FOREIGN DEMAND FOR 'CEREALS IS CHINOOK WITHERS THE PRICE FOR EGGS IN IT ST. Market Drops Sharply as JSxpectert and Every Indication Point to Still Greater Declines California 'Stocks Are Heavy Here. EGO THADJt SEXORAXIZZS With enormous receipts the market for ergs W thoroughly demoralised. While the trade la iaril vu asking- S840c sarly is tho day, offers to ull at S7 -vara refused by bnyr and it was forecast that a 8o market weald bo foroed at oaea. A real chJoook bis struck tho ezt Biarkct along tho wholesale way and pricca havo suf fered accordingly. Sales of fresb ranch egg-s were reported along tho street at 38 to 40c a dosen during the morning and there was no telling bow fast the market would drop later. Quite heary receipts of fresh California eggs were due. from the Petalnma district daring the day. These eggs cost 34c io "the south and the freight charges were fractionally more than He a dosen. Therefore cartage be ing figured, it is safe to say that these auii plies did not cost the trade here more than 89c a dozen. That the Portland egg market has been manipulated generally daring the last week Is now openly admitted by leaders of tbi trade. - Hiose that had eastern storage and California eggs were the chief interests in forcing the price here to the highest mark of any market along the coast, a most unnatural condition. Quite liberal stocks of eggs ere carried over from Saturday by Front street and tbesa were being freely offered at the tower prices during the day. ORANGE MARKET IS HIGHER Market for oranges ia showing Its expected advance with a "general rise of 25c a box along the street. Fancy Is quoted at X2.25Q3.25, with standard ranging from 12.25 to 8.00. Higher prices m the south the cause. GASOLINE IS UP A CENT Another advance of lc a gallon in the price of gasoline ia being quoted locally with a sim ilar rise along the coast. Wholesale price ia 15Vjc and the retail price at ltftc Naphtha Is up a similar amount at 16 Vic. WALTER- DERTHICK IS DEAD Walter Derthick of Derthick Bros., the well known commission men of Front street. Is dead after a week's illness. Mr. Derthick. while one of the younger men of the street, had col trol of the dressed mest trade. GOOD CAUUFIiOWER SCARCE Beal good quality cauliflower is very tcarce along Front street and the price ia being held film, although unchanged. Other vegetables are source, but are selling at former prices generally. CHICKEN TRADE HOLDS WELL Trade in the- chicken market along the atieet is holding well st full prices for gual ltv stock. Receipt recently have been below requirements.; All lines of poultry are hold ing steady. ; ' BRIEF NOTES OP THE TRADE All dressed meets steady. Butter market Is firm. Cheese firm st unchanged prices. Sugar market gaining strength. Ouiona ar firmer at S2.SO in a wholesale wsy. Demand for apples better at former prices. SHIPPERS' WEATHER NOTICE Weather bureau sends the following notice t- shippers: Protect shipments during the seat 48 hours ss far north as Seattle against minimum temperatures of about 42 degrees; northeast to Spokane, 32 degrees: southeast to Boise, 32 degrees; south to Ashland, 40 de grees. Minimum temperature at Portland tt night about 42 degrees. - JOBBING PRICES OP PORTLAND These prices are those at which wholesalers sell to retailers, except as otherwise stated: f Dairy Produce. BUTTER City creamery cubes, extras, 82c; firsts, 30c; seconds, 28c; prints snd car tons, extra; country creamery, cubes, 2529c; Storage. 24 25c; Oregon dairy, 184$ 19c. BUTTE UKAT Portland delivery So. 1 Sour crearu, 32c; No. 2, 80c. EGOS Selling price by dealers, delivery extra Selected freh 3840c dozen; -case cvnnt. Oregon ranch, 3738c. LIVE POULTBY Hens, heavy Plymouth Hock. Id's 17c ; ordinary chickens. 13i16c; springs, lHfti- lbs., ia17e per lb.; turkeys, 23c; dressed fancy, 25s2ac; culls. 20021c; pigeons. $11.25; squabs. $1.20 doaen; geese, live. 1010Vc lb.; Pektn ducks, old. 16c lb.; young aud heavy, 18c; Indian Bunners, 13 JACK RABBITS Fancy. 25050c doaen. CHrJE&Er Sibling price Yeu Oregon fancy full cream twins and triplets, 20c per lb.; Young America. 21c. Price to jobbers: Fists, lttc; Young America, 20c f. o. b. ; cream brick, 18$$20c; llmberger, 20c lb. Fruits and Vegetables. FRESH FRUITS Oranges, fancy navel, 2.25&3.25; bananas, 5c lb.; lemous, S3.O0 4.50 box; grapefruit, Florida, S4.50&5.5O case; pineapples,- 7 8c per lb.; pears, $1.75g2.00; grapes, 7c per lb.; tangerines, S1.&0 box. APPLES Local, S1.22 per box, according to quality. ' ONIONS Local, $2.50 per cental, association selling price carloads, $2.00 f . o. !., country points: garlic, 15c lb. POTAIOES Selling price Local Sl.OOQ 2.00; buying price, $1.35 per cental; sweet, $2.753.O0. - VlXiET?ABLES Turnips, $1.00; beets, $1.00 per sack; carrots, $1.00 per sack; paranlps, $1 sack; cabbage, S1.75&2 per cwt.; green onions. 