, fe4
1
THE OREGON DAILY JOURNAL. PORTLAND, THURSDAY
iUARY t 10, 10 10.
HEAT TRADING IS AT A STANDSTILL AT
5 MARKET STRIKES
i
ALL THE LOW SPOTS IN
TRADING OF THE DAY
:ven With Liberal Sales Receivers
Are Unable to Clean Up at Lov
IMces Bein&T Quoted All Sort
of Values in Effect.
Zeg prlee eontino demoralised la the
Front street market, and valoe aeked are
ill far apart, . While some dealers were
king aa'blgb as 85 a doaea from those that
d not read the newspspers . or - oodeTstand
Toe real market, others were freely offering
e t S283 dosed for beat candled etock
During the last 34 boor, and were naable to
In fact the market drop faster than printed
(notation can be changed tbeae darn. Dealer
no shade tbe price- 2e under -established quo
tations in en effort to- clean up and tlien be
: ve they sre'glvlng tSe barer the- beat of it,
l,:id later that they made a-ery good sale,
ud were enable to- get a much for additional
(.uppllea, - -
Lower price bare not enabled .the trade t
r-eaa on its surplus of fresh eggs, In fact
ftie more liberal the sales at tbla time It
mmi tbe- greater atocaa . tbat are carried
or. Leading dealer end tbe day' business
after liberal aales with more ease of egga In
l and than wues tliey atarted,- Tbe trade 1
unsatisfactory i to all tntereat. Everyone 1
."ore." but none are tn a' poltloo to help
themselves. ' It la ft altnatlon shown : every
year at this period of tbe season, but tbe
trade fall o learn tbat all ita worrying baa
tkj effect . whatever upon condition. JSvery
Iroot street handler la doing hi utmost to
)d tbe country shipper in getting . the beat
retarna possible.
V 1
CIIICjaEXS . ARE ARRIVING
Qrilie fatr opplle of chicken are coining
to tbe rkpnt street trade, and tbe market la
tf-IOedly eJr In tone Sales of fancy heavy
lima coctlmis at 10c, bat small birds are
tirsgglug wearily.
POTATO MARKET IS QUIET
Qoiet tone 1 showing la tbe potato market.
No shipping business of Importance V acted
hecause of tbe bad ' Condition of tbe roads.
1 dinners are1 aaid to be asking more than oat
Ida markets are willing to pay.( , . -
DHESSKD HOGS ARE FIRMER
Market for dressed bog is firmer for coun
try killed atoff, with sale reported a high
9Vi10c a pound, with some talk of a
protbl lartber rise. Veal are la liberal
supply, with the market dragging.
CHEESE STOCKS ARE LIMITED
stocks of cheese In tbe local market are
very: limited; in fact a almtlar condition Is
mown . generally along tne coast, A farther
advance in Tillamook prices la expected tbat
will plaee tbe local price somewhat nearer
.Ute parity of tbe eastern stock. (
Gutter situation is good
General batter market sltustlon la ; good.
Not only ta creamery stock showing a favor
able trend, but tbe call for conutry dairy is
very liberal, and In some Instances a , frac
tional advans tn price la noted.
LIIHEF NOTES OP THE TRADE
Hides, wool and mohair strong.
1 tressed tnrkey in excellent call.
- California cauliflower of better quality ar
riving. Strength continue In sugar market,
offerings - of apples greater, with demand
Improved at former price. ;
SHIPPERS- WEATHER i NOTICE
Weather . bureau sends tbe following notice
to shippers?- -
Protect shipments during tbe next 48 boars
a far norUi as Seattle against minimum tent
veraturee of about 40 degrees; northeast to
Spokane, 84 degrees; southeast to Boise, 82
(degrees: ' sooth to Ashland. SS degree. Mini
mum temperature at Portland tonight, about
l degree.. .1 .;,
JOBBING PRlCKat OF PORTLAND
Tena prices are those st which wholesaler
ell to. retailers, except aa otberwtae stated:
Dairy Prodnoa.
" EUTTKtt City creamery cubes, extras,
B2c; firsts, 80c; seconds, 28c; prints and car
tons, extra; country creamery, cubes, 252ttc;
storaae, 2425ct Oregon dairy, lh19c
U U XT K H-A T lortUi ad dsiiTery No. 1 sour
creimy. 82c; No. 2, Soe. '
1-iiO 3 Selling price by dealer unsettled,
delivery extra Selected fresh, 82c per doaen;
case count, Oregon ranch, 30c. -
LIVJs FOILIUY Hens, beary Plymouth
Rock, leeidVic; ordinary chickens, 15c;
ring. lVi to 8 Ib2 16'ffl7c lb.; turkeys.
. .e; dressed fancy, 23(B26c; culls. SO21e;
t geona, 11.23; squabs. 81.20 doaen; geese,
live, lOeiOJio lb.j Pekln ducks, old. 16c lb.;
yaunc and beary, 18c; Indian Banners. 183
Ho lb. . ,
JACK RABBITS Taney. 8l.TSQ8.00 doaen.
C H KESE Selling price FresU Oresua fancy
'i.l cream twins and triplet. 20c per lb.;
Young America. 21c Price to jobbers: Fists,
ji je; 1'ounc America. 20c f. o. b.: cream
i-nult. IhiiWc; Utnberger, 20c lb.
- . rrulta and Vegetablaa.
FRESH FRUITS Oranges, fancy navel,
: j.jn4.2&; banauaa, 5c lb.; lemons, $3.o0a
box; grapefruit, Florida. 84.oOQ5.SO eass;
j ineapples. J8e per lb. r pears, 8l.7St2.O0s
ries. ?c per lb.; tangerines. 81-80 box.
APPLES Local, 8L20Q3 per box. according
to quality. -,;- . . , .
ON IONS Local, $2.00 per cental. asaoclaUoa
eillng price carloads, 82.00 t- o. b. country
fcoints; garlic. 15c lb.
POTATO KH Belling price Local, 81.T5;
TRANSPORTATION
an Francisco
Los Angeles
- CWltboat Ckaaft Bontet
Tli BUT. ' . ' "
t .esjs. ' : - ' , .
t omi ortabla, -
.gntly Appolated,
QolaaT tiamkip '
3 E AVER
C alls From ' aias wonii SoeB
3 P. M., FEB. 12 :
"6 Ooldea 8CU aa OclnmtU Xlv.r.
SatM Zaolad Bertit ud BTsal,
- 'ssm Jd. Mexvioe VlaaxcslUd.
-be Ssn rraaclsco 8 PoxtlasvA 8. a.
a.. Xnlrd tad ' Waabiartosi St a.
, wtli O-V- &. Si ST.Co.) Tel. Broftd.
Vsj . 500. Mil3A, r:;-:'
( ASTORIA SERYICE CHANGE
V Account Ice. In Columbia..
rUr. O-W. B. & N. team
tr. "Harrt Queen" has
?n temporarily withdrawn from
. r.t run to - Astoria. - Until fur
r notice boat leaves Ash street
. i 7:45 a- in. Tuesdays, Thurs
vs and Saturdays; leaves Astoria"
a. m. Mondays., Wednesdays
I Fridays.
- Los Angeles ana mm xuego
a:!Z?S YALE MB HAKYARD ;
road or . any steamer to Ssn Francisco.
