- -i.
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THE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING. JANUARY 16. 1916,.
BIGGEST
CEREAL LIST HAS A
GENERAL ADVANCE IN
THE WEEK'S TRADING
Blueatem, Fourfold arwl Club Are
Principal Attractions in Wheat;
Oata Market Has Speculative
Rise; IJarley Is l"p.
Wheat bids on the I'ortland Mer
chants Exchange for January deliv
ery showed bullish tone darins th
week's trading. . l;.ds were advanced
2 to 4,j-' a bushel over the closms of
last week ami (litre was a very strung
tone at the (.losing.
At the dosing of t) e w. k bids for
wheat here touch d the h.ghest point
of tht season to dit'.e wuii buyers of
fering $i.o7 for hi ..est m, while
li.ji were unavailable below $1.'..
:!uestm, club and fortyfoid idcwol
the principal, price gams with some
slowness indicated in the red va.rteti-.-s.
There was an erratic tone in t .
worlds wheat trade for the week w.th
th- searciiy of Ireight as the big fea
.ture. iot wheat was we ik an '
strong by turns in Liverpool, but It
was noted that whenever cargoes of
Pacific oast wiie.it were offer, d
London th bids and salts were it
1 ighest prices of the season. Morne
very handsome profits have lpn ma ic
bv speculative interests during tr:;
w eek.
'oar.i Krai n a were, strong- r arl
generally higher for the weeks trt '
l-ot only at I'ortland. hut p. t all Pa n'.c
northwest po.nts. oats bl.is w ere mon
'of a specula 1 1 v a j.a! ur- ' han for re
quirements ami i:.,s I'T'Vil val"..-s
higher titan the ou'.-t J i-tifi'd at t o
moment. On the C'rilaihi M -r nan t -i
Kxchang hWn :'r Jan lary cats w. re
advanced Jl.-a per ton d .ring t.'.e s.x
(lavs.
January larl'v l.ils were a'.sri firm
er b'it there w.u j rav p-.il! y l.o f; -rulative
:.. 'ivitv !.i t : f. line T':--
week's t.-c ie- clc.d with bids at ..
advance of '"t a ton. oals beiiii
quoted but C'c t.e-ow tariev.
Hay market pr.ft ire showing "
very heavy itdvan c. uwini! to t!:o
t'ari'!!y of olf r:..-;s as Well as tne
higutr prh es nekej by 'uilrv 1. eld
ers. The strength In alfalfa and in
t.rior crown fimo'hy wax especial y
1 otp-cabb . although all nay s preci
pitated in the advances,
Mlilstuffs were r.:--. firmer ar.-l
higher dur:r.g th w. el: with an excel
lent demand.
Flour market t.. Vi-.i I'v ar.i)
trong when i' was ;;. nt Cat ti..
advances in wheat w.ji.- Justified by
eupply an.! d. naii'l. An a iv ar. e of
10c a barrel to 15 iii waa lJi' ed for lo
cal patent.
FT'! it e!!lns prloe: I'Vf'. W'l
Umette 'W. $".'. ! -n! -tr-i.-jt 4 --f
6 Ei": t.k-r' 1 - !. I-' " i' 4". M--: tjr
I rr. fc--.t " :: !; ' 4 T-.-.j
wti e $. . k'aI win. SO rve f. -j.".
ti .V i.er birrel.
HAY It iTire rr'ee: Wl'nette ts'.1t !
ethy. tn. 1 M".: et.r'i iir-i;- "'
tmorj tla:otl:T. flrnlv !!(. ". ' U ' "
wt.-tj anj eat'. $14 '! .-. in "
GRAIN SA KS--1016. n"n:.!:l: ' 1 ''
eurrn. lie in rr !: le n-is.u"' 'sfc-r
MILITt -e!l ns t '!- enr;. a !::
Ern. -"- ."- -i r!. J-'' -'
P.OlXLD ISAltLtY- St'.i. -.i ;ir..T. $29
81
Men-hnu Eii-hnc J1. -i rj pri'-'i :
WUU r
rrlJT TLiii.. td. Ti.i. M. r..
UK
10T 106H 110 104
F.rtjfbld
l.M 103H I'VJ lo2
103 t4j
ll',
l.rjt,
'0
C.l:h
xc- in po 9w n
1;. l 'f.fe
U8 M 07 fJ I".
1' 1 Ku'p n
-j C. :.T 9ti M
2'25 V0 1" 2 - o 2fX
Fl 1 l B A it LEY.
JeJTS 2'C, 2 2i23
niuiTi yi s.
2-121
F.rnn
21 Z
21W
2123 2123
22.3 22
2123
22"0
Slurts
12 22T-0 2l"
Future were iei.t--d
11 11 AT.
Bl.l. Ask.
l'Ti, 111
I'M'-, ;..7
1..2-, IC'.
t.s:, loi!
tlr ,
February bluestern
Ketiruary fortyfold
February club
Kebniary Fife
lebruary UualaQ
FEED OATS.
February 2f.:,o 2700
JXED BAULKY.
rebraary 270 2S50
MlUeSTtFFS.
February bmn 2' S 2230
February aaorts .- -i5l 21.VJ
Dollar Wool Talk
- Is Heard Again in
The Boston-Mart
Ixmdon Sales During Coming Week
Are Expected to Show a Still
Further Advance in Price.
Boston. Mass.. Jan. 15. Consider
able activity in wool early in the week
lias been lo'.lowid bv a more quln
tone. Ko re ik n business continues
strong and ail business Is on a ron
st.ir.tly advancing basis s.nce New
.'aland last week cut 07r shipments
of crossbred to tiiis country and sim
ilar action is exp.n ted in both Africa
and Australia. For.-gn wools sent be
fore the embargo are arriving daily
In large tiuantUies. Arrivals from
iSouth American points are especially
heavy: In f ut, a dozen steamers hav-?
discharged cargoes of wool here since
the first of I 'ee'etc. tier.
The lx.nd.Ti sa.es will open next
Tuesdnv with, offerings of HT.u'iJ
bah-, of which lv.ti.i are crossbred..
Prices are expe. ted to advance 3 to
10 per cent. The effect of w.i.
has been that manufacturers are pav
ing about tiie same for scour-d c -t
ss before tiie Wilson administration
lowered the tariff and predictions
dollar wool are being made.
Domestic wools have moved in lar?
volume. r iee. es arc being held for
advances. I're.li.-tion.s of 4'"1 cr.M f..r
niedium Ohi s are being made. Soourd
territories are moving freelv at -'-i to
Ss cents for fine and fine medium sr.d
74 to 75 certs for f re staple Re
ceipts durinc t';- we.-k wed '..;23IJ
rKuncIs. of which " . N . -1 4 C were do
n'tst ic.
Various Wheat Markets.
ljTervl. Cash wheat f.r t,r and qnlet,
H''d kxaer.
li.i'uth May $126S: Jnlr :
Wlnnlper Mar $1.24UA.; J cv 1 24H
MinDearolU May tl.26: Julr t 2o"i.
TRANSPORTATION
Th Twta "Palaces of taa PscUlc,"
B. S. -HOKTHXBlf PACinCT"
S. S. "GREAT N0B.THEKN-
PORTLAND SAN FRANCISCO
BAN raAW CISCO. Z.08 ABQELIti,
HOHOLCXTJ.
"Northern Pacific" sails for San Fran
cisco IVIillT TTTXSDAT. S. S. sails
from sian Francisco EVERT &ATUX
"OAT for Portland.
Ortat Borthern from Saa Francisco for
Honolulu. Jan. 35, refc. 14. Mar. . 34
TICXET OFFICE. 6TH aaa Stark.
Station, iota and Koyt.
Phones Broadway J0. A-6CT1,
WHEAT CROP IN SIGHTIN NORTHWEST h5KS
TEXAS GREEN BUGS
GIVE CHICAGO GAIN
AFTER EARLY LOSSES
Wheat Market Opens Weak anrt
Ixwer but Closes Unchanged to
a Fraction Higher; Outlook for
the I'uture Is Good.
f'hieauo, Jon. 15. iow?r cables
mve our market a weak start. News
w;.s Bcaro-. but the bulk of it waa
biilllsh. Tiie for ajst i" for colder
walher in the Winter whesit fw tion,
with Mme xnow. Winnipeg lei ail
other markets in trent'th on buying
by e'Oiters. Minneapolis and !"ilut:i
iejort-d an excellent demand. Milters
at Minneapolis absorbed ev ery tnniR on
the ear.y decline. Th.- Modern .Miller
pii.lisne'l an aiticle from tin presi
dent of the loading naUir- . ompany
at L'enton, T-as, to the effect that
green tis t ; in count! num
ik;is in TtAas, and will become a s.rl-o-t
ji . and says unless much
warm v. --.cher is expe-ienced for the
ne-Xt :;0 .i.la th- wheat crop in Texas
is loomed.
