The Oregon daily journal. (Portland, Or.) 1902-1972, January 30, 1916, Image 21

The Oregon daily journal., January 30, 1916, Page 21, Image 21

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Newspaper Page TextTHE OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING. NIJARY 30, 1916. HOBSPECULATORSBENEFITBYCUT TALK OF DECLINE IN NET VALUES HIGHER While Showing Lm at the End of Week From Previous Day, Satur day's Prices ire Higher Than Monday Ixx:tls Oat of Liine. Northwest wheat traders try to ex plain the sharp redaction In their bi -In fnr mnnllu on t h Portland Merchants Rxchange by the a3eged fact ll.at the Chicago market ha gone to me now wows and that local quotations must follow because th bulk of the local business Is for European account and for shipment east a competition with the Chicago trade. . On- the face of t the excuse looks rood, but the factaare completely dif ferent. The Chicgo wheat market showed no such decline as the Port land trade would nake Itself believe. Instead of this market showing the bi;r losses as Indicated by the review of the week's trade, oi the basis of what Chicago done the prices In the Pacific northwest should have at least held steady. There Is more tiot air" In the Idea of Chicago wheat price showing a sc-J vert reaction, thin Tact because 119 such condition wis shown. For in stance, on Monday the price of May wheat at Chicago was $1.33 a bushel, while the closing pice on Saturday was $1.34. or 4C higher. The July op tion started the week In the Chicago market with Monday's closing at $1.25H ask which means perhaps $1.25Vj bid." The closing price for this same option at tr.e end of the present week was $1 25 or fully c better than the week's opening. Some of the Portland trade may have discovered how the Chicago price went to the dog's during the week, but the actual oftlcial prices fail jo disclose Such an event. It is true fnat nt one time during the wek Chicago prices were higer than at the wetk s closing, but comparing both markets for the r wlr m irlrwi rhe rhirarn declinei Wei a more or the mind rnan actual iacia. The trade at tidewater 1. always talking about Interior prloes being on the basis of actual freight cost to ship to Luiope. but tills does not seem to hold good In the present instance. At this time when the great buik of the European sales are being made for ship ment by rail from the Interior, prices In the latter section are siill on a basis of Portland delivery, when the actual facts are that with the exception of branch lirtea. the freight charge from the interior to the Atlantic coast is exactly the same as from tidewater. This perhaps may have been the cause of lowering tidewater quotations at the end of the week when values. In the Interior are steady. Oats market showed a fractional loss on the exchange during the week, but barley was so scarce that during the last few days no bid and ask prices Were posted. KLOl R sailing pricer Patent. $3. SO: Wll. lamette valley. 0.t; local straight. 3.V(j 6.40; baker' local. 5 SO-U5t0; Montana apring trtt. $6 30; export. I4.905 ; whole wheat. $?.U0; graham. $5.0; rje flour, CW per barrel. HAY Buying price: Willamette Talley tlm ethy fancy. $15. '"'I 16: eistorn ini-wo. Maho fancy timothy. tn.&UW: alfalfa, $1" ..'; I etch and oal. 814.OOtClZ.UO; carter. 8 '''-3otC .00. CHAIN SACKS 1918. souilual: No. 1 Cal- Veutta. tlte5al3e la car lot; le amounta kirlier. M I LI-ofTt 'KFS Selling price, carload Bran. S23.N; short. $J.00. Merchant' Exchange January price: WliLAT. lota: CHICAGO IS ALL BOSH; tat. m. Tours. Wed. Tue. Mem. Bluectem Bid 111 114 114 114L, 11S 113V, Fortyfold 1J 103 100 107 It 108 .tlub 100 100 104 105 107 106 Bed fife lOO 1O0 103 104 104 104 . Bed Roaatao 100 lOO 103 103 104 103 KEEP OATS. 700 2725 750 277 5 2773 2750 FEBD BAKLET. .... 2y0 2025 2025 ' MILLSTXFFS. ran (100 S150 2150 2150 2150 Shorts liiO 2300 2323 2300 2C25 2P.25 Fa taxes were quoted: WHEAT Bid ....111 1 1.4 K2 M 100 100 lOO' 1O0 lcjrt loo Ak. 1U 113 1"4 !il l".l lo3 February blnetm March bluetem . . . Ssbrnary fifty fold Mrcb forty (old ... February club March clab February fife . Mrcb fife February Russian . March Kuaaiaa FEED OATS February Marco February braa . March bran February aborts March afcorta . . .2725 . ir750 2S0O 2tM) 2:v i't.V) id 10 i50 MJLiTLFFS 2150 2150 Xi0 aaas Heavy Trading in Boston Wool Market local Boston Mass Jan. 29 -The wool market shows increased strength kiiu attivnj. .-""i 'J awe mo aklng hold with more freedom than a few weeks back but active specula. - tlon Is on among dealers, who hav- Jng become Impressed with the excep- tlonaliy strong position of the market1 bave been buying freely in the belief that present prices will be low com pared wltn what taey win tie later. Altogether, It is estimated that fully lated that f ully ol have chan eaS o which would o. wnicn would st acuve of any 10.000,000 pounds or wool hands since a week ago. .make this week the most In several months. It Is not hard to be bullish On tie wool market these days. The wod- , en mills Of the country probably never before were as ruiiy occupied as tny are now and certainly as long as the war lasts If not for some time after- ward, they should continue to enjoy their present prosperity. Get Spokane Apples. By selling Spokane apples Into other fruit producing sections of the north west the Spokane Fruit Growers com pany officials declare they have estab lished a record unique in the fruit history of the Spokane district. L. J. i Blot, sales manager, reports that a car f fancy Rome Beauties has Just been delivered in Portland at a good figure. 1 Liverpool Cah Wheat, - UTsr-pool. Jan. 29. (I. N. 8.) Wieat ftpot So. Manitoba. 14s SSd; No. S, 14 id; Ke, S bard winter, new, 13s 4d; No. 1 north ern Delnth 14 2d. TRANSPOirTATIOX . 