, .Uon City. Largest, fastest and the
strictly first-lass psaaenger ships oa
t. Average; speed 1U Dili as an boar.
. i.Ckjo each. ... . .
. i -'awcico. PonTx.Asri u
i... i ABC-ELCS B. 8. CO.
i rsns. boiism,. A-nt.
i;4 1n"'l Su Aisin M. A-4S98
wna D. a u." u. u. b.
Liberal Movement
Of OnionsEeported
From This Section
Confederate Onlbn Growers Ao-
y elation Making Liberal; Ship-;
t . t . meats to Outside- ' , -
'Bather liberal movement of on I one Is re
ported to ovtside point Hf W. I- Swank, sell
ing representative of tbe Confederate Onloa
Orowera aasoclatioa. . , -
Sales by to association continue at $2 per
cental f. o. b. country shipping points.
Wbil it I nnderstoodV that some of tbe
business now naaalna- in the onion market i
for Jnlddie west aceouns Swank refused to
either confirm or deny the reports. "We sen
the onions f. o. b., statlona," , be says, . "and
reany do not rare where tbey go."
Oalifornia is also reported a liberal buyer of
oniona in this section, because of the absence
ef suitable quality borne stock there. British
Columbia is reported one ef tbe most liberal
buyer here; la (act baa bees buying here for
several week.
' Along Front street the price ef onion re
flects mncb atrengta, but wholesale price
continues generally at 2XO a cental for No. 1
Quality offering. -
Sharp Losses Made
Early for Wheat in
The Chicago Mart
Chicago. Feb." "ios--a. N. B. Wheat opened
about 4e higher and tben under pressure of
heavy selling fluctuated to, levels of more than
8e lower, after which a slight recovery; was
posted, sending price oo the upward move.
1 be market in this grain seemed to be healthier
after the large Stocks bad been dumped and
absorption was fairly, good. - "
For several days there has been the danger
of large holdings coming out to menace the
market. There lasappoeed to be. a hlg: ae
cnmnlatloD . of wheat in the southwest, - and
toother heavy movement Is looked for from
tbe northwest.:-. - ---.i .-.i-'-.-
Stronger cables served only temporarily to
check "the decline. Some of tbe biggest houses,
however, were freely predicting that before the
close prices would go higher. Bulla are
cenfident that tbl action only " serves to
strengthen their position for the future.
Liquidation, also was recorded tn corn and
oats, but not to such an extent as In wheat.
Thaee two aralna : exhibit an inoepenaeni
strength on the decline In wheat, althougafl
they almost Immediately reflect advancea In
that grain. ' '
. Corn opened ' about lc up end fluctuating
levels st tbe low were only fractionally under
yesterday's clot e. : Oat reacted even more
than corn, but apeclaliata in tbl stock de
clared that tbe decline wa only, on temporary
technical conditions.
May wheat opened at' 128. dropped to 125
Snd sold up to 126H in the first trading;
uly opened at 121 4. sold down to. 117 and
returned to 120 and better.
Range of Chicago prices furnished by Over
beck Ac Cooke Co., 216-217 Board of Trade
building:-
WHEAT
Open. High. Low. Close.
128. . 128V4 125 : 127V.
.....121 " 12H4 "7 12014
; CdRM
774 77, 76U T74
77 77 70V4 77A
OATS
..... 4SH ; 48 47 H 4S
45
PORK
.....2040 2052 2030 20R2
. ....2055 !2O05 2013 20&
LARO
1025 103O e 1020 . 1O30
.....1040 lo47 1XT7 1045 B
RIBS
.....1115 1130 1110 1130
1182 1145 1127 1146 B
May
July
May.
July
May
July
May
July
May
Julg
May
July
DAIRY PRODUCE ON THE, COAST
San Franc iaco Market.
Sao Francisco, CaU Feb. 10. (U. P.)
Butter Extras, f 32c; prime firsts. 28c;
firsts, 28e.
ggs Extraa, SQlic; pallet, 25c.
Cbeese California fancy, 17c; firsts. 10c
POTATOES 'AJjOXQ THE XOAST
Rw Franclsoo Market.
San Fraaciaco. Feb. . 10. (U. P. PoUtoea
Per cental. Sallnaa, 82(32.10; Salinas
fancy, 82.25; lelta. Il.&oail.75; Oregon,
fl.40L75: sweets, 2.1B25.
Onions Per cental, 82 G2.06.
Chicago Produce Market.
Chicago, Feb. 9. (I. N. 8.) Butter steady;
egga alow. - .. t . -. -
Butter receipts, 5300 tabs; creamery extra..
81c; extra first. 230c; firsts, 2o(U
2bHe; seconds, 24(2 25c; dairies, extra,' 20c;
firsts, 25$20c; aeconds, 2vVi&23Mc; packing
stock, ls20c; ladlea, 2121Hc.
Egga, receipts SO0 esses; firsts, 24c; or
dinary firsts. 23c; miscellaneous lota, 22Q
234c; extra, 80t31c; storage Aprils. ISQlac.
buying price. 8U5QL25 per cental: sweet.
82.75wf8.0O. ;
V LUtlAilla inrnips, si.ou ; Deets, gi.ov
per. sack; i carrot. 1M per sack; paraoipa,
81' sack ;' cabbage, 82.00 vz . cwt.; green
ordoos, 20c per doaen bunches; peppers, bell,
15c;-head lettuce, California, 82.oO.per crate;
celery, California, 84.75; cauliflower. Cali
fornia, 82-25 per crate; kTencb artichokes,
11.40; string beans, 15c; botbouae cucum
bers ( ) ooaen; tomatoes. California ( ;
egg plant, 15c. per . lb.; sprouts, 6c per lesf
cranberries local, 810 JO; eastern, sn.ouQ
U.UO per barrel.
Beats, 'Flab, and Previsions,
DRESSKO JdKATS Selling price Country
killed: Fancy bogs, PHttlOe; poor, 7HC8c:
fancy veals, 12(ul'Mc; ordinary, 11c; pour, 7
ttttc; goats, SVk4c; spring lambs, loc: mut
ton, Cuc lb.
UAM, BACON, ETC ' Hams. 1520c;
breakfast baeou, 1842fec; boiled hama, 2c;
picnic, 10 Vic; cottage roL, 13 fcc: .Oregon ex
ports, U$13c per lb,
OYSTKHS Olyinpla. per gallon, 83; canned
eastern, S5c can, 80.50 aoaen; eastern In shell,
81.&& per 100; raaor clama. 12c doses: east
era oysters, per gallon, solid . pack. S3.O0.
F1SU Dressed tlooudersj 7c; ateelbead aaU
mon. 10412ic; perch, 7USc; lobsters, 26c;
silver smelt, be: aatmoo trout, 124e lb.; ball
tut, 8Hjl2c; Columbia smelt 12y,c; torn cod.
Tc: black baas, 7 Me lb. .
CEABS Large. A(K; medium. 81-60 doses.
Standard, .10)c. .
LA KB Tierces, kettle rendered. ' 13c:
standard. 12c. . '
OTeoertea. -.
SL'GAB Cube, ST. 16; powdered, 7; fruit or
berry, 86.75; beet i ; dry granulated.
