THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, FEBRUARY 21, 1915.
BUYING HOME PRODUCTS SURE WAY TO AID TRADE
GENERAL BUSINESS NEWS
Oregon Wool Will Be Used in Construction of
Bodies for Automobiles at Factory Which Is
Expected to Start Up at Gresham.
MINING INDUSTRIES IN PklLIPPINES GAIN
Edited by Hyman H. Cohen.
T ADVANCES
IT
CAPITAL NEEDS IN
UNITED STATES ARE
PORTLAND IS HIGHEST
BUYING AT HOME IS
SURE WAY OF SAVING
DOLLARS FOR CITIZENS
E OF THE LOSS
REPORT OF A
BEST MARKET
IN PRICE OF WHEAT
APPLE TRADE TO DATE
CARED FOR
U. S. A. FOR
FRHGH
GOVERNMEft
MAKES
CAUS
POOR
AND
BEING
HOGS
4 European Irfces and Demand Are
Even Heavier Than When Values
Were l'p Here; Liberal Demand
Is Shown fop Flour Abroad-
Sharp reductions were forced in lo
cal grains for the week, in sympathy
with the low prices in Chicago. For
eign markets showed little change, and
were it not for the fact that freight
rates are advancing to Europe, instead
of Knowing reductions, as expected,
higher prices would be available here.
Present situation in the grain trade
seems to ' -e more inclined to follow the
. freilfht rate situation. Europe Is even
more eager for wheat supplies than
previously, although during the week
there were periods when lower values
were forced because of some efforts to
sell by Argentina.
As hau been pointed, out in previous
articles, Argentine whfat grow'ars are
not good holders, especially at the sta,rt
of the season. The more free offering
of Argentine wheat, therefore, has effected-to
some extent the price of the
cereaj in Europe.
''The severe weakness shown at times
In the Chicago trade is seemingly more
Of an effort of the b:g fellow to cut
the ropes which tie the smaller follows
to the bull kite than to any real weak
"Uesi'ln the world's situation.
coarse grains nave suffered even
. more than whe;lt in the local market
during the week.
Considerable business is reported
passing in the flcur market with Eu
rope, a cargo from here being con
firmed during the week, it is stated
that Italy Is one of the chief bidders
for flour supplies in the United States
at this time.
Patent flour prices showed only frac-
uonai cnange iocany during the weeit,
Trade is at low ebb, so far as the home
demand is concerned, alt of the big
Duyers naving been ruled up when val
ties were lower.
CLOVER SEED Buying Drice: Nom
lnal NO. 1, uncleaned, li412c; or
dinary, lie pound: aisike, lie.
FLOUR Selling price: Patent,
$7.20; Willamette Valley, 17.20; local
straight, $6.40; bakers1. $.007.40.
HA Y New f crop, buying price: "WH
lamette Valley timothy, fancy, 818.40
14.00; eastern Oregon-Idaho fancy tim
othy, J15.50; alfalfa,, $13.00 13.50:
vetch and oats, $9.00 ip 10.00 ; clover, $S
per ton.
GRAIN SACKS 1915 nominal. No. 1
Calcutta, $6.
-MILLSTUFFS Selling price: Bran,
SJO.O0W31-.00; shorts, $33.
ROLLED BARLEY Selling price:
$36.OO37.00 per ton.'
Merchant' Escbangrp upot delivery:
WUKAT.
Sat. m. Thurs. Wed. Tiieo. Mon.
- Bid
I:iuetem
.hAK.t $1.54',, $1.54
fortyold
1.53 1.53 1.68
Club-
1:50 1.52 1.58
lied Russian
1.40 1.42 V4 1.43
Hod Fife
$1.04 $1.67
1.53 i.ea
$1. 55
.155
1.54
1.44
161
30 00
80.00
30.00
27.50
28.50
1.62
1.42
1.55
1.46
1.60
1.42 1.44
1.45 1.47
OATS.
84.60 84.50
UARLEX.
34.50 34.75
85.75
29.00
30.00
Feed
2JVU0 2S.0O 2S.00 81.00
lirpwlng
MILLSTCFFS.
20.00 28.50 27.00
Fm1
2d. 00
27.00
2(5.00
S'.ot)
29.00 27.60
28.00
Futures were quoted:
WHEAT
Bid.
March blwatem ..l.ii4
April l)lu'-toiu 1.57
lny t,lut-(.tl 111 1.50V
March fort fold 1.52
April fortytold 1.54
Maroh i-lulj 1.01
April club 1.5:;
March UpcI KuKBlBn 1.42
Apijjl Bed Uuaaian .4n
J'un Red Kite 1.45
April; Red Fife 1.47
OATS
March 35.00
April 36.25
id ay 37. 5o
Aik.
ri.6.-
1.58
1.110
1.G4
1.55
1 .52
1.54
1.43
l.4tt
1.47
1.40
35.50
87.00
as.oo
Onion Growers Are
. Broadening Market
The Confederated Onion Growers'
association is experimenting with va
. rious packages and storages for long
distance shipment or their product to
the Atlantic coast markets. The asso
iciaton recently sent a supply of
: onions to New York via the Panama
canal to demonstrate their keeping
quality. In a short time the organiaa
; tion will send shipments In crates and
.In sacks, some in the ordinary method
'of shipment and others under refrlger
. ation. An effort will be made to ee
toure a permanent market for supplies
on the Atlantio coast in the late part
of the season.
During the past week the associa
tion shipped 16 cars of onions to vari
ous points along the coast and nine
'oars have already been sold for next
week's shipment. A total of 193 cars
remain, -but this is not considered
heavy In X'lew of the fact that several
hundred cars are annually purchased
of the new cron of the south after
the Oregon product is exhausted. Sales
during the past week were made at $1
-a cental f. o. b. shipping points. The
onions fire showing unusually good
keeping quality and are expected to be
suitable for the market at least until
.May. '
WOOL IS TENDING HIGHER
Boston Market Very Strong at Ad-
lation of Wool Permits.