8. "SOSXH2BH racxno1 S. S. "DUAT aOSTSXM "northern PaclTl" sails far Ban Francisco Every Tuesday. From 8. F. - for Portland Every Saturday. After southbouud sailing; Feb. 8, ser. ics to Ban Francisco suspended until about March 4. MTorthern Pacific" from 8sa rran cisco fos Honolulu Peo. IS. . Oreat Worth ern" front 8aa Pranctsoo tKonolnJ.a. Jan. as. Peb. 14. Kax- a. VIUJLUT OmOB. 6CTC ani STaJKZ. Station, lfita. w.niV Unrt IS A FEATURE CHICAGO WHEAT .Market Closes lHlc Off for Options With Reselling of Euro peans at Seaboard Complica tions Abroad Feared. Chicago. Jan. 29. Wheat closed w..alc and mHdc lower for the day. Rallies were present twit a little more freely and In all rallies fresh selling appeared. Cables were easier and brought full confirmation of the lor-, elgn re-selling at our seaboard. j New York wires It la unaLU to find any new business but do know of con- i turned re-SeUing for the? United King dom and cases where shippers will not cancel, foreigners are hedging It In i Chicago and Winnipeg on the July. ' This ept-ms to explain the situation as it exists, but the cause is a little deep er and may be found in the late re Iorts In our own country and Germany are becoming graver on account of un favorable developments from the L.usi tanla case, which opens the whole 'tuestion of submarine warfare and further restricts shipping. The mar- ket Itself Is technically weak and a market accident could easily precipi tate general selling. In that Case a setback would be unavoidable. Corn showed renewed strength, the rumors of foreign buying of our corn were revived and more short covering and some new buvlng followed. The decline In wheat checked the advance and turned prices down aenln. Oats wore relatively heavy and followed the fluctuations of wheat. Range of Odrafo price furnished hr Over- beck a Cookt Co.. 214-217 Board of Trad. building. WHEAT Open. Hlxb. Low. 124 V. 125H HS CVse. 154 125 81 80T4 634 49 S May irr.S Jaly IMS lS l-T COR MS tl 0AT3 CSS May Joly May . . July !, 6S--4 5ft 1 JOBBING PRICES OPPORTLAXD Theae rr''" f tbne at whlt rlinlalen Ml! to retailer, except as othrrwtae stated Dairy Produea. BUTTER Oi r.iu.rrj rrbe. extra. 12e, firata, SOc; aeeooda, 2Sc; print and c r tcoa, extra; country creamery, culie. '.ii2k; ainrafe, Xti-c; Oregoo dairy. 18Qlc. Kin F.Hk AT Par I land deUrrj No. 1 auur .-re.ii-. : 2- . No. 2. gOe. FiiGS--SeJli ug frier by doalar. dellrrr extra Selected freh. 37c doses; case coont, Oreiin ranth, 34c. l.ivi: I'uLI.lui lien. heT PlTmonth Kurk 15c; or.Unary rhlc-keo. 14c; aprlncs. ISO 2 lb.. 15c lb.; tnrkeya. 23c. dre&eed. fancy. an:6c; full. 2V(-lc: pigeon. Sl.Oeq 1 ,: uab-. 11 20 doien; gerae. Ut. IuQ lOHe lb ; lVkln Jnck old, I6c per Ih ; oung and heary, lsc; Indian B miner. Lit 14o lb. JACK RABBITS -Fancy, if. Q Tie doaen. CHKE8K lling price Frth Urtxw fancy foil ereirn twin and triplets, tdulWc; Ycnng Amertra. 186 20c. I'rice to jobber, flat. 17c: Yoang ..meiica, ISc (. o. b.; creaaa 1. rick. Ife4i2"c; llmbrger, 26e lb. Fruits and Tegetabiaa. FRESH i-ubiia Oraagn. fancy qavel, t;oO',t;;i. bananaa. 5c lb.; lemona. t3.l0 4 50 box: frf flrull. Florida, f 4 05..v raae. plteapplea, TilHe per lb.; pear, 1.753i00; (Ul-f, o Ijt lb., tai.fcrrlue. 11.50 box, APPLES Local. $1.25U2 per box. according to gualliy. ONIONS Ixcal. J2.2582.35 per cental, aa tociatlun eling price carioait. $2.0U f. o. b. CC' II fT I ',!; i. r!c, 15c lb. TOTATOES Selling price Local, Il.CQ 1.75: bujtliie price, tl.loiulo per cental; ert. $2.7iU;3.UO. VtGETABLES Turnip. $1.00; beets. $1.0C ler aack; carrvta, tl 00 per aack; partnlp. jl.OO wet; cabbage. $1.75 per cwt.; gren onloua, per d in biinmt pepiwr. bell 15c; head lettuce. California. 2.50 per crate; celery, California. 4.75; cauliflower, t slifornla. $5 per crate: Frrncli artlcbokea. $i.4U; tiring beans. 15c; tmtbouse cucum ber!. ( ) d'n; tomatoea. California. tl 75; egg plant, 15c per lb.; aprouU, be per lb.; cranterrlea. local. Jlo.jo; aaateru. ll.uo il2.uu per barrel. Moat, Fun ul rrariaioaa. DRESSbU alLAlS Selling prlce Countr killed. Eaucy hug, ttc; poor. TViOisc; fancy Teala, ll12c; ordinary, 11c; poor, 74jsc; ri'ais. -VaUc; aunug iujo. luc; mutton. CUM: lb. HAMS, BACON, Errc. Hima. 15S20e: brrakfaat bacon. 1S&2&C; boiled banx. ac; picnic, 10-jc; cottage roll, UVc; Oregon ex port. llVjtil(c lb. I uiMkiM uijoipia. per gallon. a; canned eaiteru. 55c en. b.5o dcxen ealeru In hell. 11.85 per lOo; raor clan,. i2Vc doaea: aait ern oyster, per gallon, solid pack. S3. 00. FISH Dred flounder. 7c; ateelliead aal mon. 12c; pcrh. 7t4c; lobatera. 2ic; alirer 1 melt. V-; aaluinn trout. 12c lb ; halibut, i WV iil2c; Columbia amelt ( f, torn cod 7c: black bast 74c lb. I CRAB-v Lr, 2-0O; Bedlam. 1.50 doaen. I itandard, loc. LAKU a in vr, icui renaereo. lac; tuuiiaru 12c. Oroeeriee. 6UGAB Cube. $.u; powdered, 6 80; frolt or berry. o-tto; beet t ; dry graDulaied. d.eu; U yeUow 1-i.ao, (Abor quoiauoaa mr AO uaya uel caah. BJUi Japan aula No. 2. 4c; New Or lean, head, tttoc; bins roe, tc. 6ALT coarae, half ground, luua, jo 6j per tou; oja, tll.o, Ukbw dairy, boa, (lav 10. li5u; baa. ti,- iuiui, ruck. per lun. HCA email wnita, aiu; larra rhi. K'uk' '5: Uai- ttwi u.i; - Heps. Wool and Kid, HUS .Ni.ii.iual buUig pru. 1813 cron. oic, i2ttUc lb.; prune. luuC; medium ! yruue. mani. tiu.M,i Xj-iia.i0 per caae. muvtu :uimi. ctiy; m iuauieit ai. ley. cur l c; aieuium aarup- fcflUtS salted bides (3& lba. and ,p)f uu,e sailed Ug lt Iba tsd up). ie; salted "1 u u. He; salt 'P t0 33 ,; ited eslf aba.). lc; grwujiide (23 lb. ,nd B', utl i50 Jt- d Bp Bw ' , $,11,4. w 24 lba,. lac; greea c UB PI. greea kit 113 lb, lu u um.;. iac; greea calx uv U l4 lb.), lsc; 4tt fllat hide. 26c; dry n,t,i rait caa u 7 im.1. iVc: du'aait ki.i- 20c dry hurMde, each, 6oci.oo; Mit huraebiJes. each $2.0042X00; horaeualr, 2&c; dry long wool pe'". 10-. urJ aovri wool peiu, lc; J-7 ebeep soearisgs, each. logflJc; i Jtr,nV ?f,hi. . . TALLOW No. 1. OUSfec; .No. 2, C6e: (lease, J'tl-iVic. CU1TT1M UB CASCA&A BARK Baying price, per car lots, 4c; teas Uiaa car lots 8Wc klOUAlE &. 2ec. ' PaiaiU sad OH. LINSEED OIL liaw. bbia, sec gallon; ket tle buUcd. bbla., tuc; raw, case. Pie; belled, caaea. tttc CL, leu of 2aO (a ilea la la; oil iat meal, $44 per too. COAL OIL Water white, la arcm snd iron barrels, 10c. TURPENTINE Tanka, 7c; eases, 74e gnl lor vTinTE LEAD Tn lot. Sc lb.: 600 lb. lot. 9c; leas lots, Sc per lb. Oil. alEAi. CarWau lota. $34. GASOLINE Hoik. 14 Me per (allow. Merino Tops to Be Held. An advice from Bradford. England says all merino tops licenses have been stopped, even for France. This announcement was made al most simultaneously with another that all New Zealand sales have been suspended owing to lack of sufficient shtpa The British government has sent out tenders asking quotations on khaki serge for all requirements dur ing 1816. In Bradford the market continues firm, prloes tending further upward particularly on crossbred tops. Shippers. Attention! Wo pay on immediate shipments: T.tr. fresb, 85&3se per do. Bogs, No. 1. gUjs per lb. Veal. No. 1. lOHlle per lb. Flena and spring, 13c per lb. Broilers. 