80.75; D yellow, J.B5. (Above quouOona are
0 daya net cssh.J
RICS-Wapan style Ne. 2, 4c; New Or
leaus, bead, 54 (iioVje; blue rose, SVsc
SALT Coarse, half grounds, 100s, 810 85
per too; Sue, 811.30; table dairy, 60s, 81;
10. 817.50; bales, 82.25; lump rock, 820 per
ton. .
BKANS Small white. 87.25; large white.
8705; pink. 5.75; limsa, Stf.uu; bayuu. 8S.75;
red, : 8u5o.
Hope. Weel and Hides,
' HOPS Nooilns.1 buying prlc, 1918 crop,
choice, 12$jiUVc lb.; prune, lvwllc; medluoi
to prime, faVc ' - -
HON a; X New. M-28Q3.60' per eaae. V
WOOL Nominal. 1I5 clip; Willamette val
ley, coarse Cotswold. 25t2ac; medium Shron
ahlre. 26Q2ttc; eboica fancy lota. 25c; eastern
Oregon.. 144J22C - '
tUUKS salted bides (28 lbs. and up), lauc
salted stage t50 lbs. and up). U aaUi
kip (15 lbs. to 25 lb.). 15c; salted calf uo
w tMj iua; ini wnl
20c; -dry borsebides. each, fiOcuttl.oO: salt
borsebides. each 82.004f8.0O; boraebatr! 23c
dry sang wool pelts, loc; dry abort wool pelts!
le; dry sheep shearings, each. 10815c: salt
ed abeep sheartnga, each. 15Q25c.
TALLOW No. 1. CfclSc No. a.
CU1TT1M OR CASCABA BARK vtn..
MOuTlRl tie.1" Ul,U, C" toU' 3
. paints and Oils.
LINSEED OIL Raw., bbla.. 86e gallon: ket
tle boiled, bbbv, 88c; raw, caaea.. Wlc; beUed.
cases, ojc gaL; lots of 250 gallons le leaav
COAL OIL. water white, la drums and
Iron barrels, 10c.. . , ; . ,
TCBPENTISB Tank. 7c: eases, 74c gal-"
Ion. 7
WHITE LEAD Ton lots. 84e lb.; 500 lb.
lota, c; less lot a. '9 e per lb.
car,tots.MI&wI;r,0",, toU 34i toa
GASOL1NU Bulk, TjVSe per gallon..
kip (18 lb, to 25 lbs.). 15c; green calf Tub
to 1 lb.). 18c; dry flint hides, 25c; dry
Hint CSl( (un to T IbS.). 27C: dr aalr
inr u
WLi.
CAUSES DULLNESS Ifl
IN mm .MARKETS
Little Doing in the Trade Either
Here or In' CountryOats Bust
, ness With East Is Imagination -
- Barley Strong in Country.
NORTHWEST: GRAIN BEXTEIPTS. -
. ' .. .Car ''
' - Wheat. Barley. Fir. Oata. Hay.
Portland. . Thurs 15 2 S t 2 , 11
Vear ago-.
.. - o a .!' or- i.
9,017 1311'. 1130 - 802 15?i2
13,529 '1521 130 ,1505 1467
Season to date.
Veer ago..
Taeoma, Wed.
Year ago. . . . . .
Season to date.
Year ago......
Seattle, Wed. .
Year t;o. . . .
Seaaoa to date.
Year age......
29
8,717
7.689
5 - 12
4W
447
249 . 1655
463 2415
36 T
6,5. 1065
8,183 V 885
7
J537
1643
7
731
941
31
2971
8367
Severely lower prices werd generally quoted
for wheat at Chicago during tbe moiping, but
spots were uncaangeo ax uverpooi. uucaujr
the msrxet was extremely quiet.
There waa not mucb keenness among buy
er to operate In the country, except at the
lower price range and this did sot meet tbe
views of country bolder. .i
- On the other hand, cooelderabl strength Is
shown in the barley market, despite tbe ship
ment of liberal suppue of California stock
in this direction. - Hum whit barter was re
ported sold to tbe east oa the basis of 832 a
ton, tidewater.
Oat market Is Inclined to remain quiet.
Talk of extreme, bnainess In tbe eaat appears
to be mora In the mind of soma interests than
actual fact, because there wae a severe break
In eastern nrices' daring tbe early day' trad
ing. Offers of the local trade to ceil to -the
east at 828 a too, brought no baying response.
FLOOtt Selling price: Patent, 85.00; Wil
ls if. ette valley, fs.60; local etralght, 85.O0Q
6.40; bakers' local, 85.205.60; Montana spring
wheat, 6.30; exports, $4.90j5.00; "whole
wheat 87.05; graham. AS.SO;, rye flour, 85-93
per barrel. -r -
HAY Boylna- price, WfUamette valley tim
othy, fancy, 816.0O; eastern Oregon. Idaho fan
cy timothy. 818.00; alfalfa, 82o.O0Q21-O0;
vetch and oats, 815.00 16.00; clover, 813.50Q
14.00. - ' .-- r
GRAIN BACKS 1918, nominal: No. 1 Cal
cutta. 1314c la car lots; less amounts higher.
MILLSTUFF Selling price, carload lute;
Bran, $2:1.50; snorts. 826.00.
ROLLED OA'IS 80.504itt.73 bbL
Comparative wheat bids;
TUursday. Yr Ago.
Bloestem , 107 l.MJ
Forty fold 97 154
01nl J- e)a.s 1 w-e-e D4 -' liVft-
Red-Fife , 95 149
Bed Russian- .................... 95; ' 14l
When dilcago closed with a good gain tor
May wheat, the loeal msrxet waa Influenced.
On tbe Portland Merchants Exchange bids for
February wheat were-1 to 2c s bushel higher
than Wednesdsy. No sales.
Februsry oats advanced 25c a ton. with no
sales.
Merchants Exchange February prices:
WHEAT.
Thursday Wed. Tues. Mon.
Bid. Ask Bid -
. 107 J 110 106 107 : 104
Bl western . .
Fortrfold ..
. T t lOO - VO . . WI
. 94 9S 93 : 95
. 95 98 ' 93 i 95
. 95 . 102 93 94
OATS.
95
93
Club
Red Fife
Bed Russian
Feed .......
94
93
2650
2850
2150
.....2675 2775 2650 2650
BARLEY.
.-.290O 3O0O .... 2925
Feed ..
MILLSTUFFS.
Rr,n . 2TJMV 1 "Wl
SBorts ...2350 2550 2323 50 2330
Futures were quoted:
WHEAT.
Bid. Ask.
March bloestem 108 111
Ms roil forty told 98 102
March club 96 99
March red Fife .96 99
March red Bassisn. 96 102
FEED OATS. :
March 2700 2800
FEED BARLEY.
March ...2900 8150
MILLSTUFFS.
March bran .2200 2350
March aborts .....................2375 2000
BANK STATEMENT OP : COAST
Portland Banks.
This week. Year ago.
.....,.t,898.643.41 2.007.554.90
1,663,495.66 1,916,400.98
...... 1.694,655.43 1.8SS.242.49
....... 1,320.989.26 1,885,122.31
Baa ZTaaeisce Banks. ' '
. . . . t. 810,750,176.00
Clear! nes
Monday
Tuesday . .
Wednesday
Thursday .