20c per dosen bunches; peppers, bell. 15c; head lettuce. California, $2.50 per crate; celery, California, $4.75; cauliflower, Cali fornia, $2.25 per crate; French artichokes, $1.40; string beans, 15c; hothouse cucum bers ( ) dozen; tomatoes, California ( ); egg plant. 15c per lb.; sprouts-. 8c per lb.; cranberries local. . $10.50; eastern, $11.00 12.00 per barrel. Meats, Fish and Provisions. '- DRESSED MEATS Selling price Country killed: Fancy bogs, 9&9c; poorf 7H8c; fancy veals, 12l2Hc; ordinary, lie; poor, 7 fe8c; goats, 2H4c; spring lamoa, 10c; mut ton, 6 8c lb. HAMS. BACON. ETC. Bam. 15i5I20c? breakfast- bacon, 18ji2Kc; boiled hams. 28c; picnic, 10o: cottage roll. 13 He; Oregon ex ports. Iltgl3c per lb. ' OYSTERS OJympia, per gallon, S3; canned astern. 36c can, $0.60 doaen; eastern in shell, $1.85 per 100; rasor clams, 12 Vac dosen; east ern oysters, per gallon,, solid pack, $3.00. FISH Dressed flounders, 7c; steelhead sal mon, 12c; perch, 78c: lobsters, 25c; ellver smelt 8c; salmon trout, 12Hc lb.; haHbut, H12c; Columbia amelt, 8 0c; torn cod, 7c; black base, 7clb. .. CRABS Ijirge, $2.00; medium, $1.50 doaen, atandard, 1094c. LARD Tierces, kettle rendered, 13c; standard. 12e. Groceries. ''-.' SCO A It Cube, $7.15; powdered, $7; fruit or berry, $6.73: beet ( ); dry. granulated, $0.75; D yellow, S5.85. (Above quotations are SO days net cash.) BICE Japan style No. 2, 44c; New Or leans, bead. 3sVtC; blue rose, Btfre. SALT Coarse, half ground lOOe, $10.55 per ton; 50s. $11 JO; table dairy, 50s, $18; iOs, $17.50; bales, S2.25; lump rock. $20 per ton. BEANS SmsJl white. $7.25; Urge white, $7Jffl- pink. $5.75; llmaa, $8.00; bayou. $0.75; red, $o.S0. Hops, Wool aad Hidss.. ' ?. :i , .HOPS Nominal buying price, 1915 crop, choice. 1212Vdc lb.; priue. 10ailc; medium to prime. 79c - i . - " S2BT N"w' $3.2593JI0 per ease. ; WOOL Nominal, 1913 clip: Willamette val ley, coarse OotawoW. 2SQ28c; medium 8hron- HiDESSslted hldee 25 ttsC and up), l4e; Jlt?,.,5" ,&S 1,f-'.an'1 P. His salted ''.Hi-.!? 25'n)' salted calf up to 15 lbs.), ISc; greea hides (25 lbs. and op). V50lb- " P. ?,p',ll5,J.tfo 25 16e: rre to, XS lbe.)r' 18c; dry Clint sMes, 25c; dry nint ealt (up to f lbs.). 27r dry salt hides, 20c; dry- horsebides, each, 60c$1.00: salt boraehide. each $2.003.00; horsehair, 25c; dry long wool, pelts, l(ic; dry short wool pelts, 12c: dry sheep ah sarin gs, eaeh, lOOioc; aalt- FRO TRADING Farmers, Trying to Force Potatoes to Much Higher Price Front Street Is Generally . Quoting $2, Bat Prodncers Want This Mnch ThemselTes. Farmers are holding' potatoes for extreme prleee at country points and even then It la Impossible at the moment to replenish sup plies atone front afreet. Potatoes arc generally selling at $2 a cental along the street with the market very firm at that extreme. While heavy supplies of Canadian potatoes have been ordered for this market, none have yet arrived. Just when they will come for wsrd depends upon weather conditions, which will make shipping from the north possible. Some of the dealers who were caught short of potatoes and have been forced to- purchase from their more lucky competitors at ex treme values, are spreading the report that there is plenty of stock available on the street, bat this Idea is more of the mind than an actual fact. Front street did not advance the price of potatoea until Its stocks were nearly exhausted. Even then the country ia asking" just as much tor potatoea aa Front street is willing to sell at lust now, therefore the trade figures that It would be foolish to sell at low prleee and the a be compelled to repurchase for more. Chiqago Wheat Has Weaker Start and Lower Price Range Chicago, Feb. 7. (I. N. 8.) Orsin prices were down in the opening pit trading today. Selling was- on an enormous scale and the bulla failed to bold their position against the pressure. It was argued that the market essentially la aa bullish today as at any time during this movement, ' considering that North America of necessity, most be the principal source of supply for some time to come. Today's sales were said to be to a large extent the profit taking on purchases made wben the German note last week .sent prices down only to see them come np on the fol lowing day. in corn, the long interest seemed to be fairly well eliminated with a, large short Interest accumulating. The oats market is scheduled to follow corn. There was a pronounced bearish sentiment today. Liquida tion has been heavy. May wheat opened at 133 and fluctuated to a level about lfec lower. July opened at 1244. The most serious drop during the recent dull movement waa recorded In wheat prices today when closing quotations were posted at 127 for May and 120T tor July, from open ings at 133 and 124 respectively. While corn and bats declined more thhn lc. the trading plane in these two options waa at all times steadier, although not so active. Range beck & building : of Cbloago prices furnished by Over Cooke Co., 210-217 Board of Trade WHEAT Open. High. Low. Close. 