20e per lb. Bosh to ua all roar produce. Highest marl ft t i OTAMntAA CViAAka kw Mtun Mail V I eoaimlsstea ebargea. I raw VTwa em I SOT-SOS Stark St. MsrsbaTl tar. FOREIGN SELLING BEARISH REDUCTION OF ACREAGE OF HOPS PLANNED ALONG THE PACIFIC COAST; SOME MAY BE IN POSITION TO SECURE ENORMOUS PROFIT California growers would cut the acreage in Oregon and Washington as well as In their own state Too great a supply is produced and . surplus shown Purchase of large blocks by Uortt would then be big aid to bis profits. B7 Hyman ir. Cohen. j Serious consideration is being given bv hopgrowets along the coast to the curtailment of the acreage during the 1 coming season. The California Hop ( Growers' association seems to be the nead of thin movement, but growers there are asking other sections along the coast to Join with them In reduc ing the production. There la no doubt that too great a volume of hops Is bring produced In the world at this time to give the product the old-time profits. Once upon a time and it was not so many years ago either the hop grower of the Pacific Nortnwest was able to make a good sized fortune within the period of a few seasons because values ruled extmordinary high. BUr Profits Are Cut. Profits since then have been cut considerably and In periods the crop has sold below the actual cost of product so far as average quality was concerned. Hop growers are seemingly trying to fool themselves with' their former agitation for higher prices on present prospects. The truth of the matter Is that holdings of hops in the world are fully great enough to tide the trade over even though not a slncrle additional bale Is produced in the 191S season. While It is likely true that there will be some brewers who would be without supplies: If the to-al hold ings In a!! hands were properly dis tributed there would be sufficient for all and more. This Is not mere report, but based upon facts secured from a thorough examination of the world's output during the lsM few years, together with the statements of brewers s to their output of beer. These state ments are true. becaue tiev are given to the revenue officials and are backed bv the sale of stamps before the sale of the veer la allowed. Poor Picking a Detriment. Poor picking Is almost as much of a detriment to the hop market and trade as Is the over-production of the clusters. Here in Oregon the average WOOL PRICE OUTLOOK BEST ON RECORD The coming season for wool, prom ises to be the strongest known to the triide. If present conditions in the rorld's market are to be considered. The year has started with an un usual showing of strength and ex treme values. Ix-jplte the fact that the mill Interests continue to take foreign wools at higher prices than they are offering for the domestic clips of similar quality, there is no sidestepping the ultimate outcome of the market. Reports from the east Indicate that mill Interests are going after con tracts In the west with a vim this season and that with prices offering fractionally higher thnn a year airo they expect practically all western Interests to swallow the line, hook and all and sell their fleece at the first opportunity. English and colonial wool markets. In fact, are Inclined to exhlhtt ex treme animation, ana sales in London which began Tuesday will put prices on a higher plane. GOLDEN PRICES RECEIVED FOR LAMBS The extreme scarcity of mutton and lambs throughout the United States la causing much concern among packing Interests as well as among wool buy ers. Extreme values are being of fered and paid for both mutton and lambs at practically all centers and still supplies continue on a famine basis and no relief is expected for some time. The sheep market of the country presents a rather remarkable paradox on American economy or rather lack of It.' Wednesday the William Leitch Sheep Commission company sold In Kansas City 242 lambs weighing 81 pounds at J10.75 a hundred pounds for V. L. Booth of Almena, Kas. This is Hi. C 1 ,r K o , nrlp. . - .. . .1 i ...I lambs on the Kansas City market and exceeas me ioriner recora in any pre vious year by 45 cents. The bulk of the fed lambs are sell IRRIGATION EXPERIMENTS ARE NEED Agricultural development of the Ir rigated lands of Oregon. Washington and Idaho is great'v in need of scien tific assistance and research. The magnitude of this phase of develop ment, and the many obstacles met by farmers developing land under such conditions renders tneir case very Im portant and vital to the best interests of the country. To get this much needed assistance, which our . government Is equipped to furnish, for the farmers who are de veloping lands In the Pacific North west, action should be taken at once to get the work inaugurated. In order to make definite, system atic and thorough tests of many in PORTLAND IS THE That Portland Is the best market for wool tbat Interior producers can select Is Judged by the following re marks by the Fossil Journal: I Uen Iremonger and Straube Bros, of Waterman have sold their wool clips that they shipped to Portland laet summer, after the Condon wool sales. They netted about three-uuarters of a cent more per pound In Portland than they were offered at Condon, and 1 cents more than they were offered by sealed bid at the Condon sales. I ne hiehest bid they received at the ConNJ don sales was 18H cents, but this was TEST OF SEED CORN HELPS THE CROP Testing seed corn for germination always a profitable farm practice Is an absolute necessity this year In many sections. In a number of dis tricts the last corn crop from which seed for the coming planting will bo taken was late in maturing or so moist. , when harvested as to call for special precautions. A high moisture content makes seed corn particularly suscep tible to damage from freezing or heat ing Farmers In the sections where corn failed to ripen normally who do not test their seed early enough to be able to replace their own bad seed with good seed secured from other sources will be taking an unnecessary risk. It is also especially import