Clearings .
BeatUs Banks.
Clearing
Balances
...$1,788,180.00
... 211,791.00
..$ ; 825,323.00
95,503.00
Taeoma Banka.
Clearings
Balances
. .i .. . - t-
The Day's Metal Market.
New York. Feb. 10. fl N. s.lLTt-i
steady, 45 b. - s '
lead II rm. s ; spelter firm, 19 b.
Silver 664 a: Mexican dollars. 42:
steady. .
London. Feb. 20. -!.' N. S.V -Tin.
spot, 179, 10s. off 6a; futures, 179,
10a, unchanged. Straights, IS 3, un
changed; sales, 90, Futures, 100 tons.
Silver 27s.
Lead, snot 32. ud Es: futures 31. ISs.
up 5s.
spelter, spot, up X pound.
San Francisco Grain Market.
San Francisco, Feb. 20. Barley calls:
Feb. 10 Feb. 9
t Ooen. Close. Close.
May 140B 142V. A - 141
December ......... ..13248 130A 133
Soot Quotations: Wheat Walla Walla. 81.75
1.77: red Russian, 81.751.77t4: Tnrter
red. 81.87tt4tl.80: bluestem. 81-90jl.95.
Barley reed, S(.02M1-5P brewing, 81-40
Q 1.42 Vs.
JSran X24.50rrt25.60. t - ,
Middling S3031. 00,
Bborts, 825020.00.
San Francisco Wool Market. '
Ban Francisco. i' Feb. 9. (P. N. B. Wool.
per pound, Humboldt and Mendocino, .8
montn7 growth. -214122c: do 12 months 25fi
28c; middle counties, 8 months' growth, good.
llfl9c; do fair, .1517c; Red Bluff .nd vi
clulty, 2023c; southern California fall and
lambs' wool. .. 124415c: Nevada atock. mat
2oc according to quality.
St. Louis, Mo.. Feb. (I. N. S.) -Wool
unchanged... a. ,......
Eastern Barley Markets.
Kansss City. Mo., Feb. 9. (1. N. S.) Bar
ley. 64c . . ,
Chicago, Feb, 9. (1. N. 8.) Barjey steady;
malting, 756j78e. - - - -
New Tork. 5 Feb. 9. (I. N.v S.) Bariey
teady; malting, 82 85c. ......
-.-' wapHSvpHtnaaasesat - v-ir is-
New York Cotton Market.
Open.1 HiKh. Low. Clone.
. 1254 1259 ' 1253 128
January
March
1205
1225
1205
1225
1240
1246
1257.
1198
1215
1231
i:34
.124?
1204
1224
Alar ......
July
October . .
December
1239
1240
1254
1239
1243
1255
'. San Francisco Hops.
" San Fraocleeo. Feb. 9. (I. N. S.)-Hop.
1913 crop, basts per pound, Sacramento val
ley,, 10& 13c; otner sections. lolSc; Oregon.
lvJ12Hc; Washington, 10il8c.. f x - .
. Ne4r Tork Sugar and Coffee. '
New York, Feb. 10. Sugar Centrifugal,
84.83. , .
Coffee Spot New York. No. T Bios. 8He;
No. 4 Santos. 9e. - - .".
Liverpool Cash Wheat. ' "
Uverpooi, Feb. 10. (L N. 8. Wheat
Spot No. 1 Manitoba, lie 7d; Nor 2 bard
winter, new, 13s. 4 d. ' -
' Chicago Cash Wheat Lower.
Chicajto. Feb. 10. Cash wheat
lower.
40
OUTS
NORTHWEST
Eair Activity Now
Shown for , Hops in
- Willamette Valley
Frank S. Johnson Hop , Company,
Takes on a Number of Lots;
. ' THarket Is . Steady. "
L- Fair activity Is showing in tbe loeal bop
traoa wun quotationa ruusg vuuu
12c for extreme quality. The operations if
Frank S. Johnson . Hop company were the
tergect locally daring the last day or so, but
other dealer ' are reported as taking some
applies , at former prices.
- Johnson ' purchased, the Bagley lot of 437
bcia at lulls boro. No price is given, : He
also purchased about 260 bale In tbe Wood-biuyi-MeKee
section. ; Tbe following lot are
reported taken : Lemery. McCormack, KlUen,
Coy. DuBois, Henry Whitney; Lelth and M.
Uermle. Beside tbeae Johnson purchased
sbout a carload from dealera. The Woodbura
McKee lot, were reported taken t Ote 10 a
pound.' , r- ,
' Much Interest 1' shown here la the report
that Durst of California, had sold bis remain
ing 2009 bales to Wolf at 10c a pound. -
A late New York mall advice says of tbe
general trend of tbe trade:
.1 , - Bale.
Receipts for week ..................... . 690
Htceipt since September 1 41.ifc8
Receipts same time last year. .......... 74, ot0
Knvri-ra tn Kirrue for week............ 897
fcxporta from September 1. ........... 21,165
Exports same time last year.........
Imports for week ...................
Imports from September 1. ..........
lu?fiorts mil t i nit, last rear. ....... .
30.726
201
814
15,633
lows oas uvea a uiim iuui w .uuu u, .uo
Interior of New York state and the reported
transactions have been mainly at 12jl5c; of
course, these are tha low and medium grade
hops; fine quality would bring more. Local
Interest bs been small, but in view of tbe re
cent firmnees at primary points, bolder bere
are asking full late price.
English mail advice report more doing
and generally- firmer markets. Beer sales in
the United States for December were 4,299,591
barrels, against 4,102,084 barrels, ame month
last yesr. For tbe year 1913 tbe consumption
totaled 57.800,654 barrels, aa compared with
63,121,008 barrels In 1914, a decrease for 1915
of 5.315,044 barrels."
New York-hop prices per pound:
State, 1915, choice ......24(326
State, 1915, medium to prime. ....... .20$23
State, 1915, common ............. 1 .... .15'sjl8
State, 1914 6Q10
Pacific coast, 1915, choice 15fjl
Pacific coast' 1915, medium to prime.... 1114
Pacific coast, 1914 i&10
Pacific Coast, old olds 64S 7
AMERICAN LIVESTOCK PRICES
Chicago Hogs 88.8714.
" Chicago, Feb. 10. (I. N. S.) Hog fte-cc-ipt
40,000. steady st yesterday's average.
Bulk of sales, 88.13ftiS.30; light, $7.908.3O;
mixed, 8SQ8.35; .lieavy, 8SgtS.37; rough,
888.10; pigs, 80-907.90.
Csttle Receipts 6000, weak. Native beef
ateers, 30.25(9.65; western steers. 88.30HI
S.10; cows and heifers, 83((S: calves, tSJio
115.
Sheep Receipts 16.000, weak. Wethers,
17.608.15; lambs. 88.8o11.35.
Kanias City Hogs, $8.20.
Kansas City, Feb. 10. (I. N. S.) Hog
Receipt 8O0O, higher.' Balk of sales, fTMOrft
8-10; heavy. 88.UOCgi8.20; packers and butch
ers. 87.&5tiS.15; light, 37.o0jiS; pig. 30-25
75.
Cattle Receipts 2500, strong. Prime fed
steers, S8.509.25; dressed beef steers, 87
8.40; western steers, 36.50(8.40; stockers
and feeders, 367.85; . bulla, 35.256.50;
calves, $.50ff810.50.
