THE OREGON DAILY JOURNAL, PORTLAND, THURSDAY; DECEMBER 14, 1916.
1 1
rSAWMIl LS REPORT RRFATFR SHORT AfiF IN TRANSPORTATION'
. , . ' - - - . i v mmm m m w - w mm w sv m m , a a
Edited by-
Hymaj H. CobA
ni nil lunirr nnrc
tyUI1:pilLI UULO
'rVfif
-J -.
4V
JJ
a; dime higher for
CARLOAD LOTS
HER
E
'- Price on No. 1 Stock Has Advanced
r . to $2.00 Per Ilundred at Country
" Points by Confederate Associa
.''' lion; Sales at the Rise.
. : The market for ootons U showing an sd-
,', net of 10c per cental at country polota. For
,XUi Ko. -1 atock the Confederals Onion Growers'
association has adrajired the price to t2.HO pr
'ntil, f. . t. country shipping point. No
'J he lb this effect waa cItcii during the dr
., It W. 1. 8wuk, gtneral sales agent of the
. association, -
"'.- 'The silra d- Includes only No. 1 stock be-csa-s
tbere la a shortag of ueh offering
"' "ami a rather sioed shipping demsnd, while for
., o. 2 tnck therg la a good supply aud leaa
'"-' hipping calls -i
t- - According lo Mr. gwsnk. sales of onion In
f carload tots lisve arresdy been msds at the
v suvaurea once. . Tvmie urn ttuuiu iiwi j ot,w
-k tlm shipments are belDg made. It la ander-
stood that ifcwi are solo- to the caat and ceu-
' tral treat.
Along Front street (be market la lomewhat
firmer nd the limited holdings ot No. 1 stock
are being quoted it 2.S5Q3.00 per hundred
. pounds.
KOO MARKET IS WEAKENED
Continued liberal arrivals of egg with ve.'y
V, little local demaud boa further weakened the
trade along ttie (street. Half are atlll being
ntde In a limited way for rate count at
" lit, but the bulk of the atock la niovln-
. artond 85e.
No Orders Arrive
For Hops; Brewers
Not After Supply
' i
Seemingly All Appear, to Have Snf
flcient on Hand and Outlook Is
Not Hopeful for the Future.
Tbere la practically no lidding for hope by
brt-wlng loterenta at aay point In the United
Sir tea at thla time, lteporia receWed by The
Journal from .Now York, California and Wash
ington prdnta Indicate an almost complete stop
page cf trade.
Ho far aa brewers' orders are concerned,
there la practically no hope, at least for the
Immediate future. The only ray of bope, and
that is a rather Indeftute one, la that the
embargo agaluit bop atilpmenls into Kugland
will be llfl.'d after tbe turu of the year.
tirower. wltb ordinary quality all alona;
the coaat are wearieel by the Inactivity of
the market and are wRUna; to accept any
thing atalluble In the way of orders. , On the
other band the few remaining lota of real
good quality are firmly held and coot any
transaction for recent weeka.
A New York mall advice aaya:
LI
UMBER
OD
ERS
AND
CUT SHOW INCREASE;
SHIPMENTS
LIGHTER
'Stocks at Mills Are Increased as
Result of Aggravated Car Short
age; Unshipped Transcontinental
Business Placed at 11,831 Cars.
TURKEY DEMAND SHOWS GOOD
' lTiere la a fairly pood demand tor frenh
' ai rivals of dreaaed .vrkeys along tbe whole
sale way wltb limited arrlvala and sale ot
So I stock at 232Ue a pound. Storage stock
1 not yet morlng.
EMBARGO AGAINST POTATOES
Northern Parlflc railway baa notified tb
lorsl trade against shipment of potatoes on
wkst la called No. 2 option tbe railroad to
protrct the shipment againat cold weather.
No. 1 option la atlll allowable. Thla mean'
that the shipper must take the risk.
If
NO CHANGE IN HIDES HERE
While there la more or less unconfirmed re
ports of weakness aud depression In the east
ern hide msrket, kxnl conditions remain ateady
to firm, with fornur prices atlll lo effect.
It la believed that tbe ttistern weaknesa la but
temporary affair.
BUTTER IS HOLDING STEADY
Batter -market la showing a ateady tone lo
cally. Creamery men report no an r pi as what
ever ot freah atock as the ontput la very
small. Storage atock Is holding rather firm
at former quotations.
BRIEF NOTES OP THE TRADE
Country killed bog and calvea holding firm.
I'otsto market la quiet at former prieea.
Orsnae recelpta are extremely heavy; mar
Let lower.
Jack rabbits are lower wltb heavier offer
ings. .'.
sugar decline of 35c per cental now In effect.
SHIPPERS' WEATHER NOTICE
Weather bureau advises: Protect shipments
durlug tbe next 48 hours aa far north aa Se
at tl againat minimum temperaturea of about
82 degrees; northeaft to Spokane1, 6 degreea;
aontheast lo Boise, 0 degreea; aouth to Aah
lurd. 32 degreea. Minimum temperatnrs at
rortland toulgbt about 32 degreea.
JOBBING PRICES IN PORTLAND
delivery No. 1 aour
1
I
Tbeee price are those st which whnleeslera
eell to retailers, except ss otherwise atated:
Dairy Produce.
' HUTTta Creamery, prints, eitres. 8Sc;
prime firsts. SUc; tlrsta, a6Vc; cubes, lc
less; cartons ic aavunce
bl'T'l ERKAT--Vortlalld
crenoi, Uc; HO. 2, UUv.
E(K4-elllng price: Nominal, case connt,
ltoia7c; 1 buying price, Sa<tv; April storage,
82c.
UVH POULTRY Hens, heavy Plymouth
kvt'k-4. l-"x'; ordlnar- cblckeua 12Htl3Hc;
tags, 11c; brollera, 15c; turkeys, lQ2uc;
ilrr.ed, fancy, 20u; culls. 2Uj21c; auiwbe.
$2.00 doaen; gerse, live, lie per lb.; Pekln
Viiks. young. 17c lb.; Indian Runners, yon Kg,
old duika, 13l-tc; pigeons, 1.00 dozen.