ant for holders of seed in such dis tricts to take unusual care during the WILL AID KENNEWICK BERRY GROWER Sleg. sales manager of th Hood River j the strawberry shipping Interests and Apple Growers' association, has re-j for the purpose of assisting the grow turned - from a" trip to Kennewlek. I ers In that Section in organizing a WjLah-. whaxa) he went te reaponsa to 1 aalaa department tor the berries irga grower saved 25 cents per 100 pounds in his harvest operations during the last season and suffered a loss of about two cents a pound In the price of this product for the same reason. False economy led many growcis to 1 make this mistake this season ana it Is safe o figure that the growers 0f Oregon alone lost $325,000 on this has for ears had the repu tation of producing the best hops along the Pacific Coast and for that reason many of the leading brewers of the world were willing, at most times to puy more for the product of this state than for selections of other sections. 8uch picking as Oregon growers secured last year Is detrimen tal to this reputation. There were practically no hops produced in Oregon during ti.e 1915 season that could be safely compared In quality with that grown a few years ago Even the hops that were considered In the choice class this season showed leaves and stems In the samples and there was evidence of honeydew and vermin galore. Korst May Be Factor. A mall advice from Sacramento. Cftl.. during the week reported that Horst Bros, were about to sign the petition for decreased bearing acre aKc for the conilne season. The fact that Horst has been a very heavy bi yer of hops along the coast this season and that a large per cent of these may be for speculation, may really put a new l:ght on these ef forts to curtail the acreage of the coast. If t: e acreage is reduced ma terlallv and the output during the next few seasons cut down sharply. It mav mean that Horst Is going to make some enormous profits on the hops he has purchased recentl" While in the city Horst was non committal regarding the hops he had purchased or was going to rurchnse. : lie Is considered not only one of the. t:g guns In the hop growing Industry hi;t a very clever individual. Natural ly there may be nothing to this view ' of the matter, but some of the trade j Is Inclined to believe that way. This Is due In part to reports of a f-hortage In the Australian produc tion this season, coupled with In creased demand for special purposes, and consequently desire to make provisions for future needs. Not only is there a keen demand on the continent for wool from Austral asia, South Africa and South America, but buyers representing wool mer chants In the I'nlted States are operat ing freely to secure Imports, actuated by similar reasons. According to the Boston Christian Science Monitor, arrivals are begin ning to show considerable volume at that port, therefore, thus early in the year, imports bringing the total above 20.000,000 pounds to date. Neverthe less, the market evinces a disposition to prepare to absorb good quantities of domestlo wool during the season soon to open In western producing sec tions, and a lending Boston house Is said to be negotiating for Montana stock yet to be shorn. ing at $10.30 to $10.70. Short sup plies In feed lots, the source from which the winter market draws Its en tire supply, and the high prices for wool are the immediate causes of the high prices for sheep live weight. At the prevailing record prices de mand for mutton is more urgent than for either beef or pork, and either of these meats lg materially lower In price. It is a saying with butchers, "If vou want the platter licked clean gt the price high." And mutton is certainly high, and dailv supplies of sheep are scarecly large enough to meet the demand. Mr. Booth has 6000 more lamhs on his Kansas farm, and still higher; prices would not surprise him. The west produces practically all the sheep fattened during the winter months In the corn belt and until the supply is increasea materially triers wllibe no low prices for fed sheep. adequately tried crops, and numerous others of promise for use in this coun try that have not been tried, a defi nite and reliable means of conducting the necessary work should be cre ated. Extensive and. thorough tests of all such crops as appear to have merit for use In this wide area can be made most economically, in the shortest t.me. and in the most thorough manner by a properly supported and carefully lo cated experiment station. Only one station of this character can be expected for the Pacific north west when conditions are such that one well located and directed station can adequately meet all reasonable de mands. BEST WOOL CENTER later Increased to 19H tfents by prl- V.I.J 1 . .. , v . - w.i satisfied with this, these gentlemen shipped their wool to Portland, where it was recently sold at 21 ' cents. tton'o plln rtf H 1tki IK. . , I . , . ji azi 1cvc1n.lv buiu at -1 cents. Hen's clip of 13 300 lbs. gained more than 400 pounds over the Condon weights, the increase bHng due to the damp climate of the Willamette valley and Straube's clip gained In the same proportion, the gain ln weight Just about paying the commission's charges After deducting freight and Interest! they figure themselves th ree-iuariers of a cent per pound to the good by shipping. remainder of the winter to protect It from freezing. While complete testing for germina tion hould take place shortly before the seed Is planted, the specialists of the department believe that it will be simple forehandedncss for farmers who have any reason to be doubtful about the viability of their ed to make a preliminary germinating test with a few typical ears taken at random from the rack. If these preliminary tests show that the seed Is good, the owner then can continue his precautions o guard it from weather damage. If. however, this test with a few ears in dicate that the seed is of low vital ity, the farmer should at once make further tests to satisfy himself as to whether his seed corn generally Is good or bad. IN ACREAGE STOCK MARKET OFF, AT CLOSING JUST AS AT START OF WEEK Foreign Events- Cause Further Downfall qf Prices Irregular Opening Yesterday Followed by Down Trend in Quotations. (Copyright, 1916, by the New York Evening Post.) New York. Jan. 2. U. P.) The