Boston, Mass.. Feb. 20. While the
wool market has been less active the
past Week than previously values aro
still tending upward. Medium woola
ere active and continue to show great
er Strength than other grades, partly
owing- to the lack of desirable lots and
partly to the uncertainties attending
tlie Importation of Australian merinos.
Contracting has begun in the west, de
sirable medium clips having been
bought in several states on a basis of
2s to 25 cents. Shearing already has
begun in Ariaona and some wool has
been bought by Boston dealers at ex
tremely high prices. Manufacturers
ere holding back as much as possible
but there seems to be no possibility
of cheap wool the coming season.
LocAl sales have been mainly of for
eign wools to arrive, but they include
a smattering of greasy and scoured
territories fleeces tnd pulled grades.
Total sales are estimated at something
over Z.OOO'.OOO pounds. Embargo con
ditions are fully as unsatisfactory as
t any time since the war opened.
All kindg of rumors were afloat In
the wool trade today, the most per
sistent one being a statement that
: Great Britain has revoked all permits
to ship wool. This could not be veri
fied, but the panicky feeling existing
In the trade is well illustrated by the
fact that many were ready to belleva
the story.
V HOOS AHO VT3A1. WASTTED.
' Offering" for immediate Itipment. hoes No
1, 8r per lb.: boss. No. 2. 80-HU.c rr
lb.; yeal. No. 1, 12j-li; per lb. veal. No.
S .J11.2'., t'Jb N co"nilalon: 'heok
mailed daily. The feevinar Co.. 20 Stark st
Marshall 687.
Cold Storage Deal Considered Un
favorable by Bureau of Markets;
Box Apple Mckes Less Favor
able Showing Than Does Barrel.
By Clarence W. Moomaw.
Specialist in Cooperative Organization.
Although dealers generally report
that the holiday demand for apples
did hot prove to be as expected, the
result of investigations conducted by
the office of markets would Indicate
that the movement of cold storage ap
ples during the month of December
was satisfactory under the conditions.
The following recapitulation may be
of service to growers, dealers, and
cold storages in arriving at helpful
conclusions regarding the present and
future of the season's cold storage
deal:
Number of apple old stor
ages reporting January 1,
1915 30
Number reporting on Octo
ber 15, 1914, but not re
porting January 1, 1915... 80
Number reporting on Decem
ber 1, 1914, but not report
ing January 1, 1915 7S
Total capacity of firms re
porting January 1, 1915,
barrels 7,095,691
Holdings Januarv 1, 1915
(2,517.912 barrels and 2,
759,128 boxes), barrels.... 8,437,621
Holdings January 1, 1913
(1. 889,057 barrels and 2,-
boxesl, barrels 2,792,285
Of the 306 firms reporting for Janu
ary 1, 1915, only 231 reported Decem
ber 1, 1914. The holdings of these
31 firms upon the two dates men
tioned were as follows:
December 1 (2.232,613 barrels
and 2,306,236 baxes), bar
rels 3,001,358
January ;1 (72,627 barrels
and 2,208,175 boxes), bar
rels 2,60S,68fi
The total movement from theso
storages in December thus amounted
to 392,673 barrels. If the average
condition for 231 cold storages situ
ated in all parts of the country is n
c riterion, approximately 13 per cent of
the total cold storage holdings Decem
ber 1 were marketed prior to Janu
ary 1.
Box Apples Slow.
Analyzing the movement for bar
rels and boxes, it is noted that ac
cording to these reports the move
ment of barreled apples has been
much greater than the movement of
boxed apples. It Is seen that during
th month of December 359,986 bai
rels were marketed. whereas the
movement of boxes amounted to only
SS.061; or, in other words, approxi
mately 16 per cent of barrels were
moved as against 4.2 per cant of
boxes.
Remembering that cold storage ap
ples met with heavy competition in
the distribution of common storage
stock, it Is apparent that the move
ment of barreled apples in December,
an indicated by the above recapitula
tion, was liberal. Common storage
apples are chiefly marketed prior to
January 1, and the entire common
storage holdings as a rule are out of
the way by February 1. This does not
mean that high prices can be expected,
but .rather that the fruit ought to
move gradually to meet the heavy de
mand which has been created during
the past few months as the result of
bountiful supply and low prices. With
common storage apples out of the
way, the demand for remaining cold
Bitjrase bioch win increase propor
tionately. It is reasonable to exoent that the
reports for Februarv 1 will show a
movement as liberal as the move
ment of December.
Quick Movement Hecessary.
The percentage of movement in De
cember for box apples was small, but
it Is to be remembered that large
quantities of this pack are held in
common storage in the box apple pro
ducing areas, and that box apples
placed in cold storage under condi
tions existing this year were held
largely for the latter winter markets.
The cold storage holdings of apples
are admittedly large, and a regular
vigorous movement throughout the
remainder of the season mav be neces
sary to prevent disaster in the spring.
Growers and dealers are urged neither
to dump their holdings nor to stand
for arbitrarily lhlgh prices. Panicky
selling usually means grief, but all
concerned should seek to move cold
storage apples gradually and with
such rapidity as the market allows, so
that the deal may be wound up in
relatively good shape.
PORTLAND WOOL CENTER
Shipments Through This City to
East Would Create Big Saving
to Fleece Interests.