CD KfcSE Selling price: rtesb Oregon fancy
iui' .resm iripu-is, uttc; loang Amen
es. j4iU24V(,c. I'rlce to Jobbers. Flats, 22c;
Young Amv-ra, 23c f. o. b.; cream brick. S7U
28c: Lluburgi-r, 25(tilw; block Swiss, 343Mo.
rruiU and Vegetables.
t FRESH KUlitt Oranea, navel, $2.00(3
Z.2i per boa: bauanaa, iitbe lb.; lemons,
14.0j9.0U; California grapefruit, 2.50f3.00
lorlds,. M.36M4.00; peara. gl.26tai.75.
i BSHiUXS Huckleberries, bai)c; cranber-.-eles,
local, $Jb& box; eaatern. $12012.00.
., APPU Local. I&c4iliO, accurdlog to
quality.
- ONIONS Oregon 1260(33.00 per cental: aa-
soclatlon .aalllug prlco st country polnta, $2.60
per cental.
POTATOES Selling price. New local, f 1.60
.,, 4t 1.7ft. Buying price: Ordinary ahlpping.
' $i.lft; fancy .fl.25iil.40; sweet., No. 1. 3.70.
VSaSTABLGS Turnips. $1.25 rack; carrots,
fl.OO; "nlP. el 25; Oregon cabbage, $2.00
" cwt.; green oulosa, tie doaeu buncbea; oeupeia,
toe lb. t bead lettuce, 1.60iil.75 crate; celery
$4.00 per erate; arttebokea, 80cQ$1.00; cu
.;.ctimbera. ( ; tomatoes. California, $1.60 lug
egg plant, 2uo lb.; string beans, lie lb.; rhu
. bsrb, I) lb.; peaa, 15i20c; cauliflower. Cali
fornia, $1.76(82 00 per crate.
f - VesvU. riah and ProvUlou,
; tUle4. lea boga,: 12ffll2i,e; poor. lOuTi
! beat veala, ,18c; ordinary, ll(ijl2Hc; heavy!
: ton. i10c; beef. 4(ii6c lb. 71 '
J SMOKED MEATS Hama. 2ia24e oer in.
( breakfast beooo. 20Hlc; plcnk-., 14UC- -o.!
, tags roll. 17c; abort clears, f7tt81c Oregon,
I txports, smoked, 20e b.
,' tARDr-ltstUs rendered tiercea, 19'.4c; aUnd
' ard, lc; lard compound, 18 c.
OYSXKHa-Olympla, gallou, $3.25; canned
. eastern, 65c can, $d.90 doaen, eaatern In shell
1.S6 per 100; raaor clams, ( ) .Mr. '
Mlbm - Mn! l.t n, nir I I .
- (tna. V -.'- . .w.
rlSli Ureaaea noanci
Recelpta for week
Kcelpta since September 1.
Kxporla fur week,
Kxporta from September 1..
IK. .
Bales.
. 1.0W7
. 13.8:t8
ltk)
. S.43J
23
CO
Imborts for wee
ItcuorU from September 1....
'llis general altuatiou teems to to so uu
certaln that no on wanta to stock up and
the marketa of tbe country are in a very
dull, unsatisfactory condition. Tbe local po
sition is lust ss lifeless ss the interior. Brew
ers bars pretty good supplies on band and
aliow no disposition to make further purchases
at present. So few state bo pa offering tbat
vcluea are laigely nominal; effort to realise
promptly on even tbe flutat grades, would
necessitate tbe acceptance of lower prices. 1'a
taflc coast hope havo further declined.
New York bop market, per pound:
State. 1918, choice 47 50
State, lttltl, medium to prime 4ut(4d
State, 1U16. common to prime 7(12
1-aclflc coast, JUlti. choice 134fl
I'm. lflc coast, 1V10, inedluoi to prime lld$12
Pacific coast, 1010, common &&10
Pacific coast, lUlo, medium to prime. S4J 9
State and Pacific coaat, old olds 4(j 7
?-
Liverpool Firmness
Boosts Cotton Up
New York, Dec. 14. (1. N. S.) Influenced
by a bullish government consumption report
and firm Liverpool cables, cotton opende
strong today, at an advance of from 19 to 'J6
point.. Trading waa smaller than recently.
Room tradera, Liverpool and commission and
southern bouaea all purcbaaed, while Wall
street, uptown and western Interests snd New
Orleans houses sold. After the call tba de
mand Increased materially, and by the end of
the first 15 ndnutea trading, further price ad
vances of sbout 15 to 20 points wers reported.
The beat prices of the session were made
la tbe hour. The Improvement bad been pre
ceded bjr a break. The close was Irregular
at a net advance of 30 to 40 polnta.
High. Low.
1M0 180.
1870 1S34
1K1 1863
18U5 1ST, 7
10U2 ldtM
Open.
Jannary 1S23
March Fttl
May 175
July 1S7U
October 130
CVa
182S
18t!7
1881
1805
leoo
POTATOES ALONG THE COAST
Seattle Market.
Seattle, Wash., Dec. 14 (U. P.) Onlona
Oregon, aHSc; Yakima, 3Vic.
Potatoes White Hirer. $36; Yakima Gems,
$45; sweets. 8c.
Ban Franolaeo Market.
San Francisco. Dec 14. tU. I'. ) Potatoes
River, $2.00412.25 per cental for choice on
the wbarf: .Salinas, $Z6otf2.60; sweeta.
field. $1.75(32.00; do cellar atock, $2.73(3
8.00; Oregon Burbanka, $2.002.25; I'eta
lunia and Tomalea, $2.00(32.25.
Onlona-7-Callfornia cold atorags. In carload
lota, from tbe Icehouse, $.1.00.
Los Angelas Market.
Los Angeles, Cel., Dec. 14. (P. N. B )
Potatoes Northern, $2. 66 a 2.76 cwt.; Idaho
Kuasets, $2.66(82.70; Lompoc. $3.00(33.10; lo
cal. $2.86(32.40; Oregon Burbanka, $2.6SQ2.70;
aweeta, $2.75 cwt.; ttoc lug.
DAIRY PRODUCE ON THE COAST
Dreaaed flounders. 7c: allrarai. ..i
mon, lac per io.j niwurao, iac; perch, gHc
, tobstsra, )ci silTer smeU c; salmon trout'.
f- 141c per lb.; halibut, 14Q1&C; iturgeoa. 12W
S218c. -
CRABS Large. $1.75: medium. $1.25 dozen.
" - JSCOAR Cubs, $.46 powdered. $8.20; fruit
..or berry. $1.70; Mosoiulu, 7.66; beet, $7 fto-'-4tt
franolsted. $7.70; D yellow, $7.10 (Above
unotatlona are 80 days net eaab.)