week on the stock exchange ended as it began, with a decline; In other words, the tendency which has ex isted since the month Degan, continued, j The street would not have been Wall 1 street If it had not Insisted that the weakness was in response to current events. A great deal was made of the presi dent's statement "I cannot tell you what International relations will be tomorrow"; and of the report offi cially denied of a time limit ultimatum-sent to Germany for disavowal of the Lusltanla torpedoing. Declines were' general. but they chiefly affected war stocks. "The monster petition" inflicted, on congress against export of munitions was the result of the government's again setting forth Its unassailable t round. New York, Jan. 28. The day's mar ket became weak after an irregular opening, but when no great selling pressure developed an upward move ment started in the second hour, fol lowed by a further reaction Just be fore the close. Crucible steel and Lackawanna were the strong features after 11 o'clock, the former qegalnlng all of its losses in the first Sour, and more, holding steady around "2 until about a quarter of an heur before the close, when it sold off again. New Haven was again selling below (7, more than a point below yesterday's low point and had an unsettling effect on the railroad shares. The weekly trade reports continue excellent. Brad streets says the old story of manu facturers being rushed to capacity is Increasingly empi;aired. I-Abjor Is be coming scarcer, wages continue to ad vance, money is easy and, collections are good. hank clearances Jover , - per crnt above last yea Oelng 43 per cent better for the Jeek ending January 29. Demands or miners for wage Increase will be added to those of the railway employes and retarding factor In the stock market. Total sales 305.300 shares; bonds $2,314,000. Rang of New York prices fumlahed by Orertxvk 4 Cook Co.. 210-217 Banrd of Trade building: 1 '(! It I ' I 'I . S 11. -n Ulrb Allla Cballlir. c Amcrtrin Uert Sugar.. Anrrlnn Can. c Aneriin Cr Fdr., c. American Linseed, c.. An erica n Nco. . c... American Smelter, e.. American sugar, e.... Am Tel. A Tel Americas Woo'u-n, t... Araonda Mining Co... Atchlaon. c Wi,''4,'4! tt4i 61 ' 63 1, 113 83 M S.-1V, 81 SIV, SB, T2U . loo j loo 1 wh ..127. I2K 127 . W, 84 MS .,lo ,1V il)7S 127 BO wi ICS 87 n 187 V Italdtrln Loco., c.... llaltlmor a Ohio, e fcro,klyo R. T Csl. I"etroleum. c fnadln Peiflc Chesapeake 4 Ohio.. Chi., il. A St. P. . . , Iilno i; er Colorado . Sc I., e. . Consolidated Gal.... Coru Products, c Crucible Steal, c Distillers Brie, c Krie, 1st pf Ooorttich Rubber 89 89kV)UJ 87 87l7 80 I lVJ.29W lHV4ilb7Wi7 6IV.1 CliJeiBlSi, ol bti4i B2it 44 1H7S J?Z 70'-, 43 S 61 0S S 121 ' 147 4H m r a ' 63Hj &ii5t62 441 44riB4 lKTVi.iavBTv 71 43 TO 70S m la Vlf 70 fH 44 441. s.ta. 61 U. Northern Or Lands, 44 ; Northern. if 121 12f ISO', Induatrlal Alcobol 150 1W Ini.iilrtlon 44HI 44 Kia.su City South.. C. 2Q 28 Lackawanna Steel I 61 I 63 143: 44Si - i 78 .ioo74 61V 76 101 SS 64 4 67 67 143 1O0 U, L-b!Kb Valley J 7J Mexican Petroleum llv2 (102 Miami Copper M. K. A T-. c MIkhoutI Pacific National Lead New Haeo New York Air Brake. New York Central... Norfolk 4 Western, e Northern Pacific PennTlnl Rj IVopliS C! Pressed Steel Car, c. ltar Cna. Copper.... Railway Steel Springs. Heudlng. c Kepublic I. a 9.. e... K k Island Siililpl.akcr c futhern Pai-lflc r.ulhern Ky.. c 87 Ss 87 S 8' ; 6 4 4 AS : 87 S 146 ua lod,flU-.U 68 6H7S 14S 1614 113 113,i 67 107 M 24 ass 118 113 B74 107 V 8S 77 MS 1 14.-,. pMI 2V 2u0 IS.1 4tT4. 7SS B J 37 107 liOSS 33 M 24 -J Xi 77 Q 77 61 811 t iV i'J is 14!) !4Hf -il45a . .: ; l!u4 vi ' .Viif. Mi . . 1 ,'jia . . ia:4 133 v ixt . . i 60m BO! 4!!', Xenn. toppar Tela tl Tnlon Pacific, c. . . f. B. Ruliber. e I.'. 8. Steel Co., c I'tali Cocoer W. L'. TleTph ... Vetlnelntie Klectrlr 63 Mf K 7 ni, OC- 0C 'jotal aale, S' 300 tbaxt. DAIRY PRODUCE OX TIIE COAST San FrDrioo. Cal.. Jn. 29. (tj. P.) Fnt ter Extra 30c; prima flnta, 2Sc; firsts, 27c. Egg Litra S7c; pullet Sftc. ' Cueeae callfornl fancy 17 Sc; first, IBS'" Baattle Majk.t. Seattle. Jan. P. ) Bdt t r Ni tl re Wanhlnxton creamery, brick, 84e; ditto aolld pack. ic. a CLeee Oregon triplet. Hc; WUronMn twin. 21c; ditto triplets. 21c; Washington twin. lHc; Young America 21c. kggs Select rsnrb 4oc; April storage SOo. Los Angela stArk.L Loa Angcle. Cel.. Jan. Ml. It. W. 8.) Egs. ca lount, 44c. Luttar Trash extra 32e. POTATOES ALONG THE COAST Seattle Market. 8ettle, Waali.. Jan. (C. P.) On too Orefou. 2Sc; Yakima, 2Hc Potatoes A'hlt Hirer, $23(27: Tsklma Burbaiiks, tWitX,; Tskims Om ,3J34. San Franciaco Market. 5an FrancUco. Jan. 2. il P!) Pot toe Per centxl, Salln S2 IXJQ2 JO; , r!elt, $1.7fl (jitfi, OreK'Hi II 4O4J1.70, Idaho.. $ 1.503 1 .75 -.(., ; 15'rf2.2.-. Onloua liuCtoli.JO per centaL San l-anc7sco Cash" Grain. Ban rranct.-o, Jan. 29. Wheat Per cental. California club $1 )41 1.82S ; northro club, $l.2l.s7S: blueoteru. 1.97S4l2.U.'S : Tur Ley red. 1.'U2 I 'JS . red HuaSiaa l.tv2SU 1S: fortTfold. l.Oiril.U2S. barley. per cental feed $1 X2Htl. J7S ; bin'li:g nd brewing. Sl.4ot 1 4ft. Oat, per c-ntal Red feed. fl.30Ql.37H; red see.) $1.4J'al.: Jth reclesned higher; wblt feed f l.41l.5; blaik uomluai. In that section that would Insure orderly distribution of the crop and result In securing the profits to the growers that they were Justly en titled to. "The same conditions now exist In tbat district that existed tn Hood Klver district In former years when berry growers were cutting-each oth er throats through ruinous local com petitive shipping: methods." said Mr. S?leg. "Kennewick grows a lot of fine strawberries and if the salts end is properly handled which will result in orderly tlistrlbutlon, the growers In that section will reap good profits from the business, but If after they have grown and packed their fruit, they fall down on the marketing end. the Industry will not be very profit able. 