John Day. Or.. Feb. 20. The rapldlv
growing sentiment among the wool
producers of eastern Oregon In favor
of shipping their clips to Atlantic
coast markets through c the Panama
canal would indicate that Portland Is
to be the funnel through which 15,
000,000 pounds of wool will flow an
nually. The difference between Water and
rail rates on wool to Boston and Phila
delphia, is very marked. A compara
tive Ktudy of the rail and water tar
iffs shows that wool from as far east
as Focatello can be Shipped to the
eastern markets throurh thu rnrisil
via Portland, at a saving of 7 "Cents
per hundred over rail rates.
Most of the eastern Oregon clip Is
shipped from Pendleton, La Gande
anc Huntington.
Ltilesa the railroads take steps to
compete jmh the water rates, it is a
matter of only a few years until the
entire clip of Oregon, eastern Wash
ington and western Idaho, amounting
to the huge total of 80,000,000 pounds,
will pass through the canal via Port
land. The sheepmen are awakening to
these facte. Many of them are taking
these figures into consideration in
connection with this year's offerings
The great present need of the sheep
men of the west is a scouring plant
on the Pacific coast. The. natural
fleece averages about 35 pen, cent wool
and 65 per oent dirt and grease. This
means that the woolmen of Oregon
are paying freight on 9,000.000 pounds
of dirt evefv year. A scouring plant
located at Portland Would save the
Oregon woolgrower. In round figures.
1100,000 a year.
Here's Some Cheap Wheat.
Says the Pendleton East Oregonian:c
Wheat In Russia is quoted at 20 cents
a bushel with no market is the state
ment contained In a letter from Rus
sia seen by James John of this city
yesterday. Mr. Jones was at Hepp
ner Junction and encountered a Oer-man-Russlan
by the name of Schrei
ber who had Just received the letter
from his father. The letter also stat
ed that there ar 350,000,000 bushels
of surplus wheat tn Russia, bottled
up by the war. When this wheat is
turned looss upon the world market,
there is bound to be a bljr drop in the
market, Mr. Johns thinks.
Foreign Exchange Hates.
Merchants National bank quotes for
eign exchange:
London Sterling. 14.85
Bert tn Marks, 28.00.
Paris Franc-s, 19.78.
Hongkong Currency. 48.9S.
Stop TUght of Dollars.
In an able address before the
Oregon Retail Merchants' , as-
uoclation convention in thig
city during tha week, Prank
1. Shun. of the Portland
Klouring Mills company, gave
the retailers some food for
thought in keeping their dol- ,
lars at home. The address in
part follows:
J
By Frank L. Shull.
Not every man that wears a boos
ter's button is a good citizen. We are
apt to think that when we appear on
the street In our white suits that wa
are somehow doing great things for
"'.s"". mayoe our every day
suit was made in San Francisco, but
u ,,?.usua1y the cs th" the typi
cal hurrah, boys," of whom there are
many, are first of all out to adver
tise themselves and incidentally their
city or state. As a matter of fact,
our more thoughtful citiaens of today
are frowning on spending money for
junkets to neighboring towns, and
Jinanding more practical methods of
building up Oregon.
No one can object to enthusiasm,
in lact It Is a necessary trait when
properly directed, and should be back
of a" the purposes that are covered
by the various slogans that have to
do with buying at home or abroad.
1 here should be enthusiasm back of
all such expressions as "Buy at
home.' "Keep Oregon money In Ore
gon," "Oregon first," "Be loyal to
your state." and "Patronlasa Oregon in
dustries." When you get right down to an
analysis of the reasons for success of
any city, state or country, you will
find that loyalty and belief In one's
own part of the world have always
been prominent. Why is California
the popular state that it is? It has
many things to justify its promi
nence, but the most prominent of all
is the loyalty of its people. Kvery
Callfornian believes that he lives In
the greatest etate in the Union, and
is always ready to give reasons for his
belief.
California Xs XioyaL,
Can you get fruit in California that
Is grown anywhere else than in that
state? You will run the risk of being
thrown out of the hotel If you ask
lor Florida grape fruit. When nature
passes them a little bit of unfavora
ble weather, the Callfornian sees the
silver linlnsr to the cloud. and ac
cording to his philosophy there Is a
benefit in the end. When the frost
destroyed a large part of their citrus
crop they were not at all discouraged
but called It a blessing as it destroyed
the pests on the trees, and Insured
better fruit in the future. ,
The largest element In the growth
and prosperity of Seattle is the loy
alty of its citizens. Seattle people
for years have believed that theirs
was the best location for a city In
the world, and have had faith that
eventually they would only be second
to New York. It should need no
argument to convince that loyalty Is
the greatest asset any community can
have. First of all loyalty to one's
own family, then to our town or com
munity, then to our city and finally
our nation.
Xtoyalty Begins at Horn.
"Oh! some one says, "we should be
broad minded and see beyond our own
little Dart of tha world, (hitro nrn o-nnrl
people everywhere." True, but the gun
that scatters doesn't bring down much
game, neither does the man who "Says
he is a citizen of the world do much
for any Individual for his love Is
scattered over too much surface to be
of much effect. They say "Charity
should begin at home." but so should
loyalty and service. Every man owes
his first duty to the members of his
own family. Their health, their pleas
ure and their prosperity should be the
purpose of his life, and you and I
judge him according as he fulfills these
obligations. If he is constantly sav
ing this country and neglecting his
family, he is justly condemned by his
fellow men. Loyalty to one's Own
family needs no justification.
The family, however, can not live to
itself alone for it is In daily contact
with the community of which it ia a
Tart and this Implies a duty from one
family to another. Before talking of
loyalty to Oregon, then, we should be
come loyal to the community in which
we live, and I think this is true of
every small community in the state
oven more than of the larger city. Sup
pose we go to Roseburg and ask
whether the people are loyal to each
other and to the merchants of their
town. If they do the most of their
buying in Portland or Chicago or San
Francisco, or even If they Send awat
for any of their necessities that could
he bought at home the community Is
not a prosperous One and cannot be
until a change in Attitude Is brought
about.