Karlv id'f'-ings of wheat were read-l!-
absoi ii.dj as they were yesterday.
The niysie.ry ls--ny whom? AIout
the only hoitriali fa.-tor at the moment
Is th.. etniarK() and boat situation.
Further rains in Argentina ,e
! ".e: our -eorn t.iarket early. The
i.iv w re iinht and country offer
ings bina.ll. l-vj-.rt business is
'he ked by t!..- s. arcity of l.ontv
Tradeis are ln.im-d t . the tar s. ifl
temporal i!y. and a molerate setback
I. .ay be in order.
Atiout T'jy.i.'O'i btiFheis (f oats were
r-j-orte I bt'.l fr- export late yesier
.i.. . The domestic d Hint. I is c'" d.
''.t.siders ripi'.-ar to be very bili.sh.
ai.d the feature was the Large n :rni t
or onlers in to buy the May opt. on
around 5nc,
Ftanie ef f'hrsc pr: furn!kh-l by o-r
e. Ic ... to. -Id -17 Ueard of Trade
t ..;Ming.
v i ' r a t
re.en. 11 th. Ia'W. n e.
May l-T'aA
Jul 1J"1, 121 s, ll'Jii 121 U
Co UN
May Tvt, T'.i, 7, ',B
Ji.'y 7'' .m'4 "' "f
, oa rs
M.y fe'4 i'"i '"
Jul ...
Jn lt l- lf.' 1127 li
May 1U .J ls7 1 in ; 1;7
I.AIU)
Jati P-2 I'M
. l- l 72 I' m:,
J :! ... 1.7 liHJ B
Kii:S
: . : . . . . : ' 3
iiiy . p.;; i"77 1 l
Good Cows Mean a
Great Deal Toward
Success of Dairies
George IL Mokel. Cow Kvpert, Tells
of Some Plain hacts in the
Oregon Situation.
Hy George P. Motel
of (1. II. Mokel Cow "Co.
Farmers are anxiously looking
round to find whv f.ev do not make
i mule money I rom tneir iaruis.
I How can tl.cy expect to make money
from th.e klivd of coas tney have been
I K-;,ine; her9 in Oregon tiie last IS
I months, the dmrv men and tanners
I hav,. e-n trading tows in 'rcgon
among themselves the last 18 months.
The uip .t.letl for .ju.irjnlhie against
o'.i.er s'. c.es has plu.ved havoc eiaon;
the d.f.rvii.en Slid farmers . of Oregon
Well. 1 Jim going out of the dairy
I b isin- ss It do-.-ii t jay to work i.ard
u 1 SL.riiuier to ruis-- fet-u tnat i.s worth
more in the laari.et than it will bring
If led to cows.' say farmers. And
they are right in saying this if ;
consider the k.nd of cows that they
persist in fetsdiro,;. milking, I nd caring
for.
It Is really the wonder of the nge
that to munv farmers cannot see tins
il i. stion in its right light; that they
ci.aige the dltticulty to me cows raher
than to the kind of cows. I o you
kn.nv whv they do this? Well, it's
b --cause they know and ft-el that they
th.-mselves are responsible for t'ne
k 1 of cows they keep, and they can't
l'-.ir to face-Jhe trutii. So they sciuirm
o it of It. blaming tne dairy business
in general, ratner than their own re
missness i iv particular. The dairy
business Is ail right, but human nature
Isn't all right.
An exchange well says that It is
"only the exceptional cow that it pays
to keep and feed.' That cow. It de
clares, must earn at least $100 a year
to give the owner anything like a fair
return for his labor and capital. Now.
that exceptional cow the farmer can
produce if he will. If he has cow
sense enough to breed rlghtlv. and
feed rlghtlv. and mana-e rightly, the
cow will pet there, or eLse she will
get off the farm and cease to be a
loser. A l It needs is to have brain
enough to see the truth and then
sense enough to work it out There is
lin other road. c;.,J cows come by no
other route. They never have and
'hue no-.-cr Ti-IM fc.r. nnr hte
hprorn their sins, but there Is no salva
tion for the man who prefers to asso
ciate with poor cow s.
daiuy pnonrcK ON COAST
Seattle Market.
Seattle. Jan. l.V il'. F' i Butler- Nntl
W asliii gton crtaiuerT, brick. IHr, J...
pM-k. .'..'.'.
Cheese Oregon triplet. lljC; WUcoiwln
tv. una, 21c; do. triplets. 21 : Wasulngtoa
tw tin, ISc: Young America. 21c.
Fgga April atoruge. MK-. hele. t ranch. S8c.
San Franc it co Market.
San Franc!). Jn. If. it. P. ) Ecg
Eit.-us. itlt-j.-l pullets.
Putter 1-itras, 2Jc; prime fire t a, 27 r:
j flr;. 20c.
. t iieese- t'tliforiilt. l'lc; firsts, 15Hc
I Lo Ance'.es Harket.
Is Ar.felex.-Jan. 13. (P. . S. ) Egt
C-ae ennui, 3Jtt-2C.
I liuttvr t rea eitra 28c.
POTATOES ALONG THE COAST
Seattle Market.
Seattle. Jin. 13. (C. P.) Onions Orrefoo.
2c v.:n.I.
I'..tan- White Rlrer. $23S27; Ttkliat
Buti)itka. J.;r'j:t2: Yiklma lieius, JSOai
Sui .Fruciaoe Market.
San Francisco. Jia. 15. (U. P.) Potatoea
llta. tlul.-V) per cental ; Idaho Rural,
1.23-4i l.'su Co. Uuatwu. 13il.OO; Sa
linas. $1 ..'O'j i R3; Ore a; oca, Jl-Sofll 70-
een. 1.7 -..le) fox eellaj
Ouloii 1.231.5 pet caatal for Cali
fornia; Oregon. $1.75u2-
NEW YORK DANK STATEMENT
New York. Jan. 16. (I. NT. S.) Tha
weekly statement of New York city
clearing-house banks shows th fol
lowing cnanges:
Average Loans, increase), $16,6S7 -K'0;
demand deposits, lncreaea, $J4
723,000; time deposits. Increases J3
ltO.eOO; rtserve, increase, J19.SS7.566.
Actual ioans, increase Jl.65,'o00;
net demand deposits. Increases J28.
673.000; time deposits, decreases t2 -121,000;
reserve, lncease, $18.69. 000.
V M
New York Sugar and Coffee.
Kew Turk, Jan. 15 Sugar Ontrtfugal,
$4 al.
Coffee Spot New Tork. No. 7 Rioa. c
No. 4 Santo, OSe.
NORTHWEST WHEAT CROP
BREAK ALL RECORDS IN 1916 WITH THE
PRESENT CONDITION OF PLANTING PERFECT
Counting Normal Weather Conditions During Remainder of the Sea
Bon and With Favorable Spring Planting, the Three States Will
Produce Close to 00,000,000 Bushel Outlook for Winter Plant
ing Unusually Favorable in 'All Sections.
Ily Hyman H. Cohen.
Counting a planlir.g of spring wheat that will raeke up for the deficiency
in the winter a.rn.;e and basing tie outiook upon normal cot.d i t h . n s here
after. Oreinn. Idaho and Washington will in 1916 prod litre close to So.OUu.u'JO
busiiels of wheat abm. : far the irreat'St crop of re'ii.i.
vAll pieioua reimds will likelv be pmasliwt in wheat proiurtlon in the
three states unless s-omething unforseen occurs previous to harvest. The
estimate of a Su.'-uO f.art busl-t-l crop is based upon the rreeent planting, condi
tion and the usual troubles that the cn.ps t.ncounter before the harvest
is ended.
A mrest eareful Investigation of the winter wheat crop planting has been
made by The Journal through over 2"(i Foe.-ial crop and regular orrespond
ents. The aggregate findings of the plantim; for t!;e three stales show:
reon . . . .