'Kennewick Is well in the market when the Hood lilver berries) are ready for shipment and before this district is prepared to ship In car losd lots, and w are often very materially affected by the Kennewick sales made in local territory at prices below what the fruit la actually worth. A thorough organisation of the Kennewick straw berry interests will be a material help to every other trawlrry shipping section la th north w eat." 4 Edited by Hyman H. Cohen HOG MARKET MAY GO ER TO PLACE THE Values Here Are Xot in Line With Competitive Centers Cattle Sit uation Lacks Snap Bat Mutton and Lambs Are Strong. PORTLAND LIVESTOCK RUN. Hogs Cafl Cav's Bheep This week. Last week.. PTev. week. Month ags. Year sro. .. ? years, ago 3 years ago. . 7.V44 . 8,097 10.000 , i.787 , 4.76 . 5,345 6.153 7h 21 5752 3811 2S59 2049 4222 6243 154 1S66 16JS S54 120 74$ 1160 7 13 10 13 li S With the exception of the sale of something extra aielect in the hog- mar ket at (7.60 on Monday, which was a dime better than anything received duruiaf the previous woek, the market for hogs at North Portland was steady at last weeks closing figure. Sales of top stuff were made practically every day in the week at $7740. There was another deoreased supply staring the local hog trade In the face uuring the week, although the loss as compared with the previous six days was limited. There has ben a great renewal of strength in the various eastern mar kets, and It would not' therefore be surprising If North Portland advanced on Monday in ord-er to place Itself more in line with what competitive centers are quotine?. Oeneral hoz market range: Choice lljbt weigbta $ T.4 Good light weight 7.2387 34 Medium welcbt 7.7.1J H.uuu and heavy ft-UOU-j General mutton and lamb range: Cattle Market Weaker. Tinge of weakness as well as dull ness was Indicated by the cattle trade at North Portland for practloally the nUre week. On Monday some extra good stuff sold In the steer division at Ji'.oU for pulp feeding, but nothing above 17.50 is being quoted for the very best grain fed, and noes of this has bn available recently. Total volume of catlle -offerings at North Portland for the week showed a Very smart decrease from the iirevious weik, but even this failed to check the beurishness In the local situation. Ueneral cattle market range: Oolcs polp fed (eer.. .1 7.60 Choice grain fed ateer Oi dinar grain fed ateers Cnolce buy ted steers Good steer Otdlnary to common ateers. Cblc cows Ordinary to common cow.. CLoli heifer Ordinary to good heifer ... Choice bull (mod to fair bull Orilluary to common bulls. Beat light cal re Good cal vea . . 7.4047..' . . 7.40ii;ii . . e.75i; 00 ,. ( lK8l lU .. B.7Jiu1 JO .. 8.MQ3 3 6 23 . . 4 0r.ai.75 .8 754 W . . .oo:; ?4 .. 2.0U(a2.7ri 8.00 7.00(37 Mutton and Xasuabe KJse, Market for mutton and lambs contin ues the absorbing toplo in the local trade. There were generally higher prices quoted for select Quality, lambs advancing a dime 'over last week's ex treme value at 8.35. offerings of mutton and lambs on the open market at North Portland were scant for the six daya While the total run that entered the yards was nearly -'udO head greater than dur ing the previous week, the bulk of the supply came direct to killer from their own feed lots. General situation In th mutton and lamb trade Indicates strength for the coming week. General mutton and lamb range: Choice weight lambs fH.2..4l.S8 Good to common lamb 7.ftO7.7S Poor to fair lambs 7.37.2S t bnlco yearling wethers 7..Vij7 To Good to common yearling 6 TBiJi 00 Old wetbers e.i.'.tja.BO ( tote light ewes ft.BBti4.TS Good to common awes S.ouJd.ia A5IERICAN LIVESTOCK PRIC123 Denver Hogs $7. SB. rVnver, Jan. 29. Cattle None, steady. Hog 100, higher. Top one load ax sold at 7.oB. Shct 200, stssdy. Oman, Hogs 17.71. Omaha. Jan. 29. (I. N. ) Hoe Receipts 74)0, steady. Uesyy $7.BO7.7S; light, ,7.40 &7.70; pigs, S6.BOU7.26; bulk of sales $7.0cU t770. Csttl Receipt 2O0, steady. Nitir ateer X2S(-(fs.75; cow snd belrefs. 5 2Bil7, west ern ateer. td.Otxa7.7B; Texas ateer. IB S0(J 6 HO; docker and feeder. lB.BO(,7 .. Sheep Recti i l 4JLJ. teady. 1 earllngs, .- 4o'ai.40. wsthers, $7.0Vtl7.7B, lnmba, 1U Ulo.ov. Cbloaga Hogs 84.00. Chicago. Jan. .(!. N.'S.) Hog B eelpt. 17.000. U'ij -t yeterday' ayerag. Bulk 87 6B7.B: ufkt. 7.30j7.sA: mixed. $7.r(i.oo; hry. (7 BOtab.UO, rough, 7.bO (J700, pigs, X3.7iae.9U. Cstile 1ieclits JOO, weak. Natlre beef ateer. $0 a0U.7O; western teer. 40 V"d h.lO; cows aud balfsrs, 83.10(8.10; calyea, ;.boiobo. Bbeep Receipt SOOO. wak. Wttnere, I7.EB 4i.oV. lamb. 8.aot 10.7B. SU Laul Uogs 88.18. St. Ixol, Jan. 26. (1. Si. S. ) Hor Re ceipt 1 6 cents higher. 11 f and lights, SU.uottn.OB: ml led snd batchers, 7.S0H.10; good besyy. 8 10s IS. CattM Receipt BOO, steady. NsiIt beef steera, 7.3om. BO; yaarllng ateers and heif ers. IS. Crtxay.AB. cows 8B.BuQ7.uu; Trias snd Indian iteera, tB.2BU7.BO; cows snd heifers. 84 a6.B0; nmtlT calrea, 88.00(3 10. BO. M,t.p Receipts none, nominal. Yearling wsthers. HOoS.ii; laanbe 83000 10. 60; we. 8d.2B4i7.BO. SMttle Begs 07.88. Sesttle. Jsn. 29. (P. N. 8.) Hog Ra cely la ita7, higher. Prime lights, 876B; ns dium to rholia, 87.BO; smooth hesfles, la 7. IB; rough bearlea. AJOj8.Wi pigs, 84-B0 07.1B. Cattle Receipts X steady. Beat steers, 87.7&4J7.SB. medium to cUoiee, 7.aBia70; common to medium, JCy 6.7B; best cows, 83.78 tett.2B: coxuruoa to medium cows, 8J-BOOB, bulls. 83.Bo4i4.60; ralTss, 8B.Btj8.6o. hbeep Receipts none, steady. Lam be 87.23 (j.s, jearllnga. 8-Bo$7 JpO; esree, M-BOS. Today's shipper. Uog Orortr llros.. New Plymouth, Idas. )07; W. t. Parry. Kooakla, Idaho. 6; I. I. Cultwrtaon. Payette, ldaiio, 9s; Rowland S-.a. Suunyaide. 96. Cstile Rowland A Sons, Sunnyslda, 1; Clancy Lewis, Seattle, 1. More Idle Cars. The bulletin of the American Rail way association showed that on Jan uary 1 tiiere was a net surplus of empty freight cars on the lines of the United States and Canada of 48,BSa. Those figures represented sun increase of 8768 cars, compared with December 1. Approximately half of the surplus as of January 1 was on the Pacific Coast and in the Northwest. There was a coal car shortage In the east 1 and Central Freight association ter ritory. Wheat Stocks Famished. Back of th sudden increase in the foreign demand for North American wheats in the last week Is said to be the requisitioning of ships chartered to take wheat from Australia and Ar gentina. Broomhail flooded the trade with theories regarding the prospect ive movement and admits that Europe finds itself face to face with an acute shortage in the cash article. Razor Clam Passing. The demise of the raxorback clam Is a blow to the clam canning Indus try of