Should Buy aft Some.
The city of Portland has no call for
the patronage of any country com
munity nor has the county seat. Where
there are smaller towns with good
stores the consumer by choice should
buy at home. It is also a fact that the
good stores are found in the towns
where the people of the eommutiitv
rre loyal to their home msrehants. If
the people could be made to see that
their local stores will be just as good
as they allow them to be, there would
be more prosperous towns and sur
rounding country. The retailer will
carry just as Rood a stock as hie cus
tomers demand. He goes care
fully over the requirements of the
community and puts in a complete
stock. If thp demand is steady for
the various articles he carries he will
keep a stock that will amply supply
the community, but if his customers
sena away ror shoes and Sugar and
flour and many other things that look
frood in a mail order catalogue, the
ocal merchanfjmust drop out different
lines from his' stock for which there
Is a small demand, as he cannot afford
to carry a little of everything for onlv
an occasional demand. The country
MODERN DAIRIES ARE FAST TAKING
THE PLACE OF, OLD STRUCTURES HERE
V-.".-.'.'.w.isSA.''.v
Within the last two years there haa
been a revolution in sanitary affairs
in the dairies which supply Portland
with milk and cream. New, modern
barns have taken the place of the old
,
& 1
' f "
'4
Ji
Frank L. Shull.
merchant is entitled to the trade of
his community, and the people should
spend their money with him. He is
the man who gives them credit and in
many cases has to carry them, from
one crop season to another. When sick
ness or lack of work prevents the
consumer from paying his bill at the
usual time, the local merchant be
comes his banker, and has to carry him
until such time as he can get funds.
Mr. Country Merchant, If your people
are not loyal to your store, and are
sending to Portland or elsewhere for
much or little of their requirements,
you are justified In taking up the mat
ter with all such persons and endeavor
to - convince them that they are not
only doing an injustice to you but to
their entire community. It is their
duty to buy at home and not abroad.
Gave Oregon Preference.
Now that we are agreed on all that
has so far been said, let us go a step
farther and apply the same argument
to the retailer. Do you give the pref
erence to the Oregon manufacturer
and jobber, or do you prefer, buying in
St. Louis and San Francisco? Are you
! rhepsft nr Ji t vnii i n el ! tTi - vnnr rrmnow
to eastern states for cheese that is
not as good? Are you selling Oregon
made furniture, or does it make no
difference where it comes from? Are
you keeping your money at home or
are -you, sending it abroad? I know
that It Is not possible to handle only
Oregon made goods, for there are a
few lines which are not at present
made in Oregon. There are probably
certain grades of merchandise that
are demanded by the consumer that
can only be secured from otMer states,
but the argument is that it is the duty
of the Oregon retailer to purchase
every dollar s worth of goods In Ore
gon that is possible. There is prob
ably not nearly as much goods bought
in San Francisco as a few years ago
but there are still many thousands of
dollars sent there for meronandlse
that .could be bought in Oregon Just
as well. The time was when prepared
pancake flours were shipped here in
car lots, simply because there was
nothing made here that was equal to
the imported article.
XaOcal rroduot Best.
When the consumer was shown that
the local product was even better
than the imported one, and the retail
er was assured a profit better tnan he
had made before, and the wholesaler
was shwn that his profit was better
than in the past, it did not take long
for the local product to crowd out the
Imported one. and today a Missouri
made package of pancake flour is a
scarce article.
Do California merohants buv from
Oregon jobbers, or manufacturers?
Not to any great extent, and In no
case do they send their orders here
except for such goods as are not made
in California. I have before argued
that one of the rules for success in the
retail business is to confine your pur
chases to as few houses as possible,
and the . failures among merchants
constantly support the argument.
FUR TRADE IS DISTURBED
The great January fur sales, which
usually take place in London, were not
held this year. The March sales, which
are even more important in regulating
values, are also unlikely to take place,
and the first fur sales of the- year,
so an official of the fur trades section
of the London Chamber of Commerce
stated, will probably be in April, wheh
a combined spring sale Is contem
plated. The dearth of furs from the belliger
ent countries, notably Russia, Is- re
sponsible for this dislocation of the
wholesale fur trade, and, incidentally,
the German buyers, who have hitherto
attended the London fur sales In large
numbers and made enormous pur
chases, will, of course, be absent. It
is expected that American supplies of
skunk, musquash, mink, opossum, mar
ten, and black and silver fox will help
to make up for the deficiency of Eu
ropean furs. Among the cheaper furs
in request for ties and muffs aro
rabbit skins from France and Belgulm
and white hare from Russia, and sup
plies of both of these will be very
short.
Australia Embargo on Wool.
The embargo m wool has been re
lmposed. Permits Issued prior to Feb
ruary 6 hold good.
One of the modern dairies,
dilapidated structures, and up-to-date
facilities, with a consequent increase
in Cleanliness, has been the result.
The pieturehowa the recently com
pleted dairy house -of the Rose City
American Markets Are Able to Aid
Not Only Home Enterprises but
'Are Called Upon to Help Europe
in Carrying on Their War.
By Henry Clews, New York Banker.
No better evidence of financial im
provement could be recorded than the
increased r.ctivity of new financing.
Immediately following upon the open
ing of the war there was a sharp con
traction in new capital applications,
the total of which recorded for the
last seven months reached about
$480,000,000, or $166,000,000 less than
the same time last year. The lowest
month was September, when applica
tions fell below $28,000,000. Recovery
has been gradual and In January the
total rose to 1137,000,000 or only
$3,000,000 below the same month in
1914; whllethe total announcements
thus far in February already erceed
$160,000,000 bonds. including $100,
000.000 New York Central. $27,000,000
New Tork State, and $15,000,000 Cana
dian Pacific, besides a number of
other Important Issues. The January
total was of course swelled by th
Pennsylvania Issue of $49,000,000. To
tal Issues in February last year Were
$176,000,000.