Sheep Receipts, 6000, steady. Uohi
810.2511; yearlings. 899.75; ' wethers,
87.50Si8.25; ewes, $77.05.
OmahA Hogs 875. .
; Omaha. . Feb. 10. (1. N. S.) Hogs Re
ceipts 20,500. steady. Heavy, 87.757.U5-,
light, 7.1SOiJ.7.S3; pig. - 86XO7.50; biilk
of sales. 87.65(7.85.
Cattle Receipts 4900, steady. Native ateers,
S8.25&S.25; cows snd heifers, $3.35(26.75;
western steers, S67.60; Texas steers, 85.75
6.75; stockers and feedera. 33JK41!70.
Sheep Receipt 11,000, slow. Yearlings,
$a5(&9.25;' wethers, 7((iS; lambs, 10.2i4j
106. ...
Denver Eogs 87,85,
Denver, Feb. IO. Cattle Receipts. 500,
steady. Beef steers, StS.507.5O; 'cows and
heifers, $56.50; atockers and feeders, $5.50
7.25; calves, 8810.
Hogs Receipt 3900. strong. Top, 57.85:
bulk of sales, $7.6047.70.
Sheep Receipts low, steady.
St. Louis Hogs $8.40.
St. Louis, Mo, Feb. 10. I. N. S.) Hogs
Receipts- 16.500, steady.- Pigs and lights, $6.75
(3-8.35: mixed and butchers. SS.05itS.a5: good
heavy, 38-30(88.40. - .
Cattle Receipts 3000. steady. Native beef
steers, 87 .609.50; yearling steers and heifers.
8o.6oSja.3o; cows, aj.aofii; stockers and
feeders, S3.507.25; southern steers, S3.256j
$8.50; cows snd 4ielfers, $46.50; native
calves, $611.50.
Sheep. Receipts 1000, steady. Yearling
wethers, 88&9.50; lambs, $9.50 & 11. 25; ewes,
8657.75. " -
j oeatu nogs ssvda. . .
Seattle. Feb. 10. (P. N. S.) Hogs Re
ceipts 1685, steady. Prime lights, $3.13; me
dium to choice, $8f(f8.10; ' smooth heavies,
$70(37.65; rough heavies, $77.15; pigs,
$77.65. v
Cattle Receipts 2, steady. Beet steers,
$7.75j7.86; medium to ciioice, 37.25(70;
common to medium, $6.50S7: ' best cows,
85.756.25; common to medium cows. 83.50
05; bulls, x3.wxff0.00; carves, 7.aofj?8.b0.
SbeeD Receipts none, steady. Lambs. 88.25
08.35: yearling. 87.50te7.75t ewes. 85.60
6.50. - - -
Today's shippers:
Hoc L. H. Lawson, Barley. Idaho, 1400:
W. A. Powell, Haggart, Idaho, 111; Charles
Cbriston. New Vale, Idaho, 103; W. L. Bish
op, uayton, ur., il.
lvalue v . i.. tsisnop, juayum. ur., 2 neao.
Oregon Apples in South.
San Francisco, Feb. 9. Apples, Oregon and
Washington: Spitzenberg, 31.50&2.5O; Ben
I'svls, $1,15,40; Roman beauties. $1,404
hTgh water cause of
SUSPENDING BUSINESS
Various Departments of the
Woolen' .Mills Are - Shut
Down . During Wednesday,
Oregon -City,- Or., Feb. 9. -The card-
In gy picking and spinning departments
of ths Oregon City Manufacturing com
pany were closed down Wednesday
morning owing- to high water, and at
noon ths spooling and dressing depart
ments were closed, while the other de
partments of. the woolen, mills were,
closed during the afternoon
It Is reported that & horse went over
the falls on Tuesday afternoon, trying
to swim In the swift current, and, was
finally, carried over the cataract, and
disappeared.,
Married at Noon. '. -Oregon
City, Or., Feb. 10 -Tne mar
rtags of Miss Wllllah - Jdhnston of
Clackamas : nd Lloyd Smith .of this
city was solemnized at the parochial
horns of Rev. A. Hillebrand, pastor, of
St.-John's Catholic church, at high
noon today, and after the. marriage
ceremony the- bridal party left for the
home of th. bride's parents, . Mr. and
f-Mrs. Johnston of Clackamas, where a
reception wa held, after which the
bridegroom -and bis : bride left for . a
brief honeymoon, and upon their re
turn, will make this city their future
home. . . - ' . . .
Rebels Take Luchow. -Peking.
Feb. 10. (P. N. S.J Tunnatt
revolutionists have captured Luchow,
Sxechuen - province, ? according to re
ports received hers today.
OREGON
CITY CONCERN
POINTS
:, EJitedky i
fiyrnan.H. Cohn
ALL LIVESTOCK
QUOTED AS
IIogs.Flnd Eager Bids Early at $S
for Quality Stuff Cattle Sltui
ation Uniformly, Favorable i-
Mutton Fails to Arrive..'- ;'
t
. "HOGS BELL AT $8.05. v
H7.-t1. 4t. -.1- M .f.lliin S.t Sg.ttt
at North Portland during tne day, the markef
was established at th high point. This is.
nickel higher thaa, 'Wednesday. . .
-tiTT.icr i.ivtsnw m?NT.
Hogs. Cattle. Calves. Sheet, wi
.... 714 113 - 2tt
Thursday'1',,...
Wednesday ,
....1101
25
4
JLiieeoay
Monday
Saturday .
Friday ...
Week - ago.
Year ago.
. . . , WWl
..... 389
...... 184
790
.....2487
.......ISO
33
44
41?
2w
20
15
153
267
iJ9...
Two years ago.
47T
Three years ago.... 1098
2236
Entire livestock market at North Portlana
la ahowing Intense strength, with early , bids
of 88 for top quality hogs. Four loads came'
forward over night, but were not sold early
because the shippers failed to put their same J
or. tne nuts oz lacuog, ana ownersup was so
question., 4"
However, tbe strong bids of killers indicated
that tbe market continue strong at fuS prices,-'
: General hog market range: . ?
Choice light weights...... ....$7,9038.55
Good light weights 7.?5to7.SO
Medium weights 7H0fl.a.
Rough and heavy ....V. ...... 7 .007.24
-1-.1 m. , t .. rrfl
. VAbbiQ AJLTKSi BUOOg.
Market for cattle is strong at North Por3r
IlxkI. Four loads came forward from the' Mr
terior over night;' and bidding for these wed
aggressiTo si iuii prices, quaucy consiaere(.
Killers "are scouring the -country foe immfi-
diste supplies of cattle, but - tbe axtrefie
weather has made it almost Impossible to make.
General cattle market range;
Choice pulp fed steers. .......... ..$7.60 7. 05
Choice grain fed steers.. v........ - 7.4O?.50'
Ordinary grain fed steer.......... 7.40447,50
Choice hay fed steer.-.........'.. 7.257i,
Uood steers ...........8.757.09
Ordinary to common steers. ....... . 6-004lK
cnoice cows ......................