HUNK Y New. 3.O0x3.25 per caae
KICK Japaa style, No. 2, 44t; New Or.
leans, bead. 6eie; blue ros?5Uc. W
SALT Coarse, half grounds, 100. $11 Mr
too; 60s, $11.76; table dairy. OOa. $18.00- loo,
fl5i0; bale. $2 25; fane, table and da"?'
$22; lump rock. $ao ton. a,lry
BEANS Small whit. !M4c; large white
FACTS
r SATISFACTION
. WHERE EVERETT IS
Evidently the paving of
Everett street from
Third to Tenth In 1506
.was so satisfactory that
a repeating contract
was awarded for the
Improvement- of the
same street from Twenty-third
to Cornell road
. In '1910wIth the same
' material, that standard
pavement, -e,; v-:
1BITULITHIC
Warren Bros. Co., Jour
- tral Bldf., Portland.
See-ttU Market.
Seattle, Dec. 14. (U. P.) Butter Native
Washington creamery cube, 89c: ditto bTIc,
40c. storage cube, 86c; ditto brick, 36c.
Cneea Oregon tripleta, 2&c; Wisconsin
triplets, 25o; ditto twins. 25c; Young Amer
ica, 25c.
Eggs Select ranch, 40c; freab eastern, BSe;
April storage. 86c.
Baa Fruotaos Market.
San Francisco, Dec. 14. ( V. P.) Butter
Extras, 83Hc; prim firsts, 83c; flrsU,
32C
Eggs Eitraa, 80c; pullets, 86c.
Cheese California fancy, 10c; firsts, 15Hc;
Oregon triplets, fancy, 21 He
Los Angeles Market.
Los Angeles, Dec. 14. (P. N. 8.) Eggs
Case count, 88c.
ButteT Yeh extra. 84c.
PORTLAND DAIRY EXCHANGE
Batter was unchanged. Egga aold weaker,
while, cheese waa ancbanged.
Prices between dealera:
BUTTER
Bid.
Dairy
EGOS
Currents recelpta, sold
CHESSB
Tillamook triplet
Oregon triplets
Ask.
as
23
ss
23
22
New York Metal Market,
New Tork. Dec. 14. (I. N. S.) Metal ex
change prices:
Lead Eaay, $7.60(37.60.
Tin Quiet, 42Hc
Spelter Weak; prime western apot, 10
11c; first quarter, oftc; second quarter, 1UV
(glOHo.
Copper Dull; tint quarter. 83Q.34c;
second quarter. 83c; third quarter, 82
S3c; last. Bltt3Zc.
Money and Exchange.
New York, Dec. 14. (U. P.) Money on
call 4 per cent; 6 mon the, 4H per cent; mer
cantile paper, 4 per cent. Bar silver, Lon
don. 3CSd; bar silver, New York, 75c; de
mand, sterling. 4.75ft.'
Liverpool Cash Wheat.
Liverpool, Dec. 14. (I. N. 8.) Wheat
8pot, dull, unchanged; No. 1 northern Man
itoba. 17 8d: No. 2 bard winter and New
Zealand. 18 lid.
lOJfceplnk. 8e; llmss. Be; bsyoa, 8c;
Hops, Wool and Hid.
HOPS Nominal, buying price, 1010 crop,
ordinary, 74110c; selectsd. UQllHo lb.
WOOL1814 cUp: WlUamstta lley coarse
Couwold. 83; medium Shropshire. 84e; fin.
82c: eaatern Oregon staple. 2CQ25o per lb.;
coarse and medium. 2Ssj22c lb.
HIDF.S Salted bide, va Jim, and op. ISc:
salted stags, 60 lbs. and up, 15c; greea and
salted kip. 15 lbs. to 26 lbs., 20c j green and
aalted calf skins, op to 15 Ibt., jrc; greea
bides, 25 lbs. and op, 17c groan stags, 50 lbs.
snd ap. 18c; Or bides. 81c: dry salt aides,
26c; dry horse "hidee, $1.0OQ2.60; aalt bone
hldea, $3.00B5XIO; bortebair. 2Sc; dry long
wool pelts, 2lc; dry abort wool peMa, 17c; dry
sheep abearllngs, each. lOtjasc; aaltsd aheep
shearllnga, each, 15((J2dc; aalted long wool
pelta, each, $1.00$1.7S; salted short wool
pelta. each, 60cj$l.0o.
TALLOW No. 1, &c; No. S, sc; greaae. oe
pay lb.
CHITTIM OR CASCARA BARK Bdylng
rise, per ear lots, ft fee; leaa thaa car lots.
llOHAtR 101S. 80045c.
SISAL Dark, 14c ib.; white, 14 lb.
faints and Oils,
COAL OIL Water white, in drum and Iron
barrels, 10c.
UNSEED OIL Raw. barrels. $l.o nUon;
kettle boiled, barrels. $1.10; raw. cases,
$1.13; boiled, cases, $L15 gallon; lot of 260
gallon. Ie less. '
TURPENTINE Tsnks. Sic: eases. S0- gat
WHITB LEAD Ton lota. 11 c lb.: 600 tb.
lota. naes learn lota. 12e pe- tt ZV
GASOLINE Basis price. 211 gallon .
OIL MEAL Cau'load lots, Sal; lea Ttbta eu
lOtS, $36.(0.'
. Seed, Buying Price, j (
CT-OVFTt Red, 14c; alalke. 15e per Id.
-TIMOTHY 14244e; domeatlc rys grasa.
8H&4ci tetcb, SViOae; onion, 8e.. -
Lumber orders and production Increased Ufct
week as compared with the previous week.
Shipments were lighter Stocks fct tbe mill
show a proportionate Increase. The balance
of unshipped traaacontlnental rail orders waa
11.831 carloada at 128 mills laat Monday morn
ing, according to tbe weekly trade baroiLeter
of the West Coast Luinbermen'a association.
Normally tbe unshipped balance la about 0000
carloads.
While tbe production of lumber Increased 5
per cent, eoiuimred with tbe previous week,
It is estimated by the association to atlll
be Id. 32 per cent below normal.
Actual output of tbe mills laat week waa
72.S52.033 feet. Tbe 1 rev lone week 134 nulla
produced but 67.503,o40 feet. Tbe only ex
planation offered for. this Increased produc
tion lu the face ot adverse shipping condi
tions, 1 tbat many milla are believed to be
working an accumulation of stock in antlcipa
tlou of an extended holiday close down.