133 133 127V4 127 124 4 124 120 120 ; CORN 77 7714 75 75B 77Vi 7714 75 76 OATS 49 49 47 47A 46 40 45 45 B PORK 203O 2040 2013 2032 2036 2045 2026 2037 LARD .,..1002 1012 1000 1006 1020 103O 1020 1022 RIBS 1087 112 1092 1100 1107 1115 1107 1115 A Hay July May July. May July May July May July May July AMERICAN LIVESTOCK PRICES Denver Hogs $7.90. Denver. Feb. 7. Cattle 1200. market slow. Beef steers, $6.50ft7.50; cows and helfera. STi.0O36.23; stockera and feeders. S0.O07.25; catves. S8.0OlO.00. , ( Hogs 2400, higher. Top $7.90; bulk $7.65 7.75. Sheep 800, slow. St. Louis Hogs $8.25. St. Louis, Mo., reb. 7. (1. N. S.) Hogs Receipts 20.000. higher. Plga and lights, le.fKNS8.15; mixed and butchers.. $7.958.20; good heavy, $8.20S.2S. Cattle Receipts 4800, steady. Native beef steers, $7.509.50; yearling steers snd heifers 8.50(g9.35, cows 3.50$7.o0; stackers and feeders. $5.507.25; southern steers, $5.25$? 8.50; cove and heifers, $4.006.50; native calves, $6.0011.50. Sheep Receipts 2.000, steady. Yearling wethers, $S.OO0.50; lambs, $0.0011.10; ewes $0.25(37.50. Kansas City Hogs, $8.50, Kansas City, Feb. 7. (I. N. S. Hog Re ceipts 11,000, steady. Bulk $7.707.95; heavy $7.908.50; packera and butchers. $7.75S.OO; light, $7.O07.9O; pigs. $8.007.00. Cattle Receipts 13.000, lower. Prime fed steers, $3.50(39.25; d reared beef steers. $7.00 8.40; western steers, $6.50&8.50; cows, $4.25 &8.40; western steers. $6.50(8.50; cows $4.28 6.76; heifer. $8.00feS.75; stockera and feed ers, $6.0037.86; bulls, $3.006.50; cslves. $6.50(810.50. Sheep Receipts 9.000. steady. Lsmbs $10.25 10.80; yearlings. $8.769.50; wethers, $7.50 (SS. 25; ewes, $7.00(7 ttS. Omaha Hogs $7. SO. Omaha. Feb. 7 I. N. S. ) Hogs Receipts 13.500, lower. Heavy. $7.60(37.80; light, $7.40 7.70; pigs, $6.5O&7.50; bulk of sales, $7.50 67.63. Cattle Receipts 8.500, stesdy. Native steers $6.25(8.25; cows and heifers, $3.35& 6.75; western steers, $6.007.60; stockers and feeders, $5.507.50. Sheep Receipts 12,500. stesdy. Yearlings, $8.4O9.40; wethers, $5.OO8.00; lambs $10.30 10.80. Seattle Hogs $7.95. Seattle. Wash., Feb. 7. (P. N. S.) Hogs Receipts 1500. steady. Prime light, $7.95; medium to choice, ' $7.75(37-80; amootb heavy $7.457.50; rough heavies, $6.85 6.90; pigs, $6.257.25. Cattle 75, steady. Best steers, $7.75(37-85; medium to choice, $7.3S7.50; common to me dium, $6.O06.75; beat cows, $5.7Tje.25; com mon to medium cows, $3-5O5.00; bulla, $3.50 tjc.50; calves, $5.5068.50. Shee) None, steady. Lambs $7.258.25; yearlings $7.fiO7.75; ewes, $5.506.50. Chicago Hogs $8.15. Chicago, reb. 7. (I. N. 8.) Hogs Receipts 6000, firm. Unchanged to a shade above Sat urday's average. Bulk $7.85(38.10; light, $7.60 08.10; mixed, $7.758.15; heavy, $7.70(38.15; rough. $7.70&T.80; pigs, $6.257.30. Cattle Receipts 21,000. weak. Native beef steers, $6.359.0; western steers. , $6,603 8.15; cows and heifers, $3.15Q8.20; calves, $8.OW311.0O. Sheep Receipts 18,000. weak. Wethers, $7o8.15; lambs, SS.5O011.15. DAIRY PRODUCE ON THE COAST Baa Trsncisos atarkat, San Francisco, CaL. Feb. 7. (TJ. P.) Butter Extras, 30c; prime firsts, 29e; firsts. 1 28c. Eggs Extras. 82C; pullets. 1C. Cheese California fancy. 17c; firsts, 16c. Seattle Markst. Seattle Feb. 7 (TJ. P.) Butter Native Waabington. creamery brick, 84c; - ditto solid pack. 33c. - - Cheese Oregon triplets, 20c; Wisconsin twins. 21c; ditto triplets. 21 e; Washington twins. 19c; Young America. 22c. Eggs-5elect ranch, 46c; April storsgs, 33c Loa Angeles Market. Loa Angeles. CaL, Feb. 7.(P. N. S.) Eggs, case count, 30c. Butter Freah, extras, 34c ed sheep shearings, each. 15Q25&. TALLOW No. J, 55c; No. 2, 425c; grease, 83He. C4I1TT1M OR CASCARA BARK Bnrlng price, per ear lota, ee; tees than, car lota, SVaC MOHAIR 1815, 28c. v jj. ,-, f i- Paintarsjld Oils, ' LINSEED OIL Raw bbla.. 86c gallon; ket tle boiled, bbia.. 88c; raw, cases. 91c; boUed, cases, 93c gaL; lota of 250 gallons le lass. COAL OIL Water white. In drama and Iron barrels, lOc. TCRPKN'TLNK Tanks, 7c; cases. Tie gal lon. v- .- ., - . WHITE liAD Too lota, 8e lb.; 500 lb. JoU,' c; lass lots, Se per lb, - OIL - M EAL Carload. , sots, $34; less) than car lots, $35.50. , ' , . G ASOLLN 1 Bulk, 14c per gallon. , ,' EUROPE AND EAST ARE FOR T CEREALS Abe Oohn, of Northern Grain He "Warehouse Company, "Report Very Good Demand Atlantic ' Coast Shipments Are Heavy. NORTHWEST GRAIN RECEIPTS. Wheat Barley Floor Oats Cars Hay Portland Mot. 1 Year uo. 105 8 ia 2 S 1494 1457 "34 1655 2377 6 19 2967 3311 Season to date. 8,066 . 1304 1111 792. Year ago 13.403 1490 1586 1538 Taaoma Sat Year ago 38 5 13 Season to date. . 