THE 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