Washington
Idaho
Total winter area 2,4ii0,0uu 2,SH,ij.J0
Tiie rlecreape noted in the winter whent area of the three states is less
startlirg t han the a. tual figures show. Last season there was an abnormal
acr.-ace planting durirg tin- t all-w i n ; er months, much above that of previous
seasons. Tnls i-eason's acrenace Is sumew Hat greater than the normal.
Ti e pree.-nt condition of the winter w neat crop in all t'ue,. I'a. if. c
northwest states is us . lose to perfe' I as ever shown litre and
o .en some t. epthu ii ci op prospects I:, the three nates before
only is the a'Tene for the coming harvest somewhat greater than
even though 1csj itiau lxst season, but the general condition of ti
is exceptionally pood.
Most of n damage done to the wheat crop of the three states lsst eeas on
was In the winter planting. !.; to the la-k of sufficient moisture .luring tt e
w.iiter and spring months. This winter the entire crop 1ms been tteate-d to a
ery liberal supply of mol'-ture with ti e greatest amount of snow iail m the
liiji.t land fc t.ons known lor many s.soi:s.
In ori'ton la-st se.-.s.ui most of the carnage was clone In the light land
sections Ht:.l this wbs tin.- to h.iiip extent of Waah.ngt'.n. aithougli Idaho F'.if
I'ere.l very iitil-. This a.-. ounts lor Oregon's tor snowing as compared with
tiie other two stales last year. Now conditions aru abnormally good In all
sec t iori-s.
T.'.e high price of wheat during the Fen son Is most likely to aid the area
cf spr.ng liatitlng f.r l un.ess weather conditions are utterly out of line het--after
during tie season, li.e outlook for U.e l'Jli harvest could scarcely be
more promising. .
BULLETIN OF OREGON MINERALS OUT
I'niversltv of Oregon. ICir'ne. Jan.
1"--A bulletin that !s intended to
name and describe pra t h al ly all the
min-rals of ' irrgon. with as many as
possible of the oicurrerues of t.ich. is
now in the hands of the state printer
and w:.; shortly ue issued by the state
iniiu rs'.ty The author is .Irah.irn J.
Ml' ('.;:, assistant professor of rfo
U'zv in the unlver;ltv. and the assem
!.;:. g of tie ti.atei lal has re., : re.i a
veur on addition to several prolonged
t r.; s.
T..e b i'lftin will describe RI m'nr
als. of w ',..-!i Mr. Mlr -'-e 1 says about
22 'nave u t resent .-omm.-rcial value. A
'.WALLA WALLA WHEAT 100 PER CENT
Walla Walla. Wash.. Jan. 15.
Wheat pros;. e ts In the V.'a'. a Walla
valley never were better than a? pres
ent. I"or dt-; .:. tne unusually cold
weather cf toe past two weeks, the
siiowf ill has he. n abnormally heavy,
and tne prole. ::oii to fall sown giain
has been ample 'tls true that there
was much !ro--t in the ground when
the first snow fell, but with a cover
ing ranging front eight inches In the
lower valley to a foot and a ha'f In
the foothill regions. iheTrost is being
drawn from t . soil; and farmers say
thai if the slew lasts three days more
there w;:i l.o-. le enough f 1 ost to
prevent a bit f the moisture from
soaklmr .r.to : .... ground, unless the
the w i s too ra ; :d
h.iou.d snow last two or three
40 Per Cent Wheat
Crop Is Still Unsold
Walla Walla. Wash, Jan. 13 Wheat
sales during the present week have
been sluggish, nolnw itiistanding tr.e
adv&nce in prices. flub, which sold
last week at n:;it S3 cents and M
cents, went alxjve the iu-ccnt mark
about mld-vvet-K and is continuing tu
climb. However, all the gram has been
sold that necessity demands, and the
farmers who have wheat left are able
to hold tor the prices they beiieve
they will get before spring.
About 4" per cent of last year's 6.
000, u00 bushel CI'", remains unsold in
Walla Walla county. iJerhaps i or 10
per cent more remains in the ware
houses, but it has been sold and Is
awaiting shipment- There begins to be
i not ed u scarcity of cars, but the ra.l
I riin.U nniniisn tc remedy t h i a condi
tion, which Is due. It is said to the
tie up of so m-uca roiling stock in the
east.
AMERICAN LIVESTOCK FRICES
Chloac Hon 7.25.
f hlafo. Jan. 16. 1 1. N. S. ) H..t-Re.
rei; ;., .loo. tiryr . px- t. 1 .V- un.ier jeler
.iii s li. n;. Hulk li SO'u7 13; lisht. 0. '.";
7 Hi; aiiieil. 0 73 'ij7 23; bey. iti !x'u7.23;
rough. )j.M'(jtt.to; pls. J3.3"'a0 .fti.
Cattle Keceipl 3oo. alow. Native beef ateers
$tj '"O'uK so; wet-rii ateers. $u. Ce -C ; cofll
and heifer. ;'-a s N; rslves, JT.jiul J 73.
Slirep ile.-ei.Ia l.OO. iteadj. Uetherl, $7.10
a'i S3, lalal-a, i.i'i'ii 10 S3.
St. Lou a He $7.25.
St. Lcvul. Jan. 13. 11. N. S ) ITofS Re
ceiiitn lo.rjoo. Litter. lugs and HkLis. $9. CO
U 7 1 ." ; ililiod and butchers, $7.UO'ii 7 .23; d
LtesT . . $7.2)'a7 23.
tattle lc-eii-is L200, steady. Native beef
steers. $7.I.ou4'.' o; yearling stera and heif
ei J.S..Hi..i.i . ixiwr. 4sj..MJ''d7.00; stcw-kert
lil.. I feeder. ...e.'vi7 ."i ; uiitbern .teers. $.'i.23
;n 3.', . ot an. I heiferj, H.uj u').; untlte
tail.!, $ Otilj; lo .XI.
J,cei- -Uet.-iL.ia . Ptea-lr. Yearlina; weth
ers, t-ori'iij lauitxt. t'..:ii lo t-.. ewe.
4ti.2-".a'.23.
Omaia Hofi $7.10.
Ouiaha. Jan. 13.--il. N . S.i Hi-Rere!pl.
IS ki). Ler. Ib-sTj $G uo17.pi. light. $(i.73
ui. pi.s. $3.3o'Lti..o, Lu.k sales ti.ba
U. 7-tei.
Cattle. Receipts rjOO, stradj. Natire ateers.
$-4.3oa'JA); cows aud heifers, $5 23 'a 7 0":
wetera steers. $G'-i7.23; Teias ateerii, $3.7u
fe7.7o; stutks aial feeders. $3.20(n7.eO.
herle-Uecrlpt loo. ste djr. earllLgS $7.3
tts . liiei. $41.1X7 uo; lambs, $'J 7i-a
lw.73.
Denrer Hoc $4.80.
Deneer. Jan. 13. CUle let., firm. Reef
steers. $ej "a 7 -" ; c and heifers, $3..'u
0 23; stix-aers and feeders, $o. 00(1.7.00; calve,
e-s '"ya lo.o.
lbtja Too, steady. Top $G-S; bulk $C10a
6.7t.
Sheep None.
Seattle Hotl $7.13.
Seattle. Jo. 13 1 1'. .N. s ) Hora 750;
strong. I'rliae lights. $7.13. mediuui to choice
$J.UO(u7.1o. ni.-tn he.vles. Id aomti 63; tough
teavte. d tawtJ 13, l'ig. Jti-vati.OR.
Cattle al, aiea.ir. Ite.t steers, ;.ji'(J7 hO;
lediuia to choice. $o.731,7.2j, cuniiuon tu
mediuat, $3-V'ittt-30; best cows. Jj.Sotjti 23;
ccBiUion t.) mediuui cow.. $-v uu 4J 4 3o . UllLs,
$J 30W3.3O; clve, $3.AU-OV.
Sheep Noe. liteadj. Lambs $7.23iitS.0O;
jearljiiga, $ti.io4.7.3o; ewea, $a.304jti. uu.
Todav a ahliipers Hvgs. J. C. Uoswell.
Grandvlew, 117; American Soeiaty of t juitj.
Lventuo. Mont.. W; 1. U. Preston, Midtaie,
ldalio. 244; Grover Broa.. New PlymotiU). Ida
ho. 2oO, M. T. blaatugaiu. Arm lead. Uout.,
ICQ
tattle P. J. Brown. North Powder. Or., 27;
1. L. Brown, Seattle. 4.
Liverpool Cash Wheat.