Notes Taken Care Of.
A considerable portion of current
nw issues is for the purpose of ad
justing maturing obligations; but the
significant feature is that these oper
ations could not have been successful
ly carried through a few weeks ago;
while now it looks as If other import
ant flotations will follow, so that this
February will considerably exceed the
same month a year ago. While we are
facting beyond doubt an urgent de
mand for capital, it is not likely un
der existing business depression that
there will be any great demand from
eally new enterprises. This year an
extraordinary volume of short term
notes and other obligations mature,
which will have to be extended or
turned into fixed forms, the latter
method being the most probable.
All Borrowing Money.
There Is also another and very sig
nificant trend in the new demands for
capital, which 4s that nearly every Im
portant nation In the world except
(ireat Britain Is either borrowing in
the United States or wishing to bor
row. This is due to the war. London
has practically retired as the world's
banker for the purpose of devoting
Its whole financial resources to con
duct the war. Of course, this with
drawal Is temporary, yet it offers an
unusual opportunity to the United
States, because New York is now the
only free capital market In the world,
and hither will come a large portion
of the new capital applications. At
present the war is being carried on
by all belligerents largely by means
of short term obligations, although
Great Britain Is aiming to pay a con
siderable share as current expenses.
Later on these war debts will bs
turned into more permanent forms of.
investment. All of the belligerents
have established extensive credits In
this market, for the purpose of pur
chasing war materials, immense quan
tities of which are being steadily
shipped to Europe.
British Wool Shipments.
In connection with the embargo on
wool In the United Kingdom, It is
stated by the British Board of Trade
that while applications for licenses
to export wool are considered on their
merits, any proposal to ship to the
United Kingdom an equivalent quan
tity of manufactured goods In ex
change for raw wool exported to the
United States would be given due
weight In passing upon such requests.
It Is considered probable, therefore,
that an American manufacturer send
ing a consignment of woolen goods to
the United Kingdom may, by reason of
such action, make successful applica
tion for a license to Import a corres
ponding amount of raw wool.
Why?
Bays the Creswell Chronicle: WTiy
Is It that we cannot always buy dried
prunes.-at the local grocery stores when
several tons of this kind of fruit are
dried right here in Creswell annually?
Why do the merchants not use pro
ducts put up at the local cannery?
Why is It that a great deal of the
fresh fruit handled at the local stores
is imported? It looks as though
enough of these commodities could be
kept to supply the local demand.
BOSTON STOCK QUOTATIONS
Bo ton. Mass.,
AdTenture
A b meek
Alkraefe
Arcadian
Alak
Baltic
Belmont
Bohemia
Boston Ely .
Butte Bal
Batte Coalition.
Cat. it, Arts
Cal. & Hecla...
Centennial .....
Chino
Com. Cop. Mlnea
Copper Kanse ..
Oortez
Daly West ......
Iavl-ralr . . ..
Kaat Bntte
Klrt Nat'l ....
1'Tanklin
Goldfleld Coni..
tJreene-Cananea.
Granby
Hancock
Helvetia
, Feb.
1
2m
39;
fit
!&
14
S2
ass
it
34 h
J'
20
2
1
2414
m
Ai
2."
iw
2014
X
i5
4U
20. Bid prices:
Mexico Con. ... 12
I Miami 18V4
Michigan 00
, Mohan k R44
I Nerada Coaa. ... 12
Nlplcding .'H
North Butt 234
North Lake I
Ohio Copver 9
1 Old Colony. 'A'A
Old Dominion ... 41
Oaceola OS
(Jiilncr 5S
Raven 10
Kny Cons 10U,
Santa Fe '
Shannon 511
Shattuck 21 s
Str-wart 11
Superior . 26
Sup. & Ronton . . 1U
fy. 1ft Packing . . m
Tamarack W ,
Trinity 2
Tuolumne 25
rnltcd Fruit U4H
I'n. Shoe Machy. Ti4
Ho pfd 2i4
United Zinc
V. 8. Smelters . 21 vt
do pfd 41
Utah Aprx 2
Utah iVini
Victoria 1 1.4
Vlnoha 1 il
Wolterlne 49
Wyandot . 14
Yi.kon Gold ..... 2
Crown 75
Houghton
Indlann
New Inspiration
Isle Koyale . . .
Keeweena . . .
I A Salle
Lake Copper . . ,
Majestic
Mawn Valley . .
Mas. Mining .,
Mayflower .
dairy, on the Columbia slough road,
completed at a cost of $7000. The
dairy consists of 100 Durham cows,
end is owned by Rudolph Schneider,
one of the pioneers in the local dairy,
ins trade. -
Values Here Are Higher Than Any
Regularly "Established Stockyard
Market in Country; Trade for
the Week Generally at A Loss.
PORTLAND LIVESTOCK R.UN.
Week
Ending Hoes. Cattle. Calves. Sheep.
Feb. 20 6232 1093 84 5792
Feb. 13 6354 1635 83 4247
Feb. 6 . 4602 1271 12 2850
Jan. 30 4766 1926 13 4222
Jan. 23 8899 657 51 300
Year ago... 8285 1662 12 6744
2 years ago. 4385 1633 .24 5393
3 years ago. 2201 1230 1 6208
While this was a week: of serious
depression in hog values at North
Portland, be It said to the credit of
the local market that It is the highest
in the entire United States of any of
the recognized yards.