Ordinary to common cows. ........ 0.00(3
Choice heifers .................... ST7S
Ordinary to a-ood heifers 4.0OaJT7B
Choice bulls 3.754t0,
ooa 10 xair oaii..., .............. a.uwyjt-oj
Ordinary to common bulla.- 2.00feSf3
Best light calves iA
Good calves 7.00 &J
Few Arrivals of Kntton. - '
Few arrivals of mutton or lambs were shl
st North Portland over night. Strength taf 8
market for all offerings u pronounced at i I
advances of yesterday. '
For lambs of quality tbe market Is wt ft
sight of the $9 mark. - and sales within ' a
immediate future, at tbat height would not;, i
at all surprising. '
General mutton and Iamb range:
Choice weight lambs
.$8.758
Good to common lamb ......
Poor to fair lambs -
Choice yearling wethera
Good to common yearllnga. . . .
Old wethers- .,. .
Choice llgbt ewes............
Good to common ewe
8.U08
7.50jf -a
7.007 5
n is
.ooa to
Thursday Livestock Shipper. ; -j
Cattle Pacific Cold Storage Co., Stanflf 9,
4 loads. ... . .. f-T"
Hogs A- J. Grass, Hood River, 1 load ; jr.
E Sarger, Moore. Idaho, 1 load; T. R, Howlit,
Troutdale, 1 load; McMahan Sc From, Halsr,
1 load; F. C. Stewart, Lebanon, 1 load; Ct .
Kb linger, Bourboo, 1 load. " ' i
Mixed stuff Patton & Norwood, HaJseyZl
load bogs and sheep; T. It. Howitt, ' LebaniRi,
1 load cattle and hogs; E. GBrattaln, Bprla' !
field, 1 load cattle, calves jd hogs.
Comparative statement of livestock receipt:
vaiue. uaives.: nogs. Sheev.
Month to date. . - 3U'
7
3.hl2
1.42
&me, 1815..... 2,821
39
82
76
162
9,208
- 8,306
44,200
44.520
7.418
Los,- 1916...,
Vear to date.
St roe, 1915... .
2,454
9.221
16.3
22,1)00
Loss,
1916 2,852
86
820
Sales,
Wednesday Afternoon
HOGS.
No.
46 hogs
VSl bogs
64 hogs
1 ho
12 hog
13 hog
4 hog
Av. lb.
Tei
J?i
... 190
.... 176
... 189
:
".74
......1 270
103
f.43
6.90
6.90
6.75
$7.' 10
. 6.50
6.16
.. lOS
.. 400
STEERS.
5 ateers ......1068
1 steer 7S0
2 steer ..1040
JiEIFERS.
1 heifer 1150
BULLS.
6.75
$4.50
1 bull
1 buU
8 cows
4 cow
1 cow
2 cow
2 cow
.- 1380
1990
COWS.
............. 970
........ ..3. ..1097
- 6.00
B.OO
....1280
.11U5
...1030
Thursday Morning Sales.
HOGS
Ave. lbs.
,.-s.. 190
2o7
243
i.. 163
SSiO
, 200-
..; i. 196
.'. 170
....................... 233
2t2
, 205
217
172
ISO
No.-,
3 bogs
3 hogs
9. bogs
7 hogs
8 bog
75 bogs
67 bogs
17 botn
Z hogs
22 hogs
6 hogs
4 bogs
IO hogs
13 hogs
9 hogs
2 bogs
4 hogs
9 bogs
2b hogo
. Price J
.Kan
Bi)5 L
9.W
eoor
l
2'.. V
' kTo
;
21?
3X!
... iJU
7fiO
845
11S
....ft;
7XO
-8f
.125
Hard" Cider Sale
r
Cost Fine of Fif&l
-0
Oregon City, Or, Feb. 10.' A,lW
Knightly. - arrested last night on r$i
nkv nf ullinr H(lir with a. "Btici, I
- - ' . . . -- tt
in it, was this morning found gulf;
. . . - as tst 4uV A as sttrt as 1
oy a jury, suu w t-"
.... ., , : - ... .- -v- Li
Mariage Licenses Granted, f m
licenses were granted Wednesday-. j
the . following! 1 Wllllah Johnston al. j
Lloyd S. Smith, both of thiaclty; Ali f
Cot fey and Charles Benjamin Knfg!
the latter of 360 Stanton street, J?or
land. ' ' , ' f
. j New War Iirtde.
It has been . found that ' baled h
auhiaoteri to sufficient tension to col 1
press about three times as much hi jL
to a bale as in me orainary oaie 1 v
commerce, is Impenetrable to ahrspjl j
and otner missiles ana isrmi n r
cellent protection - on ths 'lring H 1
when - properly placed - along -1 j
t rencbes. - - Iarge export orders of, ji
for this purpose are reported. '
With - baled hay as a munition i dT
war, what can prevent the farmer, v p
is already a large beneficiary ' of w
European unpleasantness from gri -bias
off profits that will" put him n
a class with ithe record-breaking "w tx
brides" of the stock exchanges ? " W''
.7
i
THE VESTERil FR03DCE C
C. R. Beckley, M. Mattoon, A. H. Ketoo! 1
Snooeaaor to &OODHDE WTatPLE COJ t
Is sow in a eositicn to handle yoor sbipmet k
of HOGS. VXAL. POULTRY, FGG3 and BU- i
TER a s 8 per cent C0KXXSI02fr or tl
make yen a GUA&ASTELD I-a. ICS. If
, 181 Front Street. " H
Telephones: UaxaaaU 1S29. A-4117;. f-
NOW. I
STRONG'
111 nir 1 nnAi iVJinne
ueiereaccs; xvortnwesiern JtstJonsl Hansj '
- - " - ' . "ii"
General Stock List .
Is Well Supported
In N. Y. -Trading
New Tork, Feb. IO. I. N. 8.5 There was
no erldeace of a falling oft la : the opening
market today. . The upward movement seemed
to be well supported. Kalis, as a class, were
hp and stronger la th first trading, v A alight
reaction.- however, shook the list la the first
boar, only to be followed by a recovery move.
men t. , Advances In the metal stocks appear
a be the first evidence of a general return
confidence. - Increased dividend are ex
" iceted and warranted. BnDlsh reports are 00 1
tne indusmaia.
The feature, of th present market seems to
s In that nearly the entire list Is reflecting
the action " ef th leaders. Tbe war stocks
while fluctuating, are holding a better tone
to heavy trading. , Steel was strong in the
opening. Frequent resctions are expected by a
number of the big bouses. - Unless something
of adverse " nature In regard to the foreign
eitnatlou arise. : prediction are betng- made
that this market will remain's trading affair
for some time.
-The - Union Pacific railroad today declared
its regular 2 per cent quarterly dividend on
common stock and its 2 per cent semiannual
dividend on preferred stock. . The Southern Pa.
ciftc declared Its regular Ift per cent dividend,
. The market closed strong.
'Market Is Professional.
(Copyright; 1918,' by the New York Evening
Post.) , ,
" New York. Feb. .10 (C P.) Business on
the stock exchange today was again made up
of - professional activity in Industrial share.
Several of these were bid up violently In the
middle of the day,- and -were then allowed to
relapse with - almost equal violence . In the
cloelng bourrv-lt was, In abort, a purpoaeless
market, - Indicating nothing . except that no
general ' tendency exists foe prices to change
their level .materially, but Instesd, in tem
porary' fluctuations, to go np more easily' than
down.