Order exceeded production by 8.98 per cent
and exceeded shipments by 26.S4 per cent. Tne
total volume of new business booked at 128
mills was 80,040,210 feet, aa compared wltb
03,817, 782 feet at 134 lnllli the previous week
From eaatern and middle west markets new
business booked last week waa 2393 carloads
as compared with but 18-M carloads tbe pre
vioua week. In the cargo trade order wjere
12,b42,B58 feet, as against 11,870,738 feet tbe
previous week. Local buaiuesa booked last
weeJp amounted to 7,S72,W feet, aa compared
S1U1 a.Afl.Wd A L IUI lilt pm.TUlUJf WKCK. 1 gyjla
la tbe cvgo trade export orders increased ! -aTe
irom z, ita.ww teei to o,o,wv teei. vxssi
wlse domestic orders decreaaed about 8,000.000
feet. The unahipped balances in tbe cargo
trade last Monday morning amounted to 61,
40S.647 feet for coastwise delivery and 60,
443,832 feet for offshore delivery.
shipments by rail lait week amounted to
17103 carloads aa against 1433 carloads the
previous week . Cargo shipments decreased
from 20,868,240 feet to S,73ti,73i feet.
Top Lambs Move to
$9.75 in Yards but
None Are Offering
Extreme Quality Stuff Absent With
Demand Showing Good; Prime
Beef Steers Hold Firmer.
PORTLAND LIVESTOCK RUN.
Hogs. Cattle. Calves. Sbeep.
Thursday M4 55
Wednesday 203 7 1 12S5
Tuesday 785 1 ... 2
Monday 4032 f75 ,11. 4
Saturday 82 3 1 10
Friday 1770 189 20 72
Week ago 443 lis 3 123
Year aco mJ7 2 1113
Two years ago 424 2 7
Three yeara ago... 778 158 00
Excellent tone bt showing sll through the
livestock trade, wltb only nominal recelpta at
North Portland over tilsht.
Situation in the mutton and lamb trade li
Intensely firm. Wbile tbere have been no ar
rivals to test quotations here for extreme top
quality, tbe local trade during tbe day ad
vanced the price of east of the mountain
lambs to 48.75, which Is 15c better than any
recent price received at North Portland.
ieoeral mutton and lama market:
Best east of mountain lamba $ ft-75
Best valley lamba 8-60
Yearling wethers 8.00(88.50
Ewe 6.007.0O
UoaU 6-25
Poor Cattle Coining.
Only poor atuff waa among tbe limited ar
rivals ot cattle at North Portland over night.
Trend of tbe market for real good prims beef
la excellent, tbe demand being good, but noth
ing available wltb which to fill It.
Practically all the recent arrivals kave been
of poor quality, which have gone to botchere
ai low prices, but, quality considered, are
relatively high.
General cattle market ranee:
Beat beef steer
ARG
ENTiNA CROP IS
shape wm
BAD
BIG
LOSS
RD
Wheat Market Situation Is Very
Favorable Considering Political
Events in Europe; London and
Liverpool Hold Unchanged.
NORTHWEST GRAIN RECEIPTS.
Good beef atcera..
Best beef cows ..
Ordinary to good .
Best heifers
Trading in Wheat
Starts Light but
Rallies Slightly
By Joseph F. Prlchard.
Chicago. Dec. 14. (I. N. 8.) Wheat closed
wltb losaea ot ',4 to 1VC. but showed reactions
and advances from the bottom prieea of 1
1 cents. There were no sales of wbest re
ported on exxort sccount. Cash sales here
were 20.000 bushels wheat. 15,000 buabels corn
aud OO.OuO bushels of cats.
Tbere was little change In coarse grain
prices for the day. corn closing unchanged to
4.c higher to c lower, aud oata were un
changed to Hf(tc higher.
Ribs were unchanged, pork 15Q17Hc higher,
and lard 5ei2Ho lower.
Chicago, Dec. 14. (I. N. S.) Trading In
wheat was light today, buying by bouses with
seaboard connection being tbe only feature.
Prieea opened He higher to c lower, but all
offerings were absorbed and a sharp fractional
rally followed.
Corn opened at a decline of H4XHe, but
trtde waa not heavy.
Oats wer Vt&Mfi up at tbe atart.
Provisions were virtually unchanged.
Range of Chicago prices furnished by United
Press:
WHEAT.
. .$7.60(37.55
. . .5tft(7.i0
.. 5.75a 25
. . 5.25H5 50
, . 6 008.25
3.25SI5.00
6.O0 rt 7.O0
4. 00(9 6. 00
8.00 (fto.tX)
Open. High. Low. Close.
December 1534 164', 152H 153U
Msy 167 lf8 1 65 106
July 144 144 1414 142
CORN.
December SOW &9 MV4 Boat
May 81 81 80 91 v
July 81 91 89 90
OATS.
December 60 0 40 4
May 64 64 t 634 68
July 61 61 14 60 60
PORK.
January 2GS5 2687 2685 2685
May 2030 2045 2120 2632
LARD.
December 1670 1675 19T0 1950
January 1602 1612 1585 1587
May 1605 1017 1600 1600
RIBS.
January lSHo 1305 1385 1385
May 1422 1427 1425 1425
AMERICAN LIVESTOCK PRICES
Chicago Hoga $10.10.
Chicago. Dec. 14. II. N. 8.) Hoga Re
cclptst 48,000, strong. Mixed and butchers, $9.20
10.05 : god heavy, u.ik( rougb heavy.
$0.559.80: light, $8.909.80; pigs. $7.15
8.65; bulk. $9.50S10.00.
Cattle Recelpta 10.000. weak. Beeves, $9.50
a 12.30; cows and belters. g3.S5S10.25; atock
era and feeders. $8.40(310.75; Texana, $7.25
(BO. 85; calves, $10.60(312.00.
Bheep Receipts 16,000, steady. Native and
western, $4.75(311.00; lambs, $8.75(313.25.
Bt. Louis Hogs $10.10.
St. Louis. Mo., Dec. 14. (I.. N. 8.) Csttls
Receipt 50OO, Including 700 southerns, ateady.
Native beef steers, $7.50(312.60; yearling steers
and betters, $7.50311 .60; cows, $5.50ig8.50:
stoekers and feeders, $5.30(37.75; calves, $6.00
4212.00; Texas ateera. $5.60(38.00; prime
southerns, $S.0oi29.00; beef cqsra and heifers.
$4.507.50; prime yearlings and aouthern
steers, $7.50311.00.
Hoga Receipts 16.000, ateady to weak.
Mixed. $8,456(10.05: good. $10.X3 10.10;
rough. $0.23&9.40; lights. $9.409.90; pigs,
$S.OO.0O; bulk,$8.55(U8.95.