5.717 486 .... 249 Year asro 7.602 435 435 Seattle Sat. .. 11 2 1 Year ago S3 16 5 4 Season to date. . 6.629 1065 1535 728 Year ago 6,124 876 1622 922 Abe Cohn ia back and with him comes re ports of the great demand for all Pacific north west cereals from the east. Cohn wss back in his office 'at the Northern Grain A Ware house company for the first . time in a num ber of weeks. He hsa visited practically every part of the United States since his departure 1 rem nere and reports things booming In a cereal way at Atlantic coast ports. Heavy sniDmenta of facirlc northwest wheat are reported from practically all At lantic coast porta and additional chartering la reported every day or so. Oohn reports that hia firm took several ahlps for Atlantic coast loading during the last 48 hours. Not only la there a atrong demand for Pa cific northwest wbaat In Europe and In the eastern states, but the eaat la taking our barley and oats. Conn reports a recent ship ment of a cargo of Pacific 'northwest barley from fhlladelphla. Recent wheat prices have not been satis factory to country Interests and less selling has resulted in the Interior. Broomhall .cabled from Liverpool that the general tone of the wheat trade was firm. but the market waa dull. Weakness In Ameri can cables were of fse by firmer klanltobas and winter offers. Spot,' Arm unchanged to Id higher, with better inquiry for winters. Conti nental buyers are becoming disposed to pur chsse at present levels owing to the disap pointing arrangements for moving Australian and Argentine freely. Freights remain strong, cexgoea irregular. Manitobaa and winters opened lftd lower, later advancing to un changed from Saturday. Plattea unchanged and more steadily held. Argentine weather unsettled with rain In parts. Wheat movement is alow, with farmers still Inclined to bold. FLOUR Selling price: Patent. $5.60; Wil lamette valley, $5.60; local straight, $5.00 5.40; bakers' local, $5.205.60; Montana spring wheat, $6.30; exports, $4,9045.00; whole whest $7.05; graham, $3.80; rye flour, $5.95 per barrel. HAY Buying price. Willamette valley tim othy, fancy, $16.00; eastern Oregon-Idsbo fan cy timothy, $18.00; alfalfa. $20.O021.0O; vetch and oata, $15.00316.0o; clover, $13.50 14 .00. GRAIN SACKS 1916, nominal: No. 1 Cal cutta, 1314c In car lots; less amounts higher. MILLSTUFFS Selling price, carload lots; Bran, $23.50; shorts. $26.00. ROLLED OATS $8,6048.75 bbl. Merchants Exchange comparative prices: Monday Year ago. Bluestem .104 158 Fortyfold 5 157 Club ..93 157 Red fife 94 Red Russian 93 97 With a very sharp decline in the Chicago price at the closing, the market for wheat on the Portland Merchants' Exchange waa, weaker and lower. February bids showed losses of 2c to 4c a bushel from Saturday. No sales. February oats lost 50c a ton and. a similar loss was shown in barley with no sales in either line. Merchants' Exchange February prices: WHEAT. Monday Saturday Bid. Ask. Bid. Ask. Bluestem 104 108 108 111 Fortyfold .- 95 98 97 104 llub 93 95 96 100 Red fife 94 .... 96 .... Red Russian -.93 97 96 OATS. Feed 2650 2750 2700 2800 BARLEY. Feed 2800 3100 2900 3100 MILLSSTUFFS. Bran ...2150 2300 2125 2350 Shorts 2350 2500 2300 2500 Futures were quoted: WHEAT. Bid. Ask. March Bluestem 104 108 March Fortyfold 96 99 March Club 93 96 March Fife 95 March Russian 94 ... FEED OATS. March , 2750 2800 FEED BARLEY. March 2850 S1O0 MILL8TUFFS. March Bran 2150 2350 March Shorts 2350 2525 Midvale Steel Is Buyer of Cambria PhilsdelpMs, Feb. 7. (U, P.) The Mid vale Steel & Ordnance company has pur chased control of the Cambria Steel company, according to official announcement. The Cam bria stock sold st $81 a snare, but the num ber of shares sold was not announced. The announcement followed word that the deal by which the Cambria company was to merge with the Lackawanna Steel and the Youngstown Sheet & Tube companies had been abandoned. Philadelphia. Pa, Feb. 7. (I. N. S.) William H. Donner, prealdent of the Cambria Steel company, today confirmed reported sale of the company to the Midvale Steel & Ord nance company at a price of $81 per share. The deal waa consummated Saturday eve ning, William E. Corey, prealdent of the Mid vale company, Donner and B. T. Stoteebury of the Drexel company, signing the papers. . Issue New Bond Book. The Harris Trust 4k Savings bank of Chi cago has just prepared for free distribution to investors interested in the purchase or sale of railroad bonds, the 1916 edition of Its standard publication, "Railroad Booda." containing In formation valuable for the careful considera tion of railroad bond Investments. All ths principal railroad systems In the country are covered and the information Includes three years comparison of income account, classifi cation of traffic, IO years' dividend reeoru. capitalisation statement, detailed funded debt and similar matter. Buying Stock Cattle. Cbehalla, Wash., Feb. 7. E. B."OonkUn of Ontario, Or., la here and In company with Charles Gesaell. at well known farmer living at -Forest, will ' buy np . 