- The day's net changes were irregular and
unimportant. -- .
- Railway toek were again neglected, and
price variation were alight. There seemed to
be aome- increase in foreign selling, presum
ably of securities held here for European ac
count, Berlin exchange waa lower.
Range of New York price furnished by
Overbeck 4s Cooke Co., 216-217 Board of Trade
building: '
Open. Close.
Alaska Gold ... . .. . .
Alii Chalmers, e....
Allis Chalmers.', pfd..
.. 23V
32
81
. . 7014
.. 6S14
American Beet Sugar...
American Can, c.......
American Can, pfd.....
American Car Fdy., c
American Upttoo OH, c
73
55
American Unseed, e. . .
American Linaeed, pfd
American Loco., c....
43
103
113H
127
50
! 80.
1034
American Smelter, c. ...........
American Smelter, pfdl
American Edgar, - c. . ... .........
American Tel. & Tel
American .Woolen, -c
Anaconda Mining Co............
Atchison,', c. .................. ..
Atcnlsoo, pro. ... . ............... ....
Baldwin Locomotive, c. ........ ..115
Baldwin Locomotive, pfd... .....v
Baltimore & Ohio, e 88'
Bethlehem Steel, c. ..............472
Bethlehem - Steel, pfd , . . . .
Brooklyn Rapid Transit.
Calif. Petroleum, c...... 31
galif. Petroleum, pfd..,. 4T4
anadiaa Pacific. ........... ,.. . ,173
Central Leather, c... ........... . 54
Central Leather, pfd. ............ ... .
Chesapeake & Ohio 63
Chicago Great Western, e..... 13
Chicago at Great Western, pfd.,.. ....
Chicago, 2d. & St. PauJ.......... 96
Chicago 4k N. W e
Chino Copper 56
Colorado Fuel A Iron, e 49
Consolidated Ga.... .135
Corn Product, c...... 23
Corn Products, pfd
Crucible Steel, e 82
Crucible Steel, pfd
Denver aV Rio Grande, e. ......... ....
Denver & Rio Grande, pfd......T ...
Dlstillera 49
Brie, c... 38
Erie, 1st pfd......... 54
General Electric ................ ....
General Motors ................. ....
Goodrich Rubber... 74
G - Northern. Ore Lands 4T
G. Northern, pf... ........122
Guggenheim Bxp. 22
Bide a Leather, pfd............. 51
Ice Securities 28
Illinois Central ....
Industrial Alcohol 152
Inspiration 46
International Harvester
Juterboro, 17
Inter boro, pfd . 74 .
Kansas City Southern, e. ....... ....
Lrckawaana Steel 80
Lehigh Valley 77 .
LouisviUe NashvUle. ....
I Mexican Petroleum .........10s
rumi nnnur ....-374
T R. 4k T., c. ... ............ . ....
M, a. ac pi ...-
Missouri Paci flc
National Lead ..... 71
Nevada Consolidated 18
New Haven SS
New York Air Brake. ...il47 .
New York Central ..106
N. Y., O. s W.
Norfolk a Western, c. ...,. .... ....
Northern Pacific- 114
Pacific Mall 15
Pennsylvania Railway .
People. Gs
Pittsburg Coal, c. .....
Pittsburg Coal, pf . . . .
Pressed Steel Car. c...
Pressed Steel Car, pf..
Bay Con. Copper....
Railway Steel Spring
101
59
25
41
78
needing, c. .................
Reading, lat pf.......... ....
Reading, 2d pf.........
Renubllc I. AS.. C........
64
Republic I, t&, pf..........
Rock Island
Rock Island, pf
Stars. Roebuck Co
Htudebaker, e. ......-.,....
..153
tudebaker, pf . ..............
t ... '
' Knnthern faclftc .....100
kwwm nn.iiipifi ...... ......
Sheffield
!X iiSouthern Railway, c 21
Scotbern Railway, pf .
f Tenn. Copper .Mr....
t Texas Oil
.... 60
..... o
....208
Texas Pacific
Third Avenue
. t
X T.. St. U W.. c
jL?iT., St, L. A W pf
............ I
' Puloa Psei'lcl
TJ. S. Rubber, c. ......
TJ. 8. Rubber, pr......
V. S. Steel Co., e
U. S. Steel Co., pf...
n th ooooer.
1 v irgtms enemies, c.
w II Teleirraoh
Westtngboose Electric...
t Wool worth
Ex.-'dlv. 1 per cent.
fEx.-dlv, .--
Suspect Is Recaptured.
North Yakima. . Wash.. Feb.
IO.'
4 tjnanes wauwr ajivsisu . u.;.'.wicaiiu
. ;jM Juiy i$ur on a charge of
- -&a.a . . . - S
Charles Matney, - arrested in Oregon
5. attlA ; stealinsT ; in . . mis x country - anu
who escaped a few days after neing
placed in the county Jail, here, has
been recaptured in Livingston, Mont.,
and will be brought here.,,. ,
jDlvorces Gallant Spouse.
San Francisco. Feb. 10. (TJ. p.)
Because John Edgar Fish an engineer,
responded - at night to a woman
DERTHICH BROS.
' ISO FRONT STREET.
Wholesale Produce
''- ' . ' : Dealer - j. 1 yy
Will continue the same busi
ness policy and dealings as
obtained prior to the recent
passing of W. M. Derthick.
We wish to thank our 7 pa
trons for past favors and as
sure them of the same high
character of service in the
future. - - -
Financial, Industrial Development
Plenty of Holland Jloney Available for Oregron Farm Loans-t-Of
ferlngs Scarce A. L. Mills on Rural Credit Danka and In
j terest Bittes. '-. ,
Zsstera Oregon Xara Xoans Deslr
aals.' "Thsrs never was a time, so far
as 1 know, says J. liumf eld, resident
manager of ths Mortgage Company of
America, and who loans funds for Hol
land banks, "when the Holland banks
had' so much surplus money, a part of
which they would bs glad to loan with
American farm mortgages as security.
Ths strangest part of ths situation,
however, is that tha banks demand six
per cent Interest for ths uss of their
money. This makes It impossible tor
us to use ths money on farm mort
gages in this country under 7 or 8
per. cent Interest. .Another : unfortun
ate circumstance, however, is that not
withstanding the fact that I can get
all the money I want to use for loan
ing purposes, thers la a scarcity of
good offerings of farm mortgages.
"At ths present time I am looking
for and soliciting loans on central and
eastern Oregon farm lands, mors aen-
I erally than I am from ths Wlllametts
valley . section. I think ths alfalfa
lands, ths dairying ranches, ths hay
ranches, and the wbeatlands ; of that
division of Oregon hold ths steadiest
and sure'st earning possibilities, in an
agricultural way of any. part of Ore
gon. Ths lands are not held at so high
a price, in ths first place; and they are
west of the Cascads range, and in the
better Irrigated sections and developed
dry land sections it is a common thing
to find these farms earning- from 20
to 30 per cent on ths total investment
mads in them. . This, with few excep
tions, is seldom found in ths Willam
ette valley section.
"It is our plan to select those farms
which are yielding from 20 to 30 per
coot on their Investment and to loan
our funds on the basis of 40 per cent
or neir value as farm land, taking the
improvements into consideration, also.
