. Cottoa. Orals, Ca tlaV317 Board of Trade BoUdlag.' DIRECT PRIVATE WIRES TO ALL EXCHANGES ' Members Chicago Board of Trade. Corrsspondeat of Logan ak Brraa o. New Tors. GENERAL BUSINESS NEWS ' ,r'- ' '" " -f .'" " vr", . "..-.;--. " V- Js' - ; 'I' ' - r -h"- ' ' sBBBBpaaaBsBsssBB il. r -r - Builders' Exchange Proposes to Admit - Outside Members for the Purpose of Making the Local Organization a Meeting Place for Material Men, Manufacturers, etc, While Visitors in Portland. NEW ELECTRIC LIGHT RATES ARE GIVEN With tha view of making tha Fort- amenaea tne constitution and ty-iaws permitting manufacturers, . material men and contractors from points In the .state outside of Portland to join the .'local organization. It is proposed to make the dues 60 cents a month and the Initiation fee $10. Letters ln- 1 vitlng outside men to Join the -Portland organization will be sent out In a few idays. It is intended to start the cam- paign in earnest when 'the exchange gets into its new quarters in the Wor cester building February 1. The com mittee in charge of the movement for admitting outside members is com posed of F. X. Le Doux, W. C Arthur and J. J. Tranche!!. Speaking of the plan. Secretary O. Q. Hughson today said: "The Portland Builders' Ex change hopes to become a clearing house for all material men and contractors of the state, as a result of the proposed arrangement. We hope to-be able to provide a meeting place for all such persons, so that when they visit Port land they may make . their headquar ters at the exchange." Builders Want Meter System. Builders and contractors are inter ested in a plan proposed for changing the method of paying for water used In the erection of new buildings to the metered system. Will Xaly, commis sioner of public wprks, has the plan under consideration, and it Is expected that some solution of the vexed prob lem will soon be obtained. Builders have been complaining that they are being overcharged for water under the present system of paying according, to the amount of material used In con struction. It is pointed out that on one job the builder was required to pay $231.75 for water. Figured on the metered basia this amount of money would llave paid for 1,738,125 gallons of water, it is declared. In this instance, however, it is declared that but a small part of the amount Program of Oregon I rriga . lion Congress Indorsed in Resolution Adopted. The Commercial club committee ap pointed to support the legislative pro gram' of the Oregon IrrlgatiSfi con gress, has unanimously adopted a res- j oiution favoring an appropriation of $450,000 by the legislature for Irriga tion The resolution states that the amount should be spent In conjunc tion with a like amount from the gov ernment, but .spent independently if the government fails to cooperate. At its very first meeting the com mittee reached the conclusion that no plan broad enough to solve the prob lem of reclaiming the hundreds of thousands of acres of Irrigable lands in Oregon bas been formulated, and. In fact, there is no such plan for the west. The committee resolved to en list the aid of others interested and make a two-year study of the problem with the object of formulating such a plan. "If we succeed, it will mean every thing to the development of Oregon's arid and semi-arid lands,'"said Guy W. Talbot chairman of the committee. The resolution adopted by tbe commit tee reads as follows: Resolved That this committee favor the appropriation by the legislature of the state of Oregon at the present session, of the sum af $450,000 to be used In reclamation work in central Oregon in conjunction with a like amount by the general government if it will cooperate, If not, the said sum so appropriated to be expended at such place or places as may be- "elect ed by the desert land board. If the general government cooperate, then at such place rr places as may be se lected by the desert land board in connection with the federal govern- "Resolved further. That this commit tee, with Other committees and per sons Interested 1n the subject matter, study the problems connected with the development of arid lands in eastern Oregon by irrigation during- the next two years with a view to presenting some broad and comprehensive plan and policy, looking to the Irrigation of said lands at the lowest possible cost COMMERCIAL CLUB COMMUTE FAVORS FUND FOR IRRIGATION The First National Bank Fifth and Morrison Streets Capital and Surplus - $3,500,000 . latarast Paid em Savings and Juna Deposit - Security Savings and Trust Company , Fifth and Morrison Streets . Capital and Surplus - - , $400,000 ' Ladd & Tilton Bank Established 1859 , CAPITAL AND SURPLUS $2,000,000.00 - 'f . : ' " u Commercial and Savings Deposits' ' of water paid for was actually used. On another job the amount paid for Water was $272.o5 which would, ltave meant 2.000,000 gallons' under the me ter plan a quantity greatly In excess of the actual quantity needed. To ob viate the present difficulty Commis sioner Daly MugKesta. that application might be made for a water tap and meter prior to beginning work oh ? structure. .--.;. "1 Plastering Contract Xcsue. Exception Has been taken to the pub lished statement that 1C C. McDougall, who received the contract for plaster ing the walls and ceilings in the ne Meier & Frank- department store now under construction, is a local man. ' JL G. Hughson, secretary of the Builders Exchange, declares-that some of the I local plasterers contend that Mr. Mc Dougall Is a resident of -Seattle, wttn offices at 3144 Arcade building, that j city. At the offices of the Dinwiddle Construction company, which firm has awarded the contract on a bid for about $60,000. it Is declared that McDouga'l has completed some big jobs in this city and can rightfully be considered a Portland contractor. Among the local bidders on the Meier & Frank 'wo! were John O llare. J. D. Tresham antrl Danlelson & Caruthers. Haw Bate for Electricity. ' Effective February 1 a net maximum rate of 9 cents a kilowat hour for the first 100 kilowat will be charged- the Eastern Oregon Light & Power company, at Baker City, and In turn the city officials have agreed to abao don their plans fbr Installing a munic ipal lighting plant to furnish light for private residences. The city oommls sloners explained that it would be ad vantageous for the city to accept the company's offer, in View of the.expen- diture of $180,000 required for new plant, designed to compete with the existing plant. Mayor 1'aliner l sat isfied with the arrangement. . and to the greatest benefit to the public. - By Committee, Portland Commercial Club: GUV W. TALBOT, Chuinnan. C. t CHAPMAN. J. N. TEA I., -GKO. M. CORNWAM,, . -I.. .XLhKN-.T.KWlS, C. W. HUDSON. JOHN C AINSWORTII. C. S. JACKSON. Chamber I'asM Heulution. That the bill for the abolition of the Btate' bureau of mines and geology be not passed was a resolution adopted by the board of trustees of the Chamber of Commerce yesterday. The resolu tion will be presented to the. legislature as a recommendation. It was the first meeting of the new board, all members being present. President O. M. Clark presided. Koutine work wa taken dV and plans for the chamber's 1915 cam paign were discussed, without definite action. Blow at .Trading Stamps. . Salem, Or.. Jan. 21. Representative Vernon A. ' Korbes of. Crook .. r county aimed sL body blow at the trading stamn industry yesterday when he in troduced Into the house a bill Impos ing an annual license fee of - $6000 to be exacted of every person or concern selling or using any such device to at tract trade. ' : i ? . A similar bill was passed In Wash ington at the last fusion. It la pro posed by the bill presented .bere to abolleh the trading stamp, as, a factor lu merchandising absolutely. Journal Want Ads bring resuUs. THIS .company underr, takes the manage mftit of property, veal arid persorui-U for estates or individual. It acts as executor or trustee under wills, and wills fo appointing the company may be left In Its custody, It acts as guardian of the estates of" minors under appointment either by will or by order of court. . Coniult your.-' lawyer about your will. We co operate with him in carry ing out your wlwhes. Title and Trust Company4 Title and Trust Bldg, " Fourth Bear Stark.