1000 bead of stock cattle for shipment to eastern Oregon ranges. Milton Wheat at f 1. J. H. Piper of Milton has sold the last of hia crab wheat, some 2100 . bushels, to the Peacock Mill company, the consideration be ing $1 per bushel. Liverpool Spot "Wheat. Liverpool, rb. T.(L N. 8.) Wheat spot No. 1 Manitoba, 14s 7d; No. 2 bard winter, new. 13a 4HdV StokV Bo-ads, Oottos,' Oraim, Sta. tlMlT Beard cf Tzd BuOolac. DIRECT PRIVATE WIRES TO ALL EXCHANGES ; Umbra Chlcajta Board of Trad .-- Corraaondenca of Log-ma Bryaa. , JjCaicaaTO. New York. HEAVY BIDDERS NORMS Overbeck & Cooke Co. VERY HEAVY Scarcity of Hides A Strong Factor in The Leather Trade Greatly Increased Demand for Lat. . ter Is Not Filled by Offerings of Former. The condition of the hide aid leather mar ket ia Intensely firm at Atlantic seaboard and this to a direct .aid to the local trade. Offer ing of hldea her bar been not so liberal recently because of the shortage in cattle of ferings and the blockade of the railroad. In the east, the demsnd for hides Is so strong from leather manufacturers ttsat values are being held high with no indications of any Immediate lowering of quotations. The record demsnd for shoes and the nnall neaa of hide offerings to supply this want are causes contributing most to the present strength In the leather trade. A late eastern advice ssys thst packer hldea have started op at a lively pace lately and several falr-alsed lots have been sold. There has been a sentiment among the tan ners for some time that these bides were low la price considering the general activity throughout this snd foreign countries, but their offers did not snow the courage of their ernvidtiona, because bids were a cent or more below quotation. Nothing, however, resulted until the market moved np; then there waa a desira to get under cover before the opportuni ties entirely vanished. , A hundred thousand hides changed hands In quick time and left a chain of thought which stopped all expectation of a further decline until the belligerents turn to peaceful pursuits. Furthermore, while the great nations sre st war, their demands are apt to change market condition any day and rumors of new foreign business ripen Into reality. Even now reports are in circulation that immense orders are about to drop into all American mark eta. If so, hides must feel the Influence of such vast trading and domestic merchant pay the penalty. Sentiment la that tanners have had their op portunity, which few accepted, and now that the tide haa turned, hldea will hold abuttal wnere tney are ngni tnrougn xneir most un favorable season, then If the war la still in progress, prices will tend upward In step with improving values. Trading has been comparatively good for the past 10 days and la expected to increase as spring draws near.' Although the grubbing season is now In full swing, reports regarding the conditions of late pull-offa are more fa vorable than usual. A minimum grub damage la thus far the rule. Weather has been such that other expected conditions, which depress value have made winter hldea more desirable than for several yesrs. Expert opinion is that hides will remain about as now quoted, as stocks are large enough to supply any demand liable to come between now and summer time. Farmers Eefuse to Accept Wheat Cut Walla Walla, Wash., Feb. 7. Because of the slump , In the price offered for wheat, and also because of the wintry weather which has snowbound those holding their last year's crop, the paat week has oeen an uneventful one In local wheat circle. No sales of any consequence have been made, according to the dealers, snd the prospects are poor for activity during the coming week. More than three feet of snow covers the wheat fields of the valley at this time, and already the ground contains more .moisture. It is said, than for a number of seaaons. Farmers sre uneaay lest a audden thaw cause freshets which will do heavy damage to grow ing grain, as well as to summer fallow. Aa the ground is not frosen, it Is expected much of the water, even In seen sn event, would find its way into the soil. Growing grain has been subjected to no frees inj; weather, as during all of the present cold snap there has been a protecting blanket of white upon the fields of this section. BANK STATEMENT OP COAST Portland Banks. This week. Year am Clear! Monday $1,898,643.41 $ 2,007.554.50 San Francisco Banks. Clearings .$10,345,864.00 Seattle Banks. Clearings Balances .$ 2.265,517.00 291.006.00 Tscoma Banks. ' $ 290.61S.00 65.414.00 Clearings Balances Los Angeles Bsnks. $3,751,252.00 Clearings New York Cotton Market. Open. High. Low. Close. . 