Sheep Recelpta 2200. ateady. Ewes, $5.00$
8.75: yearlings, $U. 50(311. 25; lamba, $8.00&
13.25.
Seattle Hoga $10.16.
Seattle, Waeh., Dec. 14. (P. N. 8.) Hoc
Recelpta 381, steady. Prime lights $10
10.15; medium to cboic. $9.769.ft5; smooth
htsvles, $8.25(38.60; rough beavlea, $8.75 (t,
9.15; pigs, $8.23.15.
Cattle Recelpta 19, higher. Beat ateera.
$7.507.75; medium to choice, $7.00(37.25;
common to medium, $5.5036.76; beat cowrs,
$e.506.75; common to medium cow. $4,503
6.73; bull. $3.5004.75; calve, $7.008.5O.
Sheep Receipts none, strong. Lambs, $8.50
09.60; yearlings, $7.009T.S0; ewes, $3.00 Q
0.50; wetbera, $6.50&7.5f.
Xaaaaa City Hoga $10.10.
Kansaa City, Mo., Dec. 14. I. N. S.) Cat
tic Receipts 3000, steady to stronger. Steers
$9.00611.50; cows aud heifers, $4.0010.50;
stoekers and feedera, $5.00g8.50; calvea, $6.00
tj 11.00.
Hogs Receipt 9000, S310c higher. Top,
$10.10; bulk, f9.504ilO.06: heavy, $9.85
10.10; medium, $9.b0410.03; lights, $9.30y
9.85.
. Sheep Receipt 7500. strong to 10c higher.
Lamb. $10 18; ewes, $S.0OJ8.60; wethers,
$s.ooeoo,
Denver Hogs' $9.$0.
Denver, Dec. 14. (U. P.) Cattle Receipts
1800. 10c lower. Steers. $6.509.00; cows and
heifers, $5.6037.00; atockers and feeder $5.7."
08.80; calvea, $80010.00
Hoga Recelpta low), strong. Top, $0.90;
bulk. $0.40(39.70.
Sheep RoceipU 2800, atrong. Ewe. $7,609
8-10; lambs, $12.00 12. 40.
Omaha Hogs $9.7$.
Omaha. Dec 14. (I. N. S.) Cattle Re
ceipts 4300, stegdy. Beeves, $8.60U.50,
cews sad heifers; $4.50 137. 65; stoekers and
feedera, $5.758.25; weo terns. $7.739.00;
rrlves. $8.00110.00.
Hogs Receipts 14.800; steady. Good and
choice heavy, $9.709.75; rough teavy, $9.55
439.70: mixed snd butchers. $9.4009.80: light
$J.10C9.75; pigs. $7.009.00; bulk. $8.40
9.70.
8heep Receipts SOOO, firm. Tesrllng. $8.50
B 10.50; feeders, $7.008.00; Umbs, $12.0CQ
13.00.
San Francisco Grata Market,
Saa Francisco, Dec.' 14. Barley calls-.
Dec 14 Dee. J3
Open. . Cloae. Close.
TVcember 220A 230A 216B
May ... 228A ' 226V A 227V,
Spot rraotaUona: Wheat Walua Walla.
$702172; red Rnoalaa, $167Hfa2.T0; Tur
key red. $2-80iX82; . bioeetem. SXSOQ
Feed-Barlcy; ' $2.20; white oats, ; $2.00t
2.02 r bran, $28.0041 30.00; middlings, $37.00
Q38.00! ahorU, $32.00(338.00. - - .-
ves
Stocker-feeder steers
Stocker-feeder cows
Hog Market About Steady.
Situation In the swine trade at North Port
land was Just about ateady for the day. Tbere
was a email run ever night, and It consisted
principally of ordinary to poor quality. Bulk
of sale are quoted around $8.60. with a small
supply around (.9.65. although tops would com
mand on this basis $9.75.
General hog market price range:
Prime light $9.5039.H
Prime heavy 8.60(39.73
Mixed lots 8.25i9.30
Bulk of salea 8.60
Thursday Livestock Bhlppera.
Hogs McMahan & Frum, HaUey. 1 load;
Bout at bnodgraas, Lebanou, 1 load; M. D.
Wheeler, 1 load; J. E. Parrlah. West Sclo. 1
load.
Cattle J. C. Brown, Kalama, Wash., 1 load;
F. Mayfield. Beaver Creek, 1 load.
Mixed stuff W. Olvens, Estacada, 1 load
cattle and hoga.
Livestock receipts at North Portland:
Hotrs. Cattle. Calvea. Sheen.
143 17.162 a.ttsu
87 27,370 5,183
Month to date 3,816
Same 1815... 3.349
Gain 1916... 467
I .oss 1916
IT to date.. 75.028
Same 1815. . .70.808
56
44J0
2U28
Oain 1916...
Los 1816. . .
2.120 1831
10,188
304,251
281,142
22,709
1.284
163.488
188,717
26,228
Thursday Morning Salea.
STEERS.
1 steer ..
1 steer . .
2 steer .
7 steers
2 ateer
0 ateer
No.
1 cow
2 cows
1 cow . . .
2 cows .
1 cow . . ,
1 cow . . ,
1 cow . . .
1 cow
1 cow .,
1 cow . .
2 heifers
1 heifer
6 belfers
1 heifer
2 belfers
COWS.
HEIFERS.
BULLS.
8 lulu
1 buck abeep
71 hogs
1 bog .
5 hogs
7 nog
2 boga
10 bogs .
1 hog .
1 bog .
6 hogs
11 boga
is hoga
lo hoga
3 hoc
15 bogs
1 hog .
17 bogs
14 bogs
22 hogs
6 bogs
5 bogs
80 hogs
28 hogs
4 hogs
2 hogs
4 bogs
BUCK SHEEP,
HOGS.
.. 1000 $5.25
. . 825 5.25
. . 805 6.25
.. 800 6.50
. . loOO 6.25
.. 112S 6.25
Ave. lbs. Price.
.. 1080 $3.75
. . 696 3.85
.. 1230 4.75
. . 975 6.00
. . 990 4.00
.. 1260 5.60
.. 920 4.00
.. 860 4.50
.. 1150 6.00
.. 000 6.23
.. 570 $3 50
.. 820 5.60
.. 913 4.00
. . 690 6.00
680 4.60
.. 1430 $3.00
.. 1167 8.50
P.