the Pacific coast, says the Coos Bay Times. Frank Morton declares that the clams are dying out in this section and that the canneries are moving to Alaska all of which will have a decided effect on th price of clams in cans. Foreign Grain (notations. Urerrxl Cash wkeet H4 to 3d tower. Cora ttd higher. London Cargoes oa pscs. wWat 14 to lW fewer. Corn mac M st. IH YARDS UPON A PARITY FINANCE, INDUSTRY AND TRADE REVIEWED Trade Conditions Depeadeat TJpoa Weather. There has been little change In retail and wholesale conditions In this territory In the past week. The weather has helped to retard progress In several Important waya It has kept the women folks in the house and retail business has suffered. It has kept the salesman from covering his territory, fewer orders have come In and shipments have been delayed. It has also made considerable differ ence In collections. There Is the beat sort of confidence prevailing as to the future. Evidence that many orders are awaiting change In the weather are found In the corre spondence of the business houses and in talks with the comparatively few buyers who have come to town in the past week. Activity In Steel to Kelp Douglas Fir. C. F. Carpenter In the Chicago Herald U of the opinion that over activity in steel lines will react favor ably on the placing or orders for Doug las fir. lie says: In consequence of the present rush of orders at the steel mills throughout the country local lumbermen predict an eaceptionclly heavy demand for Douglas fir and southern yellow pine construction timbers to follow the general resumption of building activi ties. It is said permits for frame buildings are numerous and contrac tors are figuring on the material re quired for construction. Otbers also predict heavy gains In the use of wood by the railroads and car shops In the building of freight cars because of present conditions in the steel indus try. Brad street's oa XroeaU Conditions. Bradstreet's Journal, Issued from New York City, yesterday: Wholesale thade has no more than held its own while retail trade, stim ulated by special sales, is only fairly satisfactory. Restaurant business shows Improvement since the closing of saloons. Borne luG.OuO pounds of Oregon wool Is being held in ware houses by growers lor better prices and no contracts are being made for wool on tho back- Loganberry Juice makers nave organised to put the man ufacture and sale' of their product on a more stable basis. There Is a large acreage now In loganberries In this state, and the Industry Is assuming proportions. Wheat trade is heavy buying for foreign account being of large volume There Is also a good eastern demand for this commodity as well as for barley and oats. England continues to be a buyer of everything In salmon snd stocks on the coast are low. The demand for hous is broad and healthy. All lines at the stockyards have been steady with hoes the leading factor. Prices have ad vanced sharply. Collections slow to fair. Xocal Ksilroads Show Big Zacreasea. There Is evidence of the large In crease In business being done by the O.-W. R. & N. railroad in the report of Us November earnings. The gross earnings for November, 1916, were $1, 487,908, an increase of 0208,000 over the same month of 1914. The Increase for the five months of the fiscal year in gross earnings was but S?78.81 S, showing that the Increase In activity Is comparatively recent. The larger share of the increases In revenue is due to freight earnings, which were 3174,1(8 greater than the preceding November, while the passenger earn ings, .by the same comparison. In creased 20,372. The Increase in freight earnings In the one month of Novem ber was greater by $15,000 than the increase for the five months of the fiscal ye: Portland, Spokane fc Seattle Barn tag's Increase. The freight' earnings of the North Bank road for November, 1915. were $50,439 greater than for the preceding November, an Increase of over 19 per cent, and the passenger earnings Increased ISS34, or 0 per cent. The Oregon Trunk line earnings reflect a much better condition of af fairs in Central Oregon this last few months than the corresponding period of 1914. The road earned 06572 more than It did the preceding November, of which $6993 was Increased freight revenue. This Is a betterment of 30 per cent In gross earnings. Bumpter Talley Banlar The gross earnings of the Bumpter Valley railroad for November were $17,294. aa DETAIL IS EXPLAINED BYE Address Made to Class at Eugene by Agency Man ager of Equitable Life. Edgar W. Smith, agency manager of the Kqultahle Uf". addressed the class In life lnsu 1 aj.ee at Buft-ns Thursday night on "Group Insurance." Mr. 8mlth said: "Group Insurance Is eapeclally de signed to meet the apparent demand from employers for some comprehen sive scheme supplying Insurance pro tection to employea Under a group proposition a number of Lives, usually one hundred or more, can le covered undeir one blanket policy. Where the group is acceptable aa a whole, no Individual examinations or Inspections are required. In order to completely cover all employes, the plan takes them all. the old with the young, the weak with the strong, depending up- j on the underlying averages that make 1 insurance possmie au-iut auypiy iib rea son for existence, i "The unit of Insurance Is oeuanv j to Insure each employe for the amount of a year s wax, payable to hi farn ly in event of death; group Insur ance thus takes on the form of a con tinuance of the pay check. "A group policy automatically re eponda to all changes In the units of the grouping. It automatically covers th risk whenever a new employ Is tdded, and Is automatically relieved of risk the Instant of termination of any employe's services. t "Group insurance ! th baslo form of welfare work. It gives each em ploye something which may come in Immediately; therefor covers an Im mediate appeal. The employer views the cost a a small addition to the payroll, but th employ.