Hogs ended the week at North Port
land around 16.70 for tops compared
with $6.55 at Chicago. Kansas City and
Omaha, and $6.50 at Denver. At all of
the latter places it took somewhat bet
ter quality to secure the extreme prices
than at North Portland, because the
standard of quality is higher in the
east, where the marketing is more ex
tensive. North Portland showed a slight loss
In swine arrivals for the last week
compared with the previous elx days,
but the fact that all of the leading kill
ers were well supplied with offerings
brought the price down from $6.90 to
$6.70.
General cattle market range:
Best light $6.65g6.70
Medium light 6.65(i6.60
Good and heavy .U0Ht6.50
Rough and heavy 6.80 ip 5.90
Stockers 6.50 6.75
Cattle Prices Are Iiower.
Lower prices were named for cattle
at North Portland during the week's
trade. For top grain fed stuff values
are from 16c to 25c below previous
quotations arid a similar loss is noted
from former quotations on hay fed
stuff.
Cattle offerings at North Portland
for the week, were smaller than during
the previous six days, but there is
a more limited demand. Killers took
hold of offerings rather slowly and
everyone Beamed to be waiting for the
other fellow to establish the price.
flenral cattl market range:
Select grain fed steers $7.65 7.75
Best hay fed steers 7.167.40
Good to choice 6.60 7.00
Ordinary to fair 5.50W6.25
Best cows 6.50)6.60
Good to prime 6.00 6.35
Ordinary 6.26 6.60
Selected calves 8.00 (&) 8.25
Fancy bulls 6.6046.00
Ordinary r". . . . 4.00 6.00
Mutton Price Zs Lifted.
There was a further lifting of mut
ton and lamb prices at North Portland
for the week with a fractional in
crease in the run over last week, al
though quite a per cent of this week
offerings went on the nearby feed lota
and were not offered for sale.
Top lambs reached $8.25 daring the
week with one rather liberal sale at
that price.
The local market for mutton and
lambs is perhaps the most favorable In
the entire country and ia In need of
rather liberal supplies for the immedi
ate future.
General mutton trade range:
Old wethers $6.90 7.00
Rest yearlings 7.00 7.15
Best ewes 6.00&6.1o
Best east mountain lambs. . 8.25
Valley light lambs 7.858.00
Heavy spring lambs 7.60 'w 7.76
Wool Market Goes
To a Higher Mark
Future Looks Good
StUl higher prices were forced for
wool at world's centers during the
last week. The general scramble for
supplies, together with the very limited
offerings created a situation unparal
leled in the history of the fleece trade.
Not only waa there a stronger situ
ation with higher prices for last sea
son's fleece, but contracting was on
a stronger basis with advanced prices
offering, it was stated tnai zoc naa
been generally offered for best fleeces
of the coming clip in eastern Oregon
and Idaho, but growers were not In
a contracting mood because the . be
lief of still higher prices will be
available. Many lave declared they
will ship to the Portland market next
season because of? the better net re
turns available here.
In a special circular regarding the
market, the Portland Wool Warehouse
company eays:
"Our correspondents from Philadel
phia and Boston bv telegram Inform
ug that the past .week in both mar
kets has been a rising one. The spec
ulation is on atBongst dealers and
people who have wool to sell, can get
a good price menely by holding.
"The situation fh regard to embargo
is practically the same, and some fine
wools are being brought into the United
States with proviso that neither the
wool nor the goods into which it will
go fhall be shipped to Germany.
lielow we give relative prices:
EASTKR OREGON.
"Where cheep are run in the sandy
countries.
Scoured
Grease. BaBis.
Fine staple 22Cf'24c TOtVlc
Fine clothing 1921c 65468c
Fine medium staple ..2224c 654i67c
Fine med. clothing ...21 23c 63 & 65c
Tfalf blood comb 24(26: t770c
Three-eighths bd. rom.28 i80c 62(& 64c
Quarter blood comb. . .30 4ji3i;c 6062c
"The above prices In grease are In
accordance with the shrinkage.
WILLAMETTE VALLEY.
, Scoured
Grease. Basis.
Quarter blood 83$z86c 62o
Three-eight-hs blood .....32g34c 64c
Half blood , 2830c 68c
"Cotswold and similar wool 28 30c
In grease, according to condition.
"Above prices in grease are in ac
cordance with shrinkage.
"Mohair is looking better, and the
market abroad has a very firm tend
ency. The call from the mills is gen
erally for the low wools, such as cots
Wold, one quarter and three eighths,
and, in fact, any wool from one halt
blood down is in good demand."
Hop Market Is Firm
With Further Sales
With offers for hop contracts firm
all along the coast at 12c a pound
for either one, two or three year terms,
and with sales in the Willamette valley
at better than 13c, the situation in
general is somewhat stronger.
Dave Stout sold 55, bales to Bollam
of Salem at better than 13c and other
purchases are reported.
Wolf A Netter Co. of California
fiurchased the Blouth crop of 750 bales
n the Yolo section at llc, 100 bales
of the Williamson crop at 11c, and
purchased a contract for 40,000 pounds
from Mrs. Fish in the same section at
12r a pound.
Donovan purchased the Anson Cas
eelman crop of 225 bales la the Yolo
district at 12c.
, Local dealers figure remaining lots
here at 2900 bales and in Yakima 1300
bales. ,
P. A. Combs, president of the,
Beaver State Motor company, has re
cently returned from an eastern trip
on which he purchased materials and
supplies for t.he company's new au
tomobile factory, which will, it is
stated, be in operation at Gresham,
X)r.. within a short time. The build
ing is 60 by 200 feet and it la pro
posed to build an addition to the
foundry which wm increase the origi
nal estimate for the plant. It is
proposed to purchase as much of the
materials for the manufacture of the
cars in Oregon as possible. Most of
the wood used in the bodies can be
obtained at home. This will consist
of oak, fir and spruce. Pigiron can
be- bought to good advantage in Port
land. Trie firm will make a specialty
of the Beaver Six, a car which will
weigh from 1800 to 2400 pounds.