1235 1238 1235 1238 . 1184 1189 1180 11S4 January March . May . . . 1205 1208 1200 1204 July 1217 1222 214 1216 October 1223 1226 1217 1220 December .... 1233 1236 1232 1233 New York Sugar and Coffee. New York, Feb. 7. Sugar, centrifugal, $4-89. Coffee Spot New York. No. 7 Bio,, 8c; No. 4 Santos. 9c j. i i is mm : r .vim , t,. . vrr' r fe eww ....t. - - ' , m, .sllfiiTT s4A r j -a.- - . , J . ... . . . - - - - T sy. n s-p bsj BEST MARKET IN THE NORTHWEST - ' OUTLET FOR ALASKA AND THE GREAT ORIENT : Prices 15c to 25c higher than any other marjket on the Pacific Coast, because it is the only yard in the United States' not controlled by the trusts. It is clearly to your interest to patronize true competition. NOW tf.f Edit-i by VALLEY HOGS: MOVE 25 CENTS Only One -Io4 " of W1I unette VaUoy Stuff Comes lrward Over Sunday - 'inferior "Cattle Sell at Similar . Rise During Day PORTLAND LIVESTOCK B.TJM. -' Hogs. Cattle. Calves). .Sheep. Monday 79 44. -V .... Saturday 184 ; .. ' .... Friday 790 . i .... Thursday, ,2487 20 28 Wednesday ...... n None Tuesday 190 f 11 . .f .... Week ago ....8179 10O- 8 976 Tear ago 3809 . 1428 3 2995 Two years ago. . .3137 Three years ago.. 1128 931 587 8871 S339 Willamette' valley nog's arc finding guar anteed quotationa of $7.79 In the local, market a sheer advance of 25c over last week' a prices. There waa only one load of;awine la the nog; alleya at North Portland for the day. No shipments came forvrkrd from tne' interior, therefore the extreme quality stuff waa not given a test. General bog market range: Choice light weights 7.7S 7,65 7.50 Good light weights Medium weights Bough and heavy.'. Cattle atarkat Advanced. " Two loads of cattle found their the- Nor Portland yarns over Sua 037.25 ty 7; Into of them being from Idaho. Market for cattle la Intensely fl Willamette valley Inferior quality sol n with : at 25e brought over what the same sort of stuff last week. Top quality ' waa not giva A a test daring the morning but , the sales of .Ite poor atuff at the advance Indicated a nflch fir mer tone. General cattle market range: Choice pulp fed steers -X. Choice grain fed steers . . . .-.-r. , Ordinary grain fed steers..,.. $7 8007.65 7 4037.50 Ty407.50 . 7 25 M 7 .35 unoice nsy iea steers . ay. steers. 000a steers - 6 736j".00 600tC6.50 Ordinary to' common steerw. Choice cows A. , f - 6.75 .... 6.ooaa.5o Ordinary to common cows - Choice heifers 6.75 Ordinary to good heifers............ 4.60Q5.75 Choice bulls W. ......... 8.7594.50 Good to fair bulls 8.00&3.50 Ordinary to common bulla 2.002.75 Best light calves ...vaL.... 8.00 Good calves ?7. . . . T.6OQ7.50 Mutton lUrkei Ia Absent. '. , No supplies st all reached the mutton yard at North Portland over Sunday. Trend of the trade la naturally.'Weryl strong' but aa nothing was available ' price were not given any sort of ' Howerer, the general outlook la for Stronger price. General mutton and lamb range: Choice weight lambs $ 8.55 Good to common lambeX . . . . 1. . . . . 8. 00 8. 35 Poor to fair lambs ......A..... 7.0CH37.23 Choice yearling wethera. .....I.... T.50$7.75 Good to common yearlings. .a 6.75t7.00 Old wethers F....A .656.50 Choice light ewes ? jUS&6.75 Good - to common -ewes. e.(X4io-23 Monday Livestock: Shipper' Hogs load. Cattle load; C, load. Geosge Zimmerman, Yai mi, -Robert H. A- Juntst, GeOathy, Corv Twin- .Fan, 1 a is, tho. Monday Mors&cSalea, STEEBS-i -TAve. Ibr 1242 eaase " 1ja 1005 Basaeeeaee,SL aXl . AAA No. 4 steers 6 steers 25 steers 16 steers 1 steer 4 steers 14 cows . 2 cows . , 1 heifer 70 nogs . 6 hogs . 8 hogs . Price. $7.66 7.15 7.25 6.50 5.00 4.00 $8.15 5.75 ( WW ' .. 850 V .. 670 - ...1333 ; COWS," ..1140 HEIFERS HOGS..1 ...y.....f 830 ' $6.00 ... 174 .... ioa ... 3; $7.50 S.50 e.50 J POTATOES ALONG ..THE COAST San Francisco H .irkst. San Francisco, Cel.. .Jfii 7.- P.) Potatoes Delta, $l,2631.Q0;-per cet al; Idaho rnrals, $l'.5031.65; Idaho irussets. v$1.602: Sslinss. $1.752.15; OrejrXl Burbanl a, Sl.OOfJ 175; sweets, $22.25. ''. Onions Sl.73tt2.25 per- ftotal f . Califor cla from Icehouse; . Oregotf- . (2.30Q' 50. . Seattle X t. Seattle. Wash.,1' Feb. 5," HV. P.) , Onions Oregon, 2c; Yskima, 2' - . Potatoes White rive .' $252K ; Yskima Burbanks, $33635; Yaklm, : $eme $4.2334. Hay Very t farce. Hay ia so scarce In tti Hep'pner country that Phlll Cohn of that lty has shipped In several cars of alfalfa hi.y during the past week which went to local stockmen. Feed Is running shoVt nearly all over the county and a large number of stockmen axe hauling their hay. niinsi nail i " i ii iniiii i Hi I HIGH ER TO $7.75 IN LOCAL ARD V 'lis Firmer Tone Shorn : In Stock Market;; ; Opening Is Higher New , York, Feb. T. !. N. 8.) A firmer market registered st ' top, la Wall a treat today. This andoabtedry was do to the mora peaceful tone of the news