-vie wJ It, not as an Increase in salary to tht extent of the percentage of the payroll, but as a large death benefit of a year's wage. "Thus viewed economically, an em ployer who increases loyalty and sp p reflation of his mploye adds to tb profits by Increasing afflc4ency. Oroup Insurance promotes persistency of nv ployes and tends to eliminate lnbar trony. ' Th premium f or t Is form of life Insurance is low, .boraus 1t over comes th cononilo.ew-at . In vthat GROUP NSURANCE DGAR SMITH compared with the 123. SI 1 for th pre ceding November, an increase of $48J y or II per cent gala. All but a few " dollars of this was due to larger freight earnings. Passenger earnings -showed a slight loss by the same com panson. , Keoent lacresses U War Tb r press of the past week has recorded -Increases In wages to operatives la - varied line of industries. ' Cotton workers tributary to Dajriel- , son. Conn., numbering 18,000. -iaTl I. been given a 0 per cent Increas. - Coal miners, In the Cumberland. jMtV, district have been given aa lncrsasa A of 2 cents by the ton and; day. workers 10 cents a day. ; ' It is estimated that 1S00 employing concerns of New York state, with ap- ,j proximately 6v0.000 employes, ar pay Ing an average of 11 per cent better than a year ago, according to th e stale Industrial commissioner, snd I f -per cent more workers are employed. -, At Knll Hiver 36.U00 operatives ar affected by a 6 per cent Increase. At New Bedford. Conn.. 32.000 ;eot- . ton mill employes have been given r 6 per cent increase. One thousand glass blowers at Washington. Pa. have been given aa 8 per cent raise. Conductors and motormen Of tn Wllmlnston and Philadelphia Trao- tion company have been given aa ltv m creaSe of 10 per cent, the distrilw tlon ranging from 21 to 24 cents sua 'ft hour, according to the length ol ser vice. Iron and metal producers of th . Reading and Clearfield district of " Pennsylvania will get increase f fective February 1. - t Toledo. Ohio mitten makers hav ff been given an Increase of k to 10 per , cent. . . A raise of t cents an hour has been T given to the motorrnen and con- ' ductorg of the Delaware County and Philadelphia Railway company. From Chester, Pa., comes report f an increase of 10 per cent to (00 n ' ployes of one concern and th same t advance to 1000 employes of a second factory. From Ilolyhoke, Mass.. reports an I Increase of ' per cent to 1300 n . ployes of the American thread com , pany. San Pra&cisco Beserv Bank Vtata meat. Merely nominal are th changas recorded in the statement mad by th Twelfth district federal reserve bank ,r for January 29, compard with on week ago. There Is an Increase shown In gold holdings of $244,000. The rev- -enue producing assets of the bank ar ' $70,000 less than a week ago. Th Z, government deposits have decrase4t 07,261.000. The principal Items In-'! the statement now stand: In gold? redemption fund, $9,811,000; cornraiN clal paper rediscounts, $418,000; bank acceptances, $54.000; member bank .- 'V posits, $17,680,000; government de- ?' posits, $782,000; total federal reserve notes outstanding, $5,722,000; total ' resourcea, $22,664,000. Week Oa th Stock rxchang- Th past week, like Its Immediate prede cessor, was a dull one on the New York stock exchange. Various war the explanations. President Wilson's speech was said to have stimulated, for a time, the trading in war shares Foreign selling was heavy and aoted against the market. The reported Un . up for a wage increase of th railroad, e employes wae a depressing factor. Th v payment of the dividend on United States Steel helped matters for time. Bond sales for the week wr 1 light and the total trading in shares ! was lower than fr -veral weeks past. Z Honey Bates. Money rates at th , principal points were practically un-' " changed during the week. OolUtersl Call Time Oom'L 1. T. - Loans loam Irtac. Exsk. . . Portlsnd 6 uH 6 ft. 1.00 t 0 r 0 t I J3 P d I?oomi S 8 St, . 3.3SP- fcsin Pranciaco. ... e ... e 7 Mt Exebangsj cm London at New Tort Tarke4 ' during lb week between 84 7' to 84.TSU. " Redlacrint rates on the federal reserve bank.'-, st !n Prsccisco reniln uu haugsd. Tee !- . kialug arc the rates st th gWsa nuturltteet u Onmmerelal paper. 1 10 day. 0 per east ' 11-S0 dsys. 8S percent; 81-60 days, 4 per cent; 6190 days, 4S per rest- . i-ieaiock paper, SI -90 daya. S Der sent. Trade scceptance. 1410 djiy. $ nar cawrtt 6190 days. 8S per cent ' . ..imr"llt7 P,ir- 190 re. H per erett ;? 81-Ot) dy. 4 per eent; SI 90 days, 4U M cent. 91 daya-e month. B per eenL , ' Banker arepiana 2 to 4 par enafL r business, namely, Individual -T",lrf Uonsand lapaea. r In one larg group there havfl been X pJd to date sixty-three death ulalma n for insurance, totaling $43,800; Of these sixty-three lives but thlrty-thr 1 carried any insurance whnterer j other ' than that repreaented bv th rmun " certificates, and the total instiraaea " carried personally by these Oiirty three persons amounted to but 113,001. The group plan, therefore, quadrupled "' the protection carried individually by i these thirty-three employes for th bsent of their famillea." ; . r; i . -i- Arjrentlnn Grain Acreage- According to data recently published by the division of rural economy and agricultural statistics of the ministry of agriculture of Argentina, th area sown with wheat, oata, and flsxseed for the 1915-14 crop season Is et- mated as follows: Wheat, 1 $,320,680 ' acrea. and oata. 2.631.858 acre. 1 . ' These flgurea compared with slmt . lar estlmaua of a year ago. indicate -that there la an Increase of t per . . cent In the area sown to wheat, whll In the areaa sown to oata ther Is a decrease of nearlv lo per cent. Europe Mart Baj Wheat. At last the fact that Europe must continue to buy wheat In North Amir. lea has been admitted by BroomhelL. - In his International review be said: " "American supplies are still Wanted - ' and importere are paying high price. Demand will unquestionably continue ' until such tlm as Argentina and Aus tralia can ship freely and under pres ent conditions this possibility s re-' -mote." Brazil Nut Shortage. There ere Indications that tb Crop of Brazil nuts this year will be much smaller than that of last year, a ccord Ing to Folha do Norte, of Para. BraslU Consul Plckerell states that, whll ac curate Information Is not available, a communication from a merchant in th interior of the state to the paper men tioned contains the estimate that th crop will be less than one-half that of laat year. 1 t Overbeck Stottks, Bonds Cotton, Grain, Etc. DIRECT PRIVATE WIRES TO ALL EXCHANGES Members Chicago Board of Trad Correspondents of Logno A Byran Chicago. New Tork. flsVtll Board f rrted IsfldU .-.'4 j -.1 t