Raw-far Trad Affected by War.
The great war la charged with the
Impairment, almost to the point of
extinction, of the exportation of raw
fur from this section of Canada. Prices
have dropped to a point where there
is little profit for the trapper and
less margin for the middleman, plus
Increased risk in business. The sea
son's catch in the district north of
and contributory to Prescott will be
the lightest in many years. Many per
sons who in of her years engaged in
trapping during the winter, when
other work was slack, will not take
the trouble now, in view of tSe low
prices; others and these ara the bet
ter trappers and most ' experienced
woodsmen have enlisted for the war.
But two shipment of raw furs
have been Invoiced at the Prescott
consulate since the opening of the
season, and these were small lots. The
prices paid seem almost ludicrous
when compared " with those of two
years ago. Muskrat now brings lOo to
16c per skin; and It must be a prime,
full furred mink of good aire to bring
$3. Six dollars was paid far more
readily two .years ago for prime mink.
Fox, coon, and skunk "show tha same
ratio of depreciation in price.
Philippine Mines Oainlngv
Mining men -In the Philippine are
practically agreed that the period of
experimentation In that Industry has
passed and that a steady Increase In
the gold output of the Islands for an
indefinite period may now be confi
dently expected. The export figures
"of recent years seem to bear out thia
conclusion. New centers of operation
are constantly being opened up and
new machinery put In place.
RREGULARI7Y
BEING
SHOWN IN THE CALL
FOR STOCK ISSUES
New York Market Erratic With a
Period of Pressure Early on
Account ; of Foreign Situation;
Steadier Tone Showe at Close.
New York, Ken. SO. Irregularity
marked the course of values In to
day's stock market. The early pres
sure In the list caused by the uncer
tainty regarding the outcome . of fu
ture negotiations pending between the
united states and uermany inaucea
some liquidation and seemed to be
fairly well absorbed.
The prospects of untoward happen
ings over trie week end ana tne boil
da y Monday served to ateady the list
and a moderate display of strength
was manifested toward the close. The
market continues to be dominated by
European events and a continuation
of an irregular market is likely to be
the result.
Range of New York prices furnished
by Overbeck & Cooke Co., 210-817
Board of Trade building:
1JK( Kll'llUN
Opgn 1 HlKb Low Clo
Auial. Ciper X
Am. Car a Voaa.. c. .
Am. Can, c
do preferred
Am. Cotton Oil, c...
Am. Loco., e
Am. rtugar, c
Am. HiiiL-lt, e
Am. Tel. Tid
Anaconda Kilning Co..
Afuikoti, c
do preferred
15. & O., c
Beet Sugar
Bethleuiii Steel, e. . .
Brooklyn Rapid Trana.
Canadian raclflc. c.
02 ,
C2
CIV
4a
n
44
21 V4
109
ii'A's
2S2
27
46" '
V!1H
101 t
'45
'44"
iol
61
116
'08 M
21tt
103
118
83
67'
6uVa
m
'ef
87
OUT
6494
1S
157
15&H
Central Leather, e. . .
33'
a3H
C. G. W.. c...
do preferred
C, M. Sl St. rani..
C. tc N., c
Clilno Copper
10
28
123
84
45
23
Stt
11
a
es
147
10
2
27
84
83
41
2
5
35"
41
X4
84
B4H
Cueaapcake & Obio ..
Colo. Fuel it Iron, c.
40
23
Colo. sminern, o,...
CufiHtlidated Uaa
Corn Product, c . . . ,
do preferred
Delaware at Hudwn .
Den. A It 10 Grande, .
do preferred ........
Erie, c
do 2d pfd
do lit pfd
Meneral KJrctrle
i. N., ore ianda
O. N.. Pfd. ..v
6
21
a
&4 ii
84 V4
sow
34 14
141 'A,
30
141V,
141
80
114 'i
24
106 K
'84H
1H
xiW
114 V
24
103 Vi
'54
iao
21Vi
10
'io
113
1?4
Ire Hevurttlea ......
IIHnoU Outral ....
Inter. HarTeater ...
do preferred
LebiU Valley ....
K. C. Southern .
24
23
105
vs.
54
54H
12'A
i:o
21
1044
Louisville Sc JVaahvllle
M., K. Sc. T., e
l6
!u. tv. at i.. vi. . . .
MiMourl I'atflflc
National Lead
New Haten
New Vork Ceatral. .
N. Y.. O, A v
29
J
4H
47
22 li
83 V
22VS722
&2
Norfolk A Western, e.
100
Nortb American. .. . . . .
Northern Pacific,- c. . .
Pacific M. S. 8. Co...
Pennsylvania Hallway.
P. G.. L. at C. Co....
Preaaed Hteel Car, ..
Ray Cona. Copper. . . .
Reading, c , . . . .
P-eudllig, lat lit
Republic I. 8., C
Republic I. & B.. pf..
es
101
1
106 J 105
104
104
11T
28U
ltt.
28
1:
141
1
16
140
28
1
141
141
73
78
1
IP
45
!,
Rock laland, c
Rock laland. bf.
1V4
iVi
1
St. L. & H. 2d pf
at. l. a a. r,. lit pi
su l. a a. w., c
Soulbern paciitc, c...
Boutberu Railway, c.
.HuHtlieru Railway, pf.
Tenn. Copper
Teian Pacffi''
T St. L.Tfc W.,
Cntna Pacific, e
Union Pacific, pf
f. 8. Rubber, C......
V. K. Rubber, pf
t . H. Meel Co., e....
I tab Copper
Virginia Chemical
Wnbaah, p.
W. U. Telegraph
Waatlnghouae Electric.
YVlscontiln Central, c. ..