developing ever Sunday oa the Tori tenia issue. ' Strong Interests were very bullish on steal, which opened at 83 H against Sunday close at 824, and fax the first selling went to 84. Benewed selling in the rails was accredited to Europe. ' Trading In Crucible, while of heavy volume, waa very confusing. On Saturday It appeared that a distribution of this stock bad taken place, bat today when the weak spots showed, it looked to be accumulated. It was reported In the market that Baldwin earnings are enormooa. This issos waa active aad higher today. The coppers were well traded and maintained a fairly steady posi tion during the early hours. Following are the opening quotations oa some of the active Issues: Range of New York prices famished by Over beck A Cooke Co., 216-217 Board of Trade building: DESCRIPTION Open. Close. Allia. Chalmers, c. American Beet Sugar ABwricanr Can,' c American Car Fdy., c American Cotton Oil. e. ..... Anertca'n Linseed, e American Loco., c American Smelter, e American Sugar, c American' Tel. at Tel American Woolen, c... Anaconda Mining Co Atchboe. c. Baldwin Loco., c. ........... Baltimore a Ohio, c Bethlehem Steel, e Brooklyn Bapld Transit Calif. Petroleum, c Canadian Pacific Central Leather, e Chesapeake a Ohio Chicago a G. W., c Chi., U. a St. P Chi. a n. w.. c Chlno Copper O-l or a do V. a I., c 88 Consolidated Gas Corn Products, e Crucible Steel, c Distillers Erie, c General Electric Goodrich Bobber G. Northern, ore lands G. Northern, lf Guggenheim Exp Hide a Leather Ice Securities- Illinois Central Iidns trial Alcohol Inspiration Ic terboro, e Karaaa City Southern, c... Lackawanna Steel .- Lehigh Valley Mexican Petroleum Miami Copper - Missouri, Kansas A Texas. National Lead Nevada Consolidated New Haven New York Air Brake New York Central Norfolk ft Western, c Northern Pacific Pacific Mall Pennsylvania Hallway Peoples Gas Pittsburg Coal e Pressed Steel Car. e Ray Cons. Copper Railway Steel Springa Beading, e Republic Iron a Steel, c... Rock Island Sears.' Roebuck '&' Co...... Stodebaker, e. . Sloes Sheffield 29 45 .109 . 36tf 6S 24 .152 Southern Pacific . . . . . Southern' Railway, c Tennessee-Copper Texas" Oil' Texas Pacific Third Avenue Toledo, St. L. & W e.. Union Pacific, c United Statea Rubber, c.. United Statea Bteel Co., e. Utah Copper Virginia Chemical, e Western Union Telegraph Westlngbouse Electric . Ex. -dir. 2ft per cent. San Francisco Grain Market. San Francisco, . Feb. 7. Barley calls: February 7 February 5 Open. Close.'' Ckss. May 142 14$ 140B Spot quotations Wheat Walla Walla, $1.82H1.85; Red Russian. $1.80a 1.82 V,; Turkey Red. $U92H1.9S; blneetem. $1,950$. Feed Barley. $1.35; brewing, $1.40v21.42Vi. White oats, Xl.4otqtl.50- Bran, $24.0025.00; middlings, $30031; shorts. $26JK27.00. PORTLAND FIRE RECORD Sunday. '8:39 p. m. Grand avenue bridge; leaking gas; slight damage. 9:03 p. m. 624 East Sixteenth atreet North; clothes too near atove; alight damage. 9:35 p. m. 355 East Twenty-first street North; defective flue; r ight damage. ' Monday. No fires. When writing or .calling oa advertisers, please mention The 'Journal. (Adv. I nfcivum ' i " "i i ' uru i' mm CePAClTY 150 CARS PER Earnlnga of New York National Banks for 1915 Large Comprl- j aon With , Local Conditions Rererslon - Clause in Mortgs j ; Transaction .OvercomeFrench Bankers ; Arrange Bift Loan. 1 - Zarntajra . of ta artrr Mew Tok Baakav The Itrat National bank of New Tort City paid, CO per cent in dividends. It earned 71. per cent on ita capital stock ; 28. per cent on Its urplue, and 4.88 per cent on lta to tal resources. It led all the banks a thle -reapect. The Liberty Na tional bank waa aecond. It earnel 2.S per cent on lta capital; 11 per cent on capital and surplus, and 2.19 per cent on lta - total fund. . The Chatham and Phoenix National bank earned S7.S per cent on Its capital: per cent on its capital and aurplua, anl 3.61 per cent on ita -total fund. The National City of New York earned 24.1 per cent on its capital, lu per cent .on capital, and aurplue. The average earnings of the New Tork City national banks was 21.4 orA. capital. 