Liverpool. Jan. 15. (I. N. S.) Wheat Spot
No. 1 Manitoba. 13a 6.1; No. 2. 13a 3d; No. 3,
13a Sd; No. 2 hard winter, new. 12a Vd.
PROMISES TO
-fceaaon-
ir-i '.-i ;
. . S 7.f"0
. . 1.22". nun
. . 4u0,000
1114-13
'. 1 4.C0
1.4.1.1,11"')
r.lMj.000
' ii re 1 .it e
tl.ii. Not
the irormai
e planting
i ninetieth mireral ns J.ist been Identl
I fie, at the '.in.vr:.- tv, too late to r t
a pu'e in the l.il.itln. It Is vlviati.te,
i an I tiie :-pe itiieli was sent ironi Mu.t-
non'ali count
1 or v .-a: s inu'.ir-es fr.m mining
I men, prosj e. tors, and landow ners with
'd.-'c-its on tl'ir prtii-.-rtv that thev
' couid trot id-it.:"v iiave been coming
! steadily to the tinivers.ty depart ment
of eoi-ifc;-.-. al.d tl.e-se iette.-.- ITOVi.i- l
the Me. i of a bullet. n that should . o.er
min-ial resources of the state in
fu.l
j "'oples may be bad free upon appli
I cation lo Hi' university.
dan more, and a cool Thinook wind
then remove ir. there will be plenty of
moisture tr idiry the grain through
th.- s. as..n. If there s anv thing I ke
a normal rainfall In the sprint; and
early summer. Tnere is more moisture
In the ground now by far than at this
same tune last year. In addition to
the rains of last fall, whi'h were
heavy, two feet of snow has fallen
this winter. I.ast vear the fall rains
were .igiit and there waa but tv o
in. Iips of .now al winter.
ilrain growers lrico the condition
r'.tht row at luO per cent and tay
ti:. re Is 'Ittle possii ..ity of any unto
ward con. i. tion for the remainder of
the winter season. Some damage was
done in the early winter by a bll.ng
north wind but the nmw has more
than compensated for this
Prosperity Written
In Golden Letters
Prosperity 1s written In letters of
gold across this country's financial
record In 1915. I'ncle bam has almost
half a billion dollars more of foreign
goid than he had a year ago. Ameri
can merchants have sold more goods
abioati than ever before. The greatest
external loan in history, the Anglo
French loan, was fioated in 1916. The
market value of American securities
appreciated something like two billion
dollars in the 12 months. National
banks have bigger deposits and larger
leseives than at any time since this
count ry wiu founded. A wave of
speculation swept the country and per-
l milled tiie New York Slock hlxchange
i lo close 1913 with a boom as expio
; sively bright as the year's beginning
1 was dull. L'nsmlrched by the failure
or a single member, the ll15 record
of tiie New York Stock Exchange Is
crowded with slories of newly made
millionaires and sprinkled with fifty-niillion-share
trading days.
ROSTON COPPER QUOTATIONS
Roston, Jan.
Adventure . .
A h rnee k ....
Allouez
Arcadian . . .
Alaska
I '.a. tic
Belmont ....
Bohemia
Boston Kly . .
Butte Hal . .
Butte fruper.
al. & Ariz..
Tal. Hecla.5
( 'entt-nnial . .
Chief t ons. .
C.ns. c. 31..
Co). Range .
1 'aly West . .
I lav is-I i.alv . .
y ast Butte . .
First Nat 1.. .
I'rankliu . . .
lol.lMid Cn.
; reene-Can. .
Gran by
Hancock.
I ml . ana ....
New lnspir. .
Isle Hoyale.
Keeweenaw .
La sialle . . .
I-ake Copper.
Majestic . . .
M uson Valley
Mass. (las
Mayflower . .
Mexico Cons.
Miami
13. Copper bids:
2 I M it higan . .
?u U Moiiiiwk . . .
b") 2 Nev. Cons. .
aaiNiplssing . . .
23 "..No Butte . .
3 No I.ake ..
ft Ohio t'opper.
2 u 11 .li. 1 'nlon v
1
91
13
3
63
: 'tbd itomi
nlon
. I sceo!a
"j (julinrv
?-f (Bay Cora . . .
.Santa l'e . . . .
1 1 1 Shannon . . . .
. Shattuck . . . .
? Stewart
6, Superior . . . .
. Sup. & Bos .l
;Swift Bkg. . .
- i' Tamarack ...
'VTrinitv
' u . Tuolumne . . .
":M'nlted Fruit.
?s U. S. Machy..
I do pfd . . . .
1r. il'nited .Inc.
I'lali Cons.. .
?,;.i;Victorla
, ' ; Winona
? Wolverine ...
,'' , jWvai.dot
Yukon Gold. .
,, ('rown
(.3
88
24
9
32
63
2 6
33
10
20
14-',
- s
5S
1,7 Verde F.xtn. .
1 - . I - T ...
6 1
4 42
40
ivei 1 1. Hue .
-4
'i.McKlnlev
43
38
'Ituker liace.
BANK STATEMENT OP COAST
Portland Banks.
Ihis week.
$l.:.74,f3H .'M
2."72.1!v 13
2.222.1 12. 5J
1,733 tSll. HO
1.470.513 24J
1.53o.CXC 02
Clearings
Monday ...
TVe-.lay
w ednesdty
Thursday ..
Friday
Saturday ..
Weak . . .
Year atret.
2.04S. 4TS H:l
l.U2j.71) Ha
1.CM.KH2 74
1 a'ta.ivi.33
i.7ii.:k.2 m
1.7t4.302.5?
.$10B:o.340.12 $11,023,742.4(1
Eaa Franciaoo Banks,
aeartntra today $ 4.843,400.00
Los Angeles Banks.
Clearing today t t,T74,T.0O
Boattla Banks.
C7erlnc tvly $ 1.7B9.653.0O
Esltnees today 221,31 l..jo
Tacoma Banks,
net rings today f 227.191.0
Balances today 69.509. Ou
When writing sr catling oa advertise! a.
pleas mention Tne Jonrnal. (Adv.)
E
RREGULAR IN THE
N. Y. STOCK MARE
Week Closes Ilates Active With
Trade Similar to That When De
clines in Warriors First Started;
Changes Are Small.
(Copyright, 1916. by the New York
Evening Post. )
New York. Jan. 15 l U. P.) The
weak closed with the sto.-k nuukat In
m i' h the same condition as during the
past few days since the heavy d.M line
in war slocks culmlr.a'.eU. Tr.td.iig
was active, but price mo tni- iits
were Irregular, with most of them
rot varying greatly from yesterdays
close. In some mdt. st rial IhMi. re
purchases by specuia.1 i sellers w a
in evidence, but ev n they did n. t
maintain their earlv udv;m. es. It was
hardly n.te.ssary to as iibe the
: i
cerumness to any new s developments,
and the chan.e that somet Inn g mav
lap; en overnight or over Sunday was
to', familiar a proposition to be a con
trolling Influence.
If war stocks were the real cri
terion of the market, the unpleasant
infcience rtganling dwindling; prtpei
ity woi'd be correct. Hut t)i-v have
never performed that special prophet
ic olf ice.
fiance of New Y.t k price
r.ferr. i-k St t's.e t"o., 21tJ '
'I r-. re ; ut Mine
f arr.Uhed
17 b-.rj
I ' s.
Al.tkli trt'l.l
Alllfc tt.alliier, c
A ( In ni n. vt -
n erieuii ileet Sukj.
irj ; 2 '4 2S
7H
Gss. 07 ur.
Crl '4 C2 -4 Isi L4
A n-rn.-i:
Ad enraa
An er.. hd
A merlriu
Ab erlcan
Ameri an
AC ericnii
A n ertt an
A tr.er .c ii,
A 11 erica n
Am Kl.
tla.-ei.ilt
tau. c
Oiu. i.f . . . .
-cu,
1 '. 2 : j
7 1
3d
cm. i.r.
tar KJt.
112S, 112'-, 11-1
:i 5
TOL,
33 ---
ri
( vt (1:1. c.
IJnaee I. r
l.ilieevd. 1-f.
I.--... C.
Stii' )lr, c.
Saielt.-r. pf.
S.ifjr. c...
: Tel
Mii.lr.it fo. .