.. 170 $6.50
. . 181 $9.60
. . 130 8.60
.. 144 8.23
, .. 170 8.60
. .. 230 9.60
... 194 9 00
. . 180 8.00
... 250 8.00
. . 170 9.60
. . 124 8 .25
.. 138 8.75
... 141 82.")
. . 157 8.75
72 6.50
,.. 250 9.60
,.. 211 8.00
. .. 241 8.60
, .. 206 9.60
,.. ISO 8.85
,.. 124 8.25
... 140 8.25
, .. 166 9.60
, .. 4O0 8.60
, .. 650 8.60
, .. 172 8.60
17
27
8053
8281
32
25
3921
5723
48
19
3230
9407
Cars
Barley. Fir. Oats. Hay.
1 1 8 11
2 a 5 11
98 837 1135 800
1083 707 700 1134
1 7
2
100 ... 210 1110
200 ... 236 1531
5 3 90
5 12 ... 14
214 X70 854 2008
1138 1220 601 2360
Portland. Thur..
sear ago
Season to date. .
Year ago
Ttwmi, Wed...
Year ago
Season to date. .
Year ago
Seattle. Wed...
Year ago
Season to date. .
Year ago
Wheat market at Chicago la holding rather
well, considering tbe highly speculative condi
tion ot that trade. That tbere was really do
alarm to be felt by the grain grower as s
tesult of recent European political matters, is
Indicated by tbe fact that Chicago baa shown
liberal recover; from the extreme declines
Then again, there Is not tbe slightest show
lng of weakne.'s In tbe foreign trade. At
Liverpool spot wheat waa quoted unchanged for
tbe day. while London reporteu no change u
curgoea on passage.
Many inquiries continue to come for Padflf
northwest wheat from tbe east. Some busi
ness baa passed between dealers, but Uttk
country activity is reported. Farmer are 00.
Inclined to accept "urreut quotations.
Flour market while dull la inclined to re
main unchanged In price at the moment.
Argentina Harvesting thowing very bad and
in parts tbere ia no harvesting, lu tbe north
and central dlatgltta grain ia turning out poor
ly, while tbe south averages 20 per cent of
normal. In Cordoba wheat and linseed are
completely lost and the locuata are eating up
cattle feed. The droutb baa been unprece
dented and locusts are very serious.
India Weather continues favorable. Acre
age will show sn Increase.
FLOUR Selling price: Patent, $8.00; Wil
lamette valley. $7.54; local straight, $7.2001
7.0U; bakers' local, X7.8O4j8.O0; Montana
spring, $9.20: export, $7.40; whole wheat.
$8.4o; graham, $8.2o; rye floor, $8.75 per
barrel.
HAY" Buying price, new crop: Willamette
valley tlmotby, fancy. $17; eaatern Oregon
Idaho fancy timothy, $21.0o; alfalfa, $18,003
20.00; valley vetch, $14XK)6J14.jO; cheat,
$14.00(314.60; clover, $14.00.
GRAIN SACKS 1016, nominal: No. 1 Cal
cutta, 11 Vi 19)11 H in car lota; less amounts ar
bigber.
MILLSTUFFS Selling price: Bran, $25.00;
iborta, $29.00.
ROLLED OATS $7.504t8.00 per barrel.
ROLLED BARLEY $41.00414:4.00 per ton.
Chicago wheat closed wltb a amail loaa. Th
local market turned weak in sympathy, and
bida on the exchange were 2c lower.
December oata bids were unchanged.
December bid prices on the Merchants Ex
change:
WHEAT.
Thur
1910 1815
Bluetem 143 86
Fortyfold
Club
Red Russian.
reed
Feed
140 85
..140 92
..138 80
OATS.
..3550 2400
BARLEY.
. .8700 2ttu0
Futures were quoted:
WHEAT.
Jannary bluestem
January fortyfokl
January club
January Russian
Wed. Tuea. Mon.
1816
145 145 151
142 142
142 142
140 140
148
148
145
Jannary
January
FEED OATS.
FEED BARLEY.
8660 8550 8575
8700 8700 8050
Bid
.. 144
. . 140
.. 140
.. 138
..8875
..8700
Yakima Crops Have
Much Greater Total
North Yakima, Wash.. Dec. 14. Tha total
vnlue of the 1916 crop on the Yakima reserva
tion Is mora than $1,000,000 greater than tha
crop of laat year, according to totals an
nounced by L. M. Holt, auperintendent of Irri
gation, who has Just completed his surrey
and is forwarding bis report to the depart
ment. Tbe largest crop on the reservation
is slfalfa and tbe acreage this year la 20.500
acres end tha field five tons to tha acre,
worth on an sversge of $10.
Tha alfslfs orop la figured at $1,131,460.
The second largest crop Is potatoes, which
sre figured st an average of $23 per ton and
foo. up a total of $500,000. Tbe acreage la
dor li aegregated Into Irrigated and aublrrt
rated. Of the former tbere la 48,126 acres
5no th total of aU crops i. $2,839,947.
Tbo gublrrlgated section cropped Is 7500
seres, where the crop Is estimated at $35 per
acre, adding $282,600 to the total, or $3,102,
44T for the year'e crop oil the reservation.
Th averag per acre for the irrigated section
Is $58.60, a gain of $20 per sere over last
yesx Prices have been better for all crops.
Bay Is worth $12 to $16 per ton as against
$0 laat year and potatoes are worth $32 to $40
now as against $18 to $20 a year, ago.
BANK STATEMENT OF COAST
Monday . .
Toeeday ...
Wednesday
Thursday
Clearing .
Balances
Clearing
Balances
Clearings
Clearing
Portland Banks.
This week.
....$ 3.006. 625.38
2.763.470.24
.... 2,575.985.67
.... 2,408.598.81
Taoomav Banka.
Tear ago.
$ 2.202,071.37
2.550, 608.b3
1. 872,87 1.92
1,872,863.00
..$ 889.775.00
.. 80,680.00
. .$ $.268,833.00
I 480,284.00
Saa Francises Banks.
$13,040,480.00
Los Aageleo Banks.
$ 8.588,648.00
Seattle Banks.
Grows Fancy Potatoes.
Some excellent samples of fancy potatoes
were brought to tbe city by James Brady, liv
ing five miles west of Portland. They were
of tbe Early 81x Weeks variety, and uniform
In aiae and quality.
U. S. SUBMARINE
IS AGROUND OFF
HUMBOLDT BAY
(Continued From Pag One.)
Gains.Vanish
When Market Loses
Its First Strength
By Charles W. Storm.