83
15
$
27
2
16
46
20
15
46Vi
27 W
ii8Mi
118
11
o
63
"40
60
aft
Mil
0
say
41
51
ei
IOI
6
19
61 2
81
2
62
e
esv
ee
8eatUe Potato Market.
Seattle, ' Wanb., rb. 20.-Potateee, Whit
River, f 18.0Oa2O.00; Vtklma gems, 20Kf4
22.00; Burba una. 822.0624.00; early rose,
4550e.' .
In the mountains of Benguet, Where
the industry had been -suspended for
some years owing to lack of funds for
development in some instances and to, -destructive
. storm damage in others,
several mines have resumed operation
on a scale which the operator find ;
paying, and development work on a
number of other promising project
has started. The recent finds In Min
doro, reported in . a former communi
cation, have been followed by other
promising locations in that region. An
extensive project in Surigao -im now
being developed and expensive ma
chinery installed in one of the richest
fields yet discovered. - The mlnea on
the Island of Masbate are now pro
ducing regular monthly outputs prac
tically up to the capacity of their
modern plants, and the same may be
said of the Gumaos region. ;
Conference of lilghthonse Xnapeotorc..
At the first conference of light
house inspectors of the river districts,
held last year at the direction of Seo
retary of Commerce Redfleld, the ben-
eflta aura audi that a second comer-
ence was held at the department of
commerce on February and S, and It
is probable that such meetings will
be held annually hereafter. ,
The following inspectors were pres
ent: Colonel C. Met). Townsend. light
house inspector fifteenth district, St.
Louis, Mo.; Lieutenant Colonel H. Jer
vey, lighthouse Inspector, fourteenth
district, Cincinnati, Ohio: and Major
George M. Hoffman, lighthouse inspec
tor, thirteenth district. Rock Island,
111. The conference waa devoted to a
discussion with the commissioner : of
lighthouses of various problems of ec
onomlo management "bf the river dis
tricts. ; ; '
Electrio Power tJsed. - .1
The Allen fihingle company which
will begin operations in North Port
land adjoining the plant of the Union
Meat company tomorrow, is the only,
mill In Oregon operated by electricity.
Its appliances for the preservation of
the health of the employes and for
safety are of the latest and most -approved
kind. Carl ' Caufleld, deputy
labor commissioner, says it is the first
mill put up In Oregon that has been
fully ud to legal requirements at hie
first visit. The newest exhaust fan
system is in operation to remove dust
from the six power shingle machines.
The refuse from the mill will be used
by the Union Meat company for fuel.
Percy Allen is president of the com
pany, and George Akers manager. . .-
BEARS SCORE AGAIN
IN WHEAT MARKET;
MAY IS VERY WEAK
Chicago Pit Extremely Depressed
itt Opening but Only . UmiteJ
Recovery Made Later In Session;
Some Export Hales Reported.
Ch lea o, Feb. 20.--Nothin ocourreA
In the wheat trade today to relieve tha
impression that the bullish situation
is at an end for the present at leaft
and that aellinK preneure is likely la
be felt on all hard spots until the for
eign conditions change materially.
There was nervous feeling; among,
holder at the outset today and stop
orders rattled the May price down
quickly to $1.59, more than 2o under
the close on the late break Friday.
July waa under pressure at the same
time covering a range of from 181 to
129. There waa only one good rally
during the session to 1.61, and,
1.31 for the months named, and this
waa on a buying flurry caused by su
ms: up the name of a brokerage firm
on some heavy early purchases, the
trade jumping at the conclusion that
the buying waa for leading La Salle
Street interests. Report did not laxt
long and after dropping back to-1.80,
May closed at 1.80. July reacted to
1.30, but showed a fairly to good
rally at the close at 131 because ;
local shorts were covering for the
Monday holiday,
Duluth was again making sales of
fprlng wheat for rail shipment to New
York. Kansas City claimed soma ex
port business late yesterday and this
morning. The seaboard claimed 800.-
ooo busneis or more wneat soia to
foreigners today. Kxoort clearances
of wheat and flour were large at
1.225,000, but this sort of news fails
to overcome the uneasy feeling among;
holders and situation Is bearish.
Range of Chicago Drlces furnish'
by Overbeck tk Cooke Co., 218-21T
Board of Trade building:
WHKAT.
Mtata Ope- Mich. Tw. Clns.
Mar tl.eO tl.l 11.59 il.eov, aj
July 1.80 l.M 1.2 1.81 B
CORN.
May T .7fl .TJI 7 B
July .77 .7S .77 .76
OATS.
May 5 . .BTH -M'
July .63 .55 JZ .54 A
PORK.
May ......... 818.&0 1H.10 t1ft.22B
July ......... 1S.80 18.06 18.68 18.S7
MRU.
May S10.no H0.r.2 10 45 110.45 B
July 10.75 10.79 10.60 10.67 A
BIBS. - '
May flO.OO S10.1O IlfMW $10.07 A
Julr 10 37 10.87 10.8O 10.32 H
Overbeck
&CookeCo.
Stocks, Bonds t
Cotton, Grain. Etc.
DIRECT PRIVATE -,
WIRES TO ALL
EXCHANGES
Members Chicago-Board of Trade-
Correspondents of Logan Sk By ran
Chicago. New York.
81S-B17 Beard of Tade Building.
TItAABPOltTATlOM
Coos Bay
STEAMSHIP BREAKWATER
Bails from AinertB ., Portland, f, m.,
vary Toeaday, Fraig-ht and tickat fri4
lewar Ainawortk sock, P, 43. B. ft. . tlaa,
Ia H, Kaatuif. Agent. Phone Mais 3600. A
8388. City ticket office to aistb atreet. Ot
W. Stinger. Act. Phones Karakall tMX, A-8U
"a