3d
v. s
2-S
4 I
.'..'.
1 ...
112
1141,
12' '
MIS
f.7
10:
VJl'.
1U.V4
114',
1 13
12S'V
St !
A t .-:.:. hi. .- ....
An Lliwit., pf
l.L-1-ivtln Lieo.. c
liH.!ic..-re A Chi
Pen l,..!il M.-1,
Pei h .-iieia SI" 1.
Pic, klvn R T. .
c.uf. pel rt)ie:im.
I a If IVC lt-u'u.
( 1 : .loH.tn 1 a if ic
1 ef f r 1 I ei'-rr,
1 ei.l 1 . 1 I en : lie.-.
I en. ,ee rff A: ' ' L.
( hi. A ... .
PI
MOVEMENT IS
I00V. lo7 PJ" P!T.
; : 4
1 1 2 s. 1 1 4 , 1 1 1 1 1 2
'. j " l3 J 1 '-4 14 T
4.s3 47VJ 44C 4"!
MO
ST t. S7'.4! H7'.. Kft-,
"4 '- lt , SS
us tins ''''v '''
3 ". 11 17'.i' 17H 17'.c-
33'. -'si -4 3o ..'14
;.w
tt3 1 IB 1 IU HIS
14-,
-"--S
lol lol Pti' i.":,
; i.i.'-
34 :- .1', ..4I--4
4 .. 4.. t, 4-s -, 4'l
24 :, 211, -i,
p. I P I I'S IIS",
7y 1 70 trft, ;s
4CS ITS 4ot. -IT
4-.'.. 4J-. 4T 41.
;.; , :.7s r.7 , :t .
172 1 70 172 1 T'j
4 .
7.-, 7.U 72'-, 72
4c, 4H , 4-C, -is",.
12IT- 124 , 12) -. 124S
2.. s, 23-. 23v 2.:-,,
1 i S. 1 1 ', 1 1 1. 11-.
r.4-4 31 ... '-''-
; 2U 2d , 2 20
' ! 1"7
Pf-
if
O.i ic U W .
l i l , M. M Si
1 hi II N W
ui:. ( "I'per
( ..i ra.Sj t .
.r ii I'r -!'i . ;
C...-11 Pr-Ki l. ts
r
P
1
pf.
1 n-clble .steel,
li. i.ter A It 'I
ie.t-r R. U..
1 ' I i ilera
ire, c
l-rl-i lt if....
l.-ierill Kleclric
liri.r'il Mel-rs.
...-.1 1 h It .jIjit
ii V -tl.eru. . J-
ltu.iit
.; Vr'tiern. pf
I'CtKenht li
II uie at 1..
Hide A: U-Jthcr,
he Securities
1 :lu...U I eii'rsl .
pf.
Il..b.lri.:l AlcoL
1)1
l.'lst..
47 1-,
ll'i
1HS1V
4'JS
2u
l: V4 l-'.l'i
47', 47,
lit) llO
IKS
I 76S
31 ; 21
S'-'U,1 S2'S
SO . ' H. 1 -4
. . . . 12U
1 1 4 i, 1 1 4 T,
8s i, 3S-4
ev,
I i.v,
s
il-.j
out, urn.;
Ii..L)lral i'n
lot Harvester
Ii.ierta.ro, c
Intertior... pfd .
Kama- cltj s..itlirrn.
U knn li nn SI. -el
I.elilk'Ii Valley
L.illsvllle 4 Vsl:llle.
Men. an I'e:nleuui
M.auil Ctnut-r
M K. A T , c
M K . a T . ; fd
Ml-Kxirl Pacific
Natl.a.ll ItleciiH
NalL.tial Iyad
Nevada (iii40i da led . . -
.aw Haven
.Wit fk Air Brake...
Se.e "rs t en! ral
N V .. o.-.t. & W
Norf.-lli & W.. c
N-.r-lein Pec.f.c
l'n.tt'.c Mail
1 .-. .i.i.. it j ula lvallwaj.
p.-v,.leit oae
Plttet.iire ' "ul- c
Pittsburg Cte.l. fif.l
Press. . I Steel Car. c . .
lTe-.-.l htee) Car, pfd.
liar tons. c. hiimt
Hnibvny Steel SL.rlm,rs.
Ilei.illlic, c
Ilea. ling. 1st pfd
Re.cluia-. 'd pfd
Kepi!..1c I- 4- C
Republic I A s., pfd. .
la- k Island
StiMlfbi. lier, c
Si l.lel.uker. pfd
Si's Slieffle'.l
S lutberri Pacific
'.1
rs4
hi
ii'i
. lis
lis,
6
0 V,
70
'I '
13L,
3W'T3S
731,
1 4 .. V. 143
14li 13H,
no
16S pj' 110
w. . . :
S 12)
nts 1 11
2 1 12
I 2!)
.12?"-
12
114
I 12
f.si
1 in
3d'
A 3SL,
3-sv
1 .ou, no
,ll.c
a lti'
bo
eiv.
IPS
01 s
'24S 25 '
40 Si 41';
his 1 2S
ii'-;W
24
41) ?
4"S
I 4.1V,
I 43
52 ; 52 S
!i"j
IS 1M.
52 52S
lK'-j
37H,
1S
15b ' a
157.4, 1
111
hi71 oi'; r,n.
11 -
l"2V,;lo2 liel-.
1U2
Snetl era Kal !. ay
rs.ni i hern Railway
23 S 23 v lUSi 2..',
' I I 04
wi'-v ML, 5.1 Va .Vrft,
223 , 223 S 2271 S 223
-, I i 7
C2,j o2v. i m
s-l 83 I t-2S, (sl2,
5.J I 33 S 53-.t
bis l.'V 137'..137'
pfd.
Terra. C-iiiier
Tetis Oil
lem 1'aclfic
Third Avenue
Union Pacific, pfd....
V. S Rublx-r. c
1 11 ion Po.-iflc. c
I'nlon Pacific, pfd. .
I'. S. R.ji.lier. c
I'. S. RuliW, pfd
I'. S. Sieel to. c. . . .
I'. S. Steel Co . pfd- - -
I tMll Coller
Vlrg.nla l I. em tea 1. c. .
V. I . Telecrapii
Wemlll.Kl.'HlKe l..ccLrle
V UcDiialii Cer-.trul . . . .
Voultarih
SI
3d
k2S
K2V,
"4 ,
Ni-S. SC.-
SO
7'JS
41
'.e
07 1.
st
117
71 V
4s
1...T,
07 -s.
.'IS
121
7'.) '-.
4ss','
lei I
'7 S '
4s.,
t'l
San Francisco Cali Grain.
Ban FrancUco. Jan 15. il". 1'. 1 -Wheat,
pot Csllforula lub $1 ;7SUl-75 cental: north
ern club. $1 .77 S''t 1 so; R .stian red. $17.V11
1771-,. Turkey red. $!s."Us3; Lluesteui.
' $1 7S5it.: forty fold, ! ;ts111-M.
Hurley S.t feed $1.2... 1 1 :v ier, cental,
witli ibiib held higher; kaippLug ai.d brewing,
I $;.:n)fai.35.
I Dais Red $ 1. 23 111. 32 S r cental for feed
land ti 4"'il ."e f .r seed, vvllli re 1 leaned at
j fl.32S''tl 57S. while, $1.4Vo'l,1.43; Llack.
$l..'oki2 o.
New York Cotton Market.
'pen. Illth. !w. Cltte
Jaii'ii.ry 12.1s. 123 12TK) 1 22'J
March 123". 1 2-.it 1247 1247
May 12SJ) 1-2-0 12C. 12'i:U
JutJ l-"-)2 12TJ2 12.S1 12S1
August . . 127.1
Oct. .tar 1271 1.77 r"71 12sl
leecember 127 12W 12SI 121
Search for Gold of
Incas Is Fruitless
New Tork. Jan. 13. 1 I. N. S ) Hur
ry Barber, a postoffice lne-pector, has
returned, after a van search In I'eru
for the fabled treasures of the Incas.
The Inspector's; journey was for the
purpose of getting evidence for the
United States government rrosecutlon
of Raymond McCune. who. at the head
of a Iielawar corporation, stated in
prosfiectuHes that there were million,
of dollars of gold to be found in cer
tain localities In 1'eru.