New York. Dec. 14. (I. N. - Tbe show of
strength st the opening of the stork msrket to
day waa not wng maintained, me aemaim at
th bigber levels which were then established
was eup piled, and before tbe end ot the first
18 minutes a downward movesnent started, on
which the early gains were wiped out. snd on
wBica some issue declined to oetow yester
day's cIom.
United States Steel assumed market leader
ablp. opening with aales of 2500 shares, from
iJUhi to VM. against 118 at tbe Clou yes
terday, from which it quickly dropped to 118.
a ioaa of 1 points. Anaconda waa under
pressure from the start, declining 14. point
to 80. I'tab, after advancing polnta to
117, quickly declined In 115. American
Smelling opened points higher at llo. from
which It declined lo 10!.
The railway lMirs moved tbe same way,
with Union Pacific "renin- op 4 point at
145V4. followed by a Aecliue to 114H-
United State Industrial Alcohol w on of
the weakest features, declining 3 po'nts to
ummrt or 1 to over 2 polnta were recoroea in
n-.any of the mlnoreeteel lndustriala. Reouullc
Steel dropped to 81, against at the
close yesterday.
ice speculative interest In the iste ror
nooa was concentrated lu Steel common and
tbat atock, after dropuloc to llSVs under
ntrsisteBt bear raids, .allied to 118 with thj
demand vigorous. Industrial Alcohol contin
ued lta downward moveiueut. selling at 119, a
kvs lo all of 7 points. Union Pacific re
slated bear efforta uud after declining f)
liSa,, rallied to 141. Many other rallwav
litues, after sbsrp declines, sold only sIigMI
bt-low yesterday's final.
Net declines of around 2 polnta were noted
In tbe copper shares, tbe war order grouu
and many of tbe minor steel lndustriala.
Money loaning at 4 per cent.
Vigorous besr attacka caused liquidation In
many Issues In th late afternoon, and further
declinea were recorded in nearly all tbe active
Issue. Losses ranging from 4 to 11 points
from yesterday's close were numerous. The
greatest decline wss in Industrisl Alcohol,
which dropped to 115, s lose ot 11 points. Cen
tral Leather dropped 6 polnta to 88, and Ma
rine common over 4 point to 38. Steel com
mon fell to 115. Declines in tbe railway
laaues ranged only from frictions to around a
point. -
Tbe stock market closed weak today. Gov
ernment bonds uncbsnged, railway aud other
bonds weak.
Range of New York prW furnished by
Overbeck at Cooke Co., 216-217 Board of Trade
building:
Finance :: Timber :: Industry
Public Service Corporations of the Northwest Continue to! Show
Gain In Business -Portland Railway, light & Power Has Ex
cellent Showing for the Month of Novembers: " 1 .
Corporation Zaxnlag-g Oaln. Public
service corporations of Oregon and
othar portions of th Pacific North
west continue to show trains in bual
nesa. Reflecting, aa it doea. the im
proved business conditions, the In
creases shown In earnings of the pub
lic service corporations are attracting
the attention of investors. This is
especially irue of the streetcar lrnea,
which have been running close to
the wind for some time past. The
Portland Railway, Light Power com
pany is chief among these in the
northwest. So-called "Jitney'' com
petition has been said to have caused
the previous falling off in streetcar
earnings, but the losses from that
source are believed to be much less
than interested parties hud believed.
Good Statement for UoTember. For
the month of November, the statement
of the Portland Railway, Light A
Power company shows liberal gains in
gross and net earnings as well as in
the surplus. The increase of the
surplus Is especially gratifying, total
ing $32,770.23 over that of November
1915. The November statement shows
In detail: ,
1916. 1913.
Gross earnings $4?9,;to7.46 $455,105.06
Operating expense 188.073.80 208.S50.17
DESCRIPTION
129,
81 V
88 V4
102
67
72
2m
62 H
Alaska Gold 12
AJlis Chalmers, c bl
do pfd 88
An-erlcan Beet Sugar. . 102
American Can, c 67H
American Car Fdy., c. 72
An erica n Linseed, c. 21 H
do pfd 62H
American Loco., c... 874
Anerlcan Smelter, c. HOVa
Aaetican Sugar. C....113
Am. Tel. A Tel 126
American Woolen, e...60
Ai.scond Mining Co...) 9l
Atchleon, c 10
Btldwin Loco., e 754
Baltimore A Ohio, c.l KoVi
Bethlehem Steel, c 5S0
Butte It Buperior 68
Ct II for n I a Petroleum
do pfd
C-nadian Pacific...
C t.tral Leather, c.
Cess pes ke A Ohio.
lb. ut. western, c.
do pfd
C . M. A St. P
Ch:.- A N. W.. c
Cfclno Copper
Colo. F. A I., c
Consolidated Gas
Corn Products, c
Crucible Steel, c
IVuver A R. G., pfd.
Distillers
Eiie. c
do 1st nfd
General Electric 175 !l7
Goodrich Rubber 6S', GUV,
O. Northern Ore Lands 42 4214
li. Northern, pld lltt'fc 117
Greene Can 1 49 49
Lids A Leather, e I 15'V 15
Open, High i Low jCiose
12V
284
88
86
60
68 Vi
184
61
79
110 105
113 1110
126 1125
l 40
H 85
C 25
.1 55
.1167
.il)6
I 66
14
41
02
.124.
.! 25
i 77
434
40
36
51
50T,
81
104
754
85
S
25
65
167',
106
66
14
41n
92
424
64
62
183
25
77 hi
43
40
87
614
.54
102
68
84
ISJSO
1 34
Z3
63
164
86
644
14
40
12
284
K,
88 li
50-
6i
61
80
106
110
123
46
8d4
103
080
04
23
53
105
86
644
14V4
40
804 81.
128 1234
00 60
46 40
Hobo Convention
Is Held by Elks
. i. ,ii
Th Elks hobo parad hit Portland
between th eyes last night and the
procession of Weary Willies brought
back memories of Coxeys Army. Clad
In tattered garments the bewhiskered
gentry, equipped with tin ean, soap
and other paraphernalia of tb hobo,
tbe COO members of the order cut the
wildest antics that human ingenuity
could devise. The procession was fea
tured by three brass bands .which
played stirring airs along the fin of
age had been washed ashore, including
a part of the submarine's rail.
The mother ship Cheyenne "at 11
o'clock made a daring attempt to reach
the submarine. She ran In past the
first line of breakers, but evidently
fearing disaster soon withdrew out to
sea.
Exactly what happened to the sub
marine has not yet been ascertained.