I have loaned a largo amount of Hol
land money on these lands in the past
few years, and have been fortunate in
selecting those which have been
prompt in the payment of their inter
est."
'Long Tims rarm Tosns areeded- A
L. .Mills, president of ths First Na
tional bank, was at his desk on Wed
nesday, for the first time in 10 days.
us has partially recovered from the
effects of falling-into an air shaft in
ins oasement of his son s residence,
"My being laid up is an ant lllus
tratlon of the old adage that It's-an
111 wind tbat does not blow soma good
to somebody. While X suffered severe
pain from wrenching; loose some liga
ments ' in my back, ths redeeming
eaiure aoout my evcciaent;ls tne fact
that my head was clear and X was
able to do a great deal of reading for
which otherwise -1 should not have
found tirfiSp l took ths opportunity la
read over Myron X. Merrick's recent
book on land credit banks and. found it
worth while. - X hops to go over It
again so ' that I may get mors thor-
ougniy into tne aubejet.
- "I am not yet ready to go into an
extended discussion, of Mr. Herrlck's
book or the many suggested plans for
a system of rural credits,'.' added Mr.
Mills. "There Is on , thing that is
needed In the matter of farm loans,
and that is loans extending over a
much longer period of time than It 1
now customary to make them. It is
impossible for a. farmer - to" pay back
the principal on a loan bearing a fair
rauo to ms total .investment, as well
as me interest cnarges, in a period of
from three to five years, it can't be
done. X think, the objection to tha
short term loan Is mors vital to the
interest of the farmer than the lower
rates or interest. , ,
"I am not ready to Indorse the bring
lng into existence of a complex oraan
ization of land banks with a large cap
ital, and & liberally paid official staff.
It is an ; additional clan to load tha
financial situation and the business of
the .country . with another commission.
Ths expense and ths rsd tans will bs a
burden if they are not disastrous tp
"Neither am X of the- opinion that
the . American farmer is constitution
ally or psychologically, if you please,
adapted to the spirit of conformity
which is inherent in cooperative enter,
prises. He Is too strongly individual
lstlo in his ways of doina thlns-a to do
successful team work with his neigh-J
oors. cooperative euterprises have
seldom been successful in this country
along other lines, and it, will be Just
friend's appeal for him to aet as her
escort. "Mrs. Fish was granted a
divorce.
Booth-KeUy Will' Resume.
Eugene, Or, Feb. 10 The . big mill
of the Booth-Kelly Lumber company
will probably resume operations next
Monday, . according v to A. C. Dixon,
manager of the company.
For ' imitating engraving . with a
printing; press an electrical process
has been invented that bakes Into ths
freshly printed ink a powder that
raises it to ths height of engraving.
PORTLAND FIRE RECORD !
Monday.
4:35 p. m.816 West Holland street;
defective flue; no. damage.
' 6:37 p. ra. 763 JSast Burnslde street:
crossed wires; slight damage.'.
aPuesday'.".
g, a. m. L. Cooperstein, 723 .jCast
Seventy-second street north; paint Igniting-
from hot pipe; loss 8600.
11:16 p. m. Lincoln hotel, 80S Mor
rison street;' flue fire; no damage.
' -.. -' . '- Wedaasday. - - ' .
No fires:
- '- . - . . ' - Thnrsday. I-' .
, 2:42 a. m -Mr. Ross Ruber,' 359
Third street; ' drying . wood behind a
stove;'-loss $50. - "
TLief
wck Kfa&adl Email
' of Portland, Orpcon
offers you every facility qf modern bank
ingtiwith courteous and prompt attention
to your needs. . We will appreciate your
account and know that we can be of as
sistance to 'you in business and financial
affairs. . -
Capital end Surplus
as much of an experiment in the case
of the farmer.
"However, X shall be glad to go into
the subject more fully a little later."
Interest Bates Based oa updIt and
PeTfianrt "Lower Interest rates are
desirable, also for ths farmer, but in
terest rates are influenced by supply
and demand Just as much as the sell
ing price of any commodity," added
Mr. Mills. "Low Interest rates Will
follow as ths community becomes mors
fully; developed, and where development-is
uniform over . larger - areas
than can bs found in the Pacific coast
section. Low interest rates are also
affected - by the - demand for money,
the security that Is of feredr and the
ability to pay promptly. It remains to
bs seen whether a uniform Interest rats
for ths entire country can be estab
lished In farm loans or any other
form of borrowing. At present I do
not believe that It can. Local condi
tions are bound to affect the local op
portunities for ths use of money."
German and. Austrian Sxohangs
Higher. -The local banks have all been
advised of a rapid change upward in
the price of Oerman marks and Aus
trian kronen, -but none of them is able
to g-ive a satisfactory account for the
sudden change. The advices were re
celved by wire and the reason for the
change has not yet arrived. Austrian
kronen, which are sold at about 20
cents in normal times, have been sell
ing at 13.38 and are: now quoted IB
cents for largs amounts. Marks, which
are 24 cents normal, have been 'selling
for 1S.75 and are now quoted at 19.60
for large sums.
Annual Statement Canadian Bank of
Commerce. j C. Mai pas, manager of
the Portland branch of the Canadian
Bank of Commerce, received Wednes
day copies of the annual report of the
condition of ths bank and the record
of the proceedings of the annual meet'
lng of stockholders held last month in
Toronto, the home office of the bank.
It is a printed book of 140 pages, and
contains, besides the president's ad
dress to ths stockholders, an address
from the general manager, the detailed
account of the proceedings of the an
nual meeting, a complete survey of
business conditions ss set forth by
the managers of the principal branches
in Canada snd the United States. The
practice of banks issuing to their
shareholders complete-reports on their
affairs is common to Canadian and
European banks but Is not generally
followed by the financial institutions
of this country. .
. Building Operations Besomed--The
placing; of marble and the general con
struction work was resumed on the
First National bank's new building
yesterday, following a delay of several
days due to storm snd weather con
ditions. Owing to the unexpectedly
severe winter and the delays in getting
material progress of the work is con
siderably behind the time schedule
laid out for the erection of the build
ing. Visiting- Bankers John E - DuBols,
president of ths PuBols National bank
of DuBols, Pa, who ie also the main
factor in ths holdings of the DuBols
Lumber company in Tillamook county,
has been in the -city for a few days
and has also been down to the .coast.
F. O. Cooke, assistant cashier of the
Mercantile National bank of San Fran
cisco, who two years ago held a similar
title with the Lumbermens National
bank' of Portland, la in the city on
business for his bank - here and In
Seattle.
6 for your Sav
ings guaranteed
in an investment
secured 'by "first
mortgages into
which yon can
put your savings,
small or large
and get' 6 in
terest. Ask for details and our free
"Better Investments" .
Booklet, :.
BANKERS
MORTGAGE
CORPORATION
Title & Trust Eld".,
Portland, , Or. .
Oversell 11 (hlic Co.
Stecas. Bonds. Cotton, Orals. Sts.
SlS-fl.17 Board of Trade Building.
DIRECT PRIVATE WIRES
TO ALL EXCHANGES
Members Chicago Board of Trade,
-Correspondence of Logan A Bryan,
Chicago. New York,
- - C3,CCD,G00