Mr. Barber wii accompanied by
Henry W, Ixhman, a civil engineer,
and George P. Donnell, manager of the
Marlanana Placer company, and an ex
pert In- gold discovery In Peru. Mr.
Barber said his findings would be
made public on the witness stand.
Clips Hair Like a Soldier.
Berlin. Jan. 15. (IT. P.) Dr. Helf
ferich. Imperial secretary of the treas
ury, la the only one of tha kaiser's
ministers of state who wears his hair
clipped Ilk a soldier at the front.
Cohen
WEEK'S TRADE ME
EXCEPTIONALLY GOOD
Hogs Sell Higher With Ore tor De
mand and Trade Is Fprecaatlng
Higher
AVeek;
Figures for the Coming
Light Cattle G6.to $7.90.
PORTLAND LIVKSTrCC RIN.
This week . . . . ld.niio lfi.t 13 28T.9
Itst week.... "SI 8 1 0 M i 11 34HH
I'rev. week... S.787 l'.34 ' 1" 2(i4'.t
Month ago. ... 1 2.445 ! 1 5 f 2:!i2
Year ago 9.2JH K. so r SI f,oT&
1 v o V ea I s aiTO i 4 J J , .1 I M .'li
Three yrs. ao 3.243 1403 J tf 4311
I'urlng ihe week there w' a a gener
ally favorable tone In the ! orth Port
land livestock market. Ht'gs formed
the principal interest with .ops gener
ally: ruling around $n.9t' during the late
1 1 ailing- tleneiai ideas of tile trade
are lor sharp advances in swine val
ues during the coming week, and espe
cially Monday.
liastern markets, while -rather er
ratic during tne week, werey neverthe
less, showing an upward Hrend, with
higher pri. es than last week.
ilenerii hog market range:
Choice light weights $ 6.90
Uoo.l light weights 6 7B!j60
Medium weights I f..5'i 11 B 60
Itough and heavy 5.25 ii 6.25
Mutton acarkat Etroiff.
Market for mutton ard '.amtos was
strong at North I'ortland during the
wi k Wnlle there war a greater per
centage of lambs than olni offerings
in the sheep division thisAbrsnch of
the trade was really st ro!igwllli $ S 2 3
gladly offered by killers ItV the best
Mo.-k In -tj,hl. Other offeri.iga sold In
proportion. "
I-uture outlook for th njtitton and
lamb ttadc is e.-ept ionitlly -.(food, both
in re. 1 rd to values as to tile demand.
(ieni -.ii mutton and lamb range:
1 "run. e w . lght lambs .'$ S.I5
'lo.-.l ;.i 1 iiiumon lambs 7.301' 7 T3
I'-.or to fair lambs ".00 tj, ? '.V.
C! ui e cearllng nitiiert. . . a T.i'O
i;....d to common yearlings . (.75 fi i !n
old -wethers 7- (.50 ft 6.75
Chilli e iight ewes '(.257.6.30
. luuil lo common ewes 5.51145.73
Llgtt Cattle Sell HJ fa.
Light cittlp 0f extreme (jiallty, pulp
and grain fed stuff, sold , at higher
prices In the North I'orthrtid market
during the week. One seb-.-t lot of
steers went cm Monday at $i.90.
There was l.-ss ur;:eut calrfor heavy
slut' iluilr the wiek. aitHriUKh onlv
fractional chaiiaies were fchotvn iu quo
tations d r..ral cattle market rarjre-
Ch.i.. e L-i-a'-i f-d sle. rs $7.73477 90
irdinarv irrun ted steers... 7..r-'i
Cho.-e hay i-d .-leers 7 23 17 7.3"
il.M.'l st.-ers , t 6 7", ri 7 0
ordinary to common steers f. li 3.30
i'hoi-e 1 own S.T.'.f -"
Orii ' ri t r-.- to r-nnvion .-ovvs. . 2..ri0'fj '. f-n
1'. ..' p l.p'frri. , f, 2 '
1 nil'ii.iry to mini heifers.. , 4 Ofi'iii,
crs . , 4 on ',1 i, , .1
A 3 7 5'- 4 3 11
3 " '11 3 5n
juIIs. f 2 Otlii 2 7 5
' III... e b ills . . .
Co. 1. 1 to i't.r bulls
ir1 nar" to common b
lb s' I'LTht c.'liVe.s S r ft
tiood 111103 "OOfiT.Jij
JOimiNO PRICES OF PORTLAND
TT-eae price, lre these at tt1e wholesalers
e: to retsllers etcept as otherwise stated.
Dairy Produos.
H 1 TT IT R City creamery cabea. eitrss,
!2c. firsts, 3tc: seconds. 2s. ; prints and esr
t.i.s. eitia; muntry creamery, cube-. 23(,2Uc;
storage. 24ffX23e; Oregon daify, MHIHr
Hi rfl.KK.i T Porimnd delivery . o. 1 sour
cieem r:c ; No. 2. 30c.
I i..;s Selling 1 rite L- dealtrs. . dellverv
eitrs -Selected freali, 35c doxen;. storsgV, 20
y27c; cne count. Oregon ranch. '82c
1.1 Vt l ol l I HY - M.-ua. heavy riy month
Rock, 13'L(lrte; tirdlnary rhickkens 14c
sprn.ga. Ii-,'t2 lb. 14'iJlOc lb.; turkeys. 22r ;
dre..eed, faiii'jr, 2lc lb.; cull", 2ura21c";
j Ige-.iis. $1 "'! 1 25; s.piatei. $l.2() doten;
gese. live. 1 1ii 12c: I'ekln durk old. 1V;
young and best, lse; lodlau Uunoera. 16c'
per lb
J ACK R A BRITS Fancy, 75(31.25 doxen.
11 tikis K Selling price Fn-4h urr"ii fancy
foil cT.-am iim and ti-lii'.er, lsylssc;
b.i'nl Amerba, in'i2'iw. I'rlce to Joblra!
fists. 17c. Young America. lHc t o. b. ; cream
brl. k. ls'ti2(c; llnitmrger. 20c lb.
Fruits and Vegstablea.
FRE&n IKtira iirai.gea. fancy navel.
$2 OOIU3.25; haualias, 3c lb.; leaiolia. $3 04J
4.50 l i; grai eirutt. Florida. 4.5ui3 30 raee.
pii.eapples, 7 (use lb.; peare. f. 1(44 1 . 00 ,
grepea. 7c per lh.; tsngerluea tl.oll bol.
At I L.r-s-ot-11, a . oviU-ei ytgg boa, ac-
cor ling t" iiuallly.
ONIONS Ixxal. $2 00-32 23 per eenttl aa
soriatloD telling price 1 arloads. $1.75 f. o. b.
ccuiitry lolnta, gurlic, ljc lh.
PiiT Al OKS Selling price New crop loesl
$150(211.75; buying prl.-e, fl.lVul.lS per cu
tal: sweets, 12' 75'ir .'l.uo.
VEiiirrAl'-l.t.S -Ttirul ($l.d beets, f
per sack; carrots, $1 .j per sack; parsnip.
$1.0 aack; cabbage, J1.75'a2.lK) cwt.. gr.-en
I 1 L ns. 2'. per d.K-n hun.-hea; neppi-ra, oeii.
12'-ji-; hetoi leiiuce. California. $2 oil per
crale; celery, California. $5. IX); cauliflower
(ehfornl .. $1 5ou2 2." crate; French artichokes
ti lb(UI .25. strlug beans, lfw; hothoae eucuiu
b.r. 40'il5oc dozen; tomatoes. California
$1.75: egg plant. 15c per lb.; sprouts, e- per
It.: crsnierrle. local, $10.50; eastern. 111. 00
(0.12-Ov p-r barrel.
Meats. Flak and Prorlslons.
MIESU) klEA TS Selling price Conntry
killed: lancy hogs fic; poor, .7Se- fsnrv
teal. 12sil3c; 01 dinar, 1 1 Sc; or.' 8w loc
g.-ots. 2St.4c, spriug lambs, lite; njuitou!
tysc lh.
HAMS. BACON. ETC. Majna, 141.
breakfast bacon. I32ic; boiled tarns 27c
picnic. SS' . c.itags roll. loti'i Oregon ex
perts, ll'-jtal3c lh.