10.1 on capital and sur plus, and l.SS on totaL Ia the larger eastern cities the banks make a practice of publlshlne their earnings, announcing their divi dends and statins; the transfers and bid and holding- prices for their bank stocks; This practice doea not pre vail ' to any extent In the west and is 'noJt common in Portland. The rea son is ' due principally to the fact that there are very few transfers IB Portland bank stocks, and such ns S3re made are negotiated privately. Neither is banking; the profitable en terprise it is n the larger financial centers. While no details are available, it is doubtful if any bank in Portland paid last year in excess of 14 p4r cent on its capital stock, or an equiv alent of 8 per cent on capital and surplus combined. Last year waa an unprofitable year for the local banks as a general thins, in com pari aon with previous records. The reason New Tork banks found the year no profitable, in spite of the fact that interest returns on money offered through the reneral loan channels, such as commercial paper, time an 1 call money were low, - was because the bs-nks had a great many oppor tunities to participate In large Issues of short time notes on railroads, .n- Tract Is Purcliased, Logging Will Begin Charles X. pamldlng lumber Oo. sTays 55,000,000 Test of Timber in District Back of ConraUis. Within the next 10 days the Charles K. Spaulding Lumber company will begin operations logging in a tract of 65,000.000 feet of timber in the country back of Corv alii a. About 75 men will be employed and the intention Is to ship out about "15 carloads of logs dally to the company's mills. " This tract has just been purchased by the company, which has offices here, one at Salem and another at Newberg, and large bodies of timber back of Black Rock. The timber purchaaed is about 15 miles from Corvallis in the vicinity of Mary's peak, and ia tapped by a log ging railroad that connects with the Corvallis & Eastern railroad three miles west of Philomath and extends into the timber to the bead of Woods creek. The timber and logging road was purchased from the Mary's river Tim ber company and the Alsea Logging company. The project will be operated under the name of Mary's River Log ging company. Coronado Country Club Tennis Opens S is, San TMego, Cat, . Feb. T. (U. P.") With an entry list Including some of the stars of the country and coast, the annual winter tennis tournament at the Coronado Country club opened this morning. The men's and women's singles were played teday. Among the player here or who will arrive Wed nesday are: William M. Johnston, world's champion; Miss Florence Sut ton, Mrs. May Sutton-Bundy. Thomas E. Bundy, Nat R. Browne, George M. Church of New Jersey, Wynn Mace, S. M. Sinsabaugh, John Strachan, Ella Fottrell and Admiral Wlnalow, commander of the Pacific fleet. ' -rt --I in' " - - DAY .Mock Mmms l dastrial corporations, and in t loans made : to - countries, with frori one to two year maturities. Objection to Jteveraloa Clans Cti come. A ccord In g to J. I. Dalm.- pres ident of the Title and Trust com pany, the United Statea Mortgage an X Trust company - of New York, probably- that lawMt concern - In t" United States dealing in -mortgage , bat for the first time accepted a. mortgrage written on residence pre ertyin Portland which is in a r strict ed building district, the cct -for which contains a reversion tUau that if any of the conditions of t.'.s transfer are violated the titla revert to the original grantor. Heretofore deeds containing this ar. I similar clauses have not been ac ceptable to companies doing .a gen eral 'business of dealing in mort gages, because It was maintained 't ti-a actual title could never rea'.: pass - from the , grantor under v- r y sort of a reversion agreement. Ti s objection has been overcome by, mak ing, a supplementary contract wtin the grantor to the effect that In c of the foreclosure of a mortgage he 1 against the property the grantor w... quit claim the title to the forecloter of the mortgage. 7 . . Trench Credit of fl 5, 000,000 Ar rangements have been . made French bankers for another ere 2. of 115.000.000, maturing in - one' ytr an! bearing 6H per cent -Interest. A New York syndicate ooderwrct the loan.' . .' Snsslaa and American Trade "C -Hons.- -The American Russian Cham ber of Commerce has been form in New York City to develop clot? -trade relations with the prlccipj.1 cotr.mercial centers of Russia.' Busi ness concerns which desire to cpi up a line of trade with that coun try will be assisted. The member ship will be composed of leading t--dustrlal and business concerns of thu country. Close affiliation will m h'3 wltn the Chamber of Commer-t of Moscow. ' . Baseball War Ended By Landis Dismiss-! Chicago. Feb. J.i-O. N. &) Federal Judge Landis today dismissed with out prejudice the. suit of the Federal league against organised' baseb&n, Landis' dismissal marks the last phai of the war which raged between tr rival leagues for two seasons. V No Session This Week. , The Commanity Training School ' c f Religious Education meeting Tuesdav evenings at the library, will not ho. 1 a session this week. " Safety and 6 Per Cent ; CONSERVATIVE . investors who : desire the opinion and recommendations of - V experts of well and favorably known 'standing In the ln ; s vestment and fin an- . cial world will find ' information of value in "Better invest, ments," a booklet that ' we wilt mail . free upon request. . . BANKERS MORTGAGE CORPORATION Title & Trust Bldg . Portland, Or - I - v.- t i . t