OiSTHIus ttliun.la. per fallon, $3; canned
eastern. 55c can, $d 3 doxen, esstern In shell
II S3 ir 100; raaor t-lams. 12Sc dou-n; ea.o
ern t.itten. per gallou. solid pack, aa.06
1 1M1 Pressed flounders. 7; bright salmon
ftc, ateelhead. luinllc, perch, laK; lobalera'
2.-. ; tilv. r smelt, tv; salojoo trout, 12Uc lb
halibut. OWllc; Columbia smelt. He. ''
I.AIU) lleree. kslt.a rendered! liazc
tun. lard. 10-t.c. '
cRAltS batrga, $2.00; niediur . $1.5 doaaa.
Grocer lea.
St'UAB Cube, $u.ixi, powdered. $d.73; fruit
or berry. 10.311; b.et l ) ; dry granulated
0 3o. 1 yeUow, $3.eo. tAbota yOolalloua are
Jo days net cash.)
RlcE Japan style No. 2, 4; New Or
lesns. head. 3ail'Tic; blow roa. 6v,e.
fcALT Coarse, half grounds, loos, 10 6'
per ton; 5o. $11. Jo, table dairy. 0Os $16
los. $17. 5o; bales, $2.23, lump rck. .J per
toil.
HIZANS Small white. $7.23; largs white
$7.25. pink, 13 73, 11 aits, 10.00. Jyou. lo 7j
reo. Kt-00.
Hops, Wool and Hides.
HOI'S Nominal buy In, price.. 1913 eron
choice. lCLrllc; prime. IttJltSc; : njedium U
prl me , 7 Vs c.
Ho.Ntl New. $3. 23 y 3. 30 per case
WOOL Nou-lnal. IK 1 5 rllji: Wlilsmette val
ley coarse oiswold, 23y2c. tutMiuta .hrop
SLire. 23'a2 . cUoica Lancy lots, itjc; eaatero
Oregon. I422c.
IlllltS-Sailed hides (23 lb, and op), 14iic
sailed stsas lo lb-, aud up), lie; sabavd
kip (13 Iba. to Z5 lbs.), 15c; salted alf uu
p. 13 lbs.). lNc; green hides (25 I ti. ai1(J ap,
13c. green stags (3o lbs. and up), Sc gre.-ii
kip (15 lb, te 25 11... , 15c; gren cJu iuo
to J5 lb.). lc. dry flint hides, 22e dry
flint eslf tup to 7 lb. ). 27c; dry salt hides
2ot ; dry leoraehides. escb. 6ocitl.i0
borsebides. each IZ.isxji3.oo; boraebalr, 25v
dry long wool pelts, 10. ; dry ibojg wool 'pells'
12c; dry sheep ahearlnif , each. TlVti,15.-; aalt
e j sheep shearlluga, ea. h, 15y25c.
TALLOW ho. 1. 3iVic; Ns. 2, 4ej,.
grease. 3U3HC f-
CI1ITTIM OK CASCAHA BAIV i Buying
price, per csr lots. 4c; b-ea than r-Jots - jl,.
UOllAlU 1S)15. Mc. a '
PaiaU a- T Oila.
GASOLINE- liuia. 14V4- per g. .Ion
L1NSEKI) O He Raw bbla.. HOc ja 1 kj ; ei
tie bollvd, hhl., sea-; raw, cases. Sic; hoped,
cries. V3c gaL; lota of 23 gallop le lea-'
oil cske inesl. $44 per Ion. '
Co A L OIL Water whit In dim and Iron
barrel. 10c. l
TLUPENTINE Tauka. C7c; rC, 74,
Ion. .-
WHITE LEAD Too lots. aStjilb.; 5,
300 lb.
tots, Ue lh.; leas lots, tc pr
OIL AlEAL Carload kU. $H-i
Frost Bitten.;
TWaleee avfu. a r. ail.H.ln m
(elr fnel lo
today's classified eolamns offer U
LIVESTOCK MARKET IS
beat prices.
(Adv.)
FINANCE, INDUSTRY
AND TRADE REVIEWED
Bsvnker'on Oatlook for X.nm'bsr. E
O. Crawford, vice president of the
UumberTnens National bank, expresses
the outlook for the future of the lum
ber business, with which Is linked up
the prosperity of Portland, as follows:
"it is the lumber business that made
Portland. Of this there can be no
doubt. It is Just as true, also, that
Portland will not be prosperous again
until the lumber business conies back.
Many believe that Portland's pros
perity dates from the publicity the
community received as a result of the
Lewis and Clark exposition. Partly so
this Is true, but it was only a small
factor. The prosperity of this sec
tion began with the coming to the I'a'
cific coast of the big lumber operators
of Michigan and the middle west. They (
bought at an advantage. They got
the limber al a low price. They Were
followed by trailers, und very soon the
boom in timber dealings was on. With
it Portland's prosperity went to Its
cre-st. The evidence is the many beau
tiful homes that were built in I'ort
land by lumbermen principally.
"All of the bunks loaned liberally
on timber. They did not understand
Ihe business as they do now. It was
possible for almost anyone to get
credit for a locrging outfit and sawmill
why had a pie. e of timber that might
be cut. Here, there and everywhere;
logging camps were put Into action
and sawmills were erected. It was"
not lent; before there w.-re live boa ids
manufactured for every board that had j
a buyer. Tho rtisult is what we have
all witnessed.
"I do not believe that the bottom has
dropped out of the lumber business
for good. It is foolish to talk that
way. The best answer to that Is that
the moment the domestic business
of the 1'hlted State.s showed signs of
revival, that moment there came a de
mand for lumber and prices began to
rlse
"MatiT substitutes for lumber In
building operations ha v .. been used,
and I am not blind to this fa. t. I am
alive to the fact, however, that wher
ever there is building going on there
Is a demand for lumber. This Is all
aside from tho demand that seems to
be Imminent growing out of war oper
ations. I nm looking for the future
when the war shall no longer be a
fa. top for or against the lumber situ
ation "When the revival tierriii there were
few producing logs or cutting lumber,
comparatively ;.inh'nc The result
was tho purchases had to be mad
from flocks on hand. Now stocks of
both lorrs and lumber are depbted.
Wo must get to cutting logs again.
The demand for yard .stuff Is dally
growing heavier to fill up stocks.
Mills are beginning to operate. Prices
are going up and there s uncertainty
about contracts fo future deliveries
becaune of uncertainties of future
prices. Here Is where the rub- conn s
In We r.ee.i something, somebody or
some orcanizat'nn to hold us down
"If every logging camp that can be
opened up do.-, open. If every saw-
1 mill, little and big, throughout this
j section starts to cutting, the outlook
1 Is uncertain. Prices will not go up
1 to the point of profitable operation.
because there will be overproduction
and every one will try to get some
money for what he is out for labor,
taxes and bond Interest, and general
cost of operation.
"The remedy would he most rend
lly achieved, it seems to me, If the
lumbermen could get what they are
contending for with the trade com
mission, permission to cooperate in
foreign shipments and for maintenance
of prices nt it living rate. The banl.s
can help the situation if they will re
fmln from loaning money on new saw
mill rirolects. unless of unquestioned
financial gtandirg, for the purchase of I
operating outfl's. or to supply them I
. . . . 1 . I . . I , 1 Th
with part or tneir nie-i ii:....
same is necessary In rase of logging
camps No more money should be
advanced for logging outfits
"The banks should restrict their
loaning operations to r"ing concerns
snd rellglouslv keep from furnishing
f.xcl capital. There Is plenty of money
for manufactured logs, for bills of
lad'ng for doc-timents o accompany
shipments, nnd other evidences of act
ual sales, but few should be encour
aged to go into either the logging or
sawing business at this time. They
cannot help but ruin what credit they
may have of their own. and they will
prevent all the other established con
cerns from making any profit also."
United States Chamber of Commerce
Bsvtew. Th" Chamber of Commer.e
of the I'r.lt.-d States of America has
again Issued a bulletin on g neral crop
and business conditions. It also gives
the outlook for business during the
first four months of 1916 for th;
United .States. The prophecy Is ac
companied by a map In hlnrk and
white. The white spaces Indicate good
conditions, the slant. ng lints fair, and
the dots poor.
For the first four months of 13:6
the dotted area Is given to all of the
territory west of the Cascade moun
tains, and lrom the Canadian line to
th head of the Willamette valley.
This is the only territory In the coun
try Ihuj Indicated. Southern, eastern
Oregon ar.d Washington, Idaho, Ne
vada, southern California, I'tah and
north and western Colorado are
classed as fair. Practically tb en
tire central west and south are classed
as fair, as are the coast territory of
Virginia, the Florida coast and penin
sula. The white or good territory includes
California, Montana, Wyoming. North
and Kouth Dakota, Nebraska and Kan
sas, southeastern Colorado, Arizona.
New Mexico and western Texas.
The New England states. New York,
parts of Pennsylvania nnd Ohio snl
parts of those slates south of the
Mason and Iuxon line not mentioned
In the fair column. Including parts of
Alabama and Georgia, and a circular
spot iu southwestern Missouri, ars
w hits.
The text which accompanies the man
does not go particularly into detail.
In discussing the lumber business
general improvement Is predicted but
no mention is made of the western
lumber region. Nor Is there sr.y dis
cussion of conditions affecting the
west except a reference to the fruit
industry of California.
Bradstreet' Weekly Summary
Conditions local to Portland are thus
stated 1n Pradstreet's Journal of Jan
uary 15, an advance copy of which is
furnlsh"d by the local office:
-Itetallers are holding the usual an
nual clearance sales, which are bring
ing fair results. There is a general
remodeling of saloon premises as th
result of prohibition which went into
i : feet January 1, litlR. A small per
centage iof wwloon rnin are continuing
as soft drink. poolroom establlsn
ments. etc. The wholesale liquor dealers
have ell her discontinued or moved to
wet territories. Farmers are holding
both wheat and oats. No oata are ar
riving at this port. although some
4')fii tons are said to have been
worked to dote for eastern markets.
Hops are more active and firmer. Receipt-,
at stockyards have been very
fhlr with hogs the centering feature.
Collections slow to fair.
Zeocal Baslaes Start Off Good-
Ke presentatives of six entirely differ
ent lines of business were asked as to
their trad for January. Each one
s!d that the year is startln- off well
with his concern. One said ha wa '
surprised to rind how well the TOlum
f orders was keeping up With blBl.
Another, who does both wholesale and '
retail business, said that local buy
ing was good until the severe weather
figuratively clogged the wheel of ,
business as Weil as the wheels of
traffic literally. The storm baa 'af-
ftcted general condition cODsidsj.
bly. It has prettv nearly put A stop
to logging operations. . The effect I
considered n temieurnry Inconvenience,
however, and has nothing to do With :
general conditions. The spirit Of the
business man is good and he is quit
hopelul of the prospects for the jrear.
There Is more money moving; for bul
net.8 and collections are easier. One
banker said that h.s smaller loanal are
iiiucu nior.- prompt and businesslike
in their handling n,au has beea tb
cuse in some time. :
Forced Situation on Stock Exrjhanf. -
The operations 011 the New York
stock exh.un.e Ir th week were more v
forced ti144.11 sipojitaneous. Hllght ac
tivily was manliest at certain session
in the iiiunlt.on shares. The report
gained ground at one session that th
banks were showing- disinclination t0 -loan
on Industrial stocks. The actlv
Ity in Mexican stocks subsided this -week
due to the news developtdent.
lw.bor troubles, present and Imminent,
were held responsible for part I th -inactivity.
Money Hates Stationery. Money
rates at the piindpai points were prao
llcally unchanged during the Week
This is also true of the discount rate
of the fe.ieial reserve bank. KorelgQ
exchange experienced slight variation
but closed on Saturday at about th
fcaine lato as lust week.
C Lateral
1 nil I una OonTl. K. T. .
la.aL.4 luaias iHsr. Kick. .'
New V..rk city it, 2-..42 2(.l $
Portland 11 4J , t uM LOOP
-e..lt!e a 14s ti 18 1.116P
''' t. a i.aoi" .
Sai. Krsncls.-v . V T .Xbf
Ssu Ireiit-Ls.v. d ... t j T .KoP
hn l.n.a . u It.id.n at New York jests
day hsd streiUieiud to 40 b-lu.
lied I tint i.i.-. ,4. 1 lie federal reserve beak
si San Iriuriiii, remain unchanged. The foe
lowing are the ralea at ths given liiaturlri!
Commercial paper. 1 lo days. J per rest; lie
30 Ui.... Ill, pel lel.t. ..1 OO Out, 4 per CWBii
ll-'.o daya. 4 S ler ti.t
Llvralock liaper. (114 days, e per ent.
1 rude acceptances, tjo dais, per Mat J
01 la daye. j'- . r .-ei.1,
Ii.iiiiik1iij ; -siier. 1 ..I days. 8S per cest;
111 'iO iiayi. (', per enl. tit-W) (luys, 4 par
eeiit. Ill duys o mouths, 5 per cent.
Hankers accepLauicce 2 to 4 per cot.
Changed to a Sailer's Market.-.It 1
rt ixirted now thai aelilng condition
have made an almost lomplet turn
al cut face. Kor many months tb
general inaiket, including knit gOOdA,
iiuln'ncry and a. .led lines, has-been'
largely a buyer a market, the OOnd4
tl .iis being su. li that buyers could Usu
ally make ti.c.r own terms within llm
us. Now with slocks in the hand of
manufacturers much reduced, th ln
creasing domestic trade, and the de
it. an. Is of foreign business, ther hk
been created su- h a change that th
eili.r is now able to dictate CondJ
lions largely Tho result Is a market
of iiMitg prices ut.d greater delibera
tloti in tlellvciy oil the part of tb
seller.
Gain In CrOTernment Deposit Th
latest statement of., the operation f
the Twelfth district federal raserv
bank at Sun 1-ian. lsco, dated January
It, shows a considerable gain In th
government deposits transferred to th I,
Federal Ileaeive bank. The total nOW
Is $K07,Obu as lompared with $864,04)0
a week ago, a Kairi of IH3.000, Th
statement shows a loss in gold hold "
ings of $l,S24,"Ou. bringing the total
dow n to $14,156,1)00. The other Chang;) '
Include a gain of $5000 in rediscount .
a loss of $32,(uiu in bankers' accept
an. es, a gain in total resource of
$2M.jO(. and a gain in members de
p. Bits of tlUH.oou, bringing the total -up
to $ 1 7, 626, odd.
Storm Affect Coast City CTleaa-laga. '
All lour of the principal PaclCiO
coast cities. Healths, T acorn a, Portland,
Kan Francisco and Is Angeles, Show .
icireasea In their bank clearing OtaJt)
for the week ending Saturday, January
15, as compared with a week ago,
thus clearly Indicating th adverse af
fect on business of the stormy weath--er,
for ii,e year had started out Strong
in all cities. The total clearing for"
Portland for the week were $10,610,140, .
a dc, reuse of $ 1 ,24,r72 ; Seattle total, '
$12.2'.tH.2hn. a tie. i ease of $1,286,1111
Tin oma s total. $2. 07 1. 662, a decreta
oT $.13.0'. 4 . Kan Francisco's total, $ '
lo;2.f.37. a dei reiiKO of $13,098,74; IXM -
Ai.e.-ii-h' total, $23,!i4:,S'J71 a decreaA
of $J,S4,C1U. ..
Minister in France
Demands Deserters
P.erne, Jan. 15.-1. N. S.) Tb
Frer. ' h minister has demanded the u r .
render f two Swiss oi Uteris, who
served in th Fr-n'h foreign legion
and are charged with desertion by tb
French military authorities. Th 1-J."
leg-d deserters recently arrived her
from Constant ln"ple. They said thf
had been raptured by th Turk OB.
(Jalllpoii last June. They were In a
hosplt.il for some time. Iater they
were to be sent to the interior of Asia
Minor, but a member of the German -embassy
took an Intereat Jn them and :
In November brought about their r -lease
on parole. They returned horn
by the way or Bulgaria, Hungary and ,
Austria. . :
The French minister claims that th
men deserted during one of th n
ragements near Scdd-el-Iiahr .nd went .
over to the enemy. His request for
the two soldiers was promptly re
jected. One Too Young. Other Too OltL
Ixndon. Jan. U (C P.) Privet
Albert llamher, Klghth Irish regiment, .
was sent home from the front wnr
It waa discovered his age was IS.
James White of Sowerby Bride met -a
similar fate when they discovered -be
was "0. ; . '
- - . . . '
Overbeck
&CookeCo.
Stocks, Bonds
Cotton, Grain, Etc '
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Members Chicago Board of Trad.
Correspondents ef Logan 4 ByravS
Chicago. New York,
0l-ai7 Board of Trad BuUdlmg. -