X.ittle Girl Discovers Flight.
Th vessel was discovered in dis
tress shortly before 10 o'clock this
morning by a little girl, who was
walking on the shore about two miles
north of th entrance to the bay. A
shoal runs out Into the bay at this
point for a considerable distance, with
deep water on either side. The sub
marine was in the angle formed by the
north side of the shoal and the beach.
The girl reported the situation to
the Samoa offices of the Hammond
Lumber company, and tho tug Relief
was started out. Simultaneously the
submarine tender Cheyenne wirelessed
that th vessel was in distress and
asked for Immediate help, but gave no
particulars.
Tog Blieved Accident's Cans.
The Relief and the Cheyenne are
standing offshore away from th apot
where the submarine Is located, evi
dently being unable to get In closer.
A great crowd gathered on shore to
watch the work of rescue. It was
believed that the H-3 was in serious
trouble, apparently touching bottom
and helpless.
It is believed here that the sub
marine ran aground in the dense fog
which enveloped the bay and shore, all
night. This lifted shortly before the
H-3 was located.
TJaraally Carries Twenty Van.
The H-S is under command of Lieu
tenant H. R. Bogusch with Lieutenant
E. P. Zemke second in command. The
vessel usually carries 20 men, but It
Is not known how many were. aboard
when she went ashore.
Th submarines H-l, H-2 and H-3
wer sent on a cruise recently, under
the protection of the Cheyenne as the
parent ship, to take soundings at various-points
along th shore in order
to select a site for a proposed subma
rine base on this coaat.
The fact that the H-3 had serious
engln trouble When at Astoria Tues
day and had not been able to repair
it. yesterday, indicates mat ner en
gines may have "gone dead" during
th early morning fog, causing her to
drift upon the breakers.
' Th H-S has a displacement of 430
tons and a cruising radius at 11 knots
of 2500 miles. Her engines are 800
horsepower. She carries four torpedo
tuoes ana is xti reel long, with 17 foot
beam. -
do Dfd
Illinois Central
Iuanstrlal Alcohol
Inspiration
Ii:tei boro, c
Kelly Springfield
Lackawanna Steel
Lehigh Valley
Maxwell Motora. c
Mexican Petroleum . . . .
Miami Copper
Mid vale Steel
M., K. A T, c
do pfd
Missouri Pacific
National Lead
Nevada Con
New Haven
New York Air Brake...
New York Central
N. Y., Ont. A W
Norfolk A V., r
Northern Pacific
pacific Mall
Pennaylvani Ry
People' 0m
Pressed Stwl Car, e...
Uay Cons, tapper
Railway Steel tipilngs.
Keadlog. evr
Republic KL4V S., e
do pfd
Rot k Island
Fhattuok
Studebaker, c
Sloss Sheffield
Southern Pacific
Southern Ry., e
do pfd
Texas OH
Texas Pacific
Third Avenue
Union Psrlflc, c
U. S. Rubber, e
U. S. Steel, e
do pfd
Utah Copper
Virginia Chemical, e...
W. U. Telegraph
Westing boose K lectrlc
721 72
108 1106
12125
J7l 1J
69
102
81
66
103
43
64
10
20
17
61
28
544
158
106
814
137
110
234
66
100
79
80
56
108
64
115
39
29
117
75
88
82
60
200
18
50,
145
66
1211
121
117
46
103
68
69
102
81
OS
103
43
64
10
20
17
61
28
15
106
82
138
111
254
56
105
79
30
50
H
84
115
39
29
117
75
98
82
68
200
18
50
145
66
120
121
117
46
103
68
133
22:
65
40
36
35
484
17S
66
38
116
4S
13
68
106
114
58
16
69
86
78
62
88
39
59
20
17
61
27
52
133
66
40
36
35
49 -V
1734
884
116
48
13
68
100
116
59
16
69
80
78
62
8
88
68
9
30
17
61
28
52
152jin2
104 1 105
iK 80
134
110
23
56
105
76
28
52
100
77
114
37
134
110
24
56
105
76
28
52
106
79
114
87 T4
26 20
112
69
87
81
68
184
18
60
143
63
112
120
110
42
101
64
113
68
87
81
68
iub
18
50.
144
64
110
120
114
43
101
54
Net earnings $280,282.16 $246,314.80
interest, taxes snd othtr
fixed charge 225,606.30 224,186 26
Surplus $ 64.688.86 $ 22.118.63
TJ. 8. Advertises Trad. In its at
tempts to educate American business
men up to modern methods of foreign
and domestic commerce, the depart
ment of commerce spent JS89, 806 dur
ing th, last year in Issuing publica
tions, vn account of the Increased
cost of paper and other publishing ma
terials a liberal policy of widespread
free distribution of publications has
been curtailed. A price is being
charged for more of the department's
publications than heretofore, $44,27
being: realized from this source during
the year compared with $25,508 last
year. During th year S1L747 docu
ments were sold by special order and
3,280,888 through subscriptions.
Xaiiroad lees prosperity. Chair
man Kruttschnitt of the Southern Pa
cific in an Interview in New York
after returning from a western trip,
reports business along the coast as
reaching better levels.
China Waking Up. China gradually
is waking up, according to consular
advices that the Chiaese government
with the aid of foreign engineers has
completed surveys of several hundred
miles of new railway to be construct
ed in Manchuria. These roads will
open up a vast new territory which
the department believes can be made
a market fof American ? goods.: The
estimated cost of the new railways is
$23,300 to $31,100 per mile. , Th Chin
ese government has aevisea v n
way of getting land for the right of
way tor these roads. It will tak what ,
li reauires rrom tns nrivaia jrotaers .
and give them twice ss much land as
is taken in another section. : i
new weamngnoBs siwa ts
Westinghuse Electric fc Man u fact ur--y
ng Co. has announced a proposed is-
us oi eio.uuu.vvv si oca to siwanviu
crs of record December 30, Th , Stock '
will be dlstributed-Jn ratio of on new :.
share to every four shares held on
thHt day at 160,11. - ' f
Wild Bpaealatiom Tsaxea. Frank M. .
Huston, financial writer of the Chi- ,
ago Herald says that this country:
appears to be on tho threshold of n
period of more or less wild specula-'
ttcn. The tremendous volume of new
credit made possible by the accumu
lations of gold imported from abroad,
together Vlth the abnormal profits
that have accrued to Individual Stock,
holder, of corporations taking wr
orders, has resulted in a situation ,
that fosters speculation.
A taste of what may come was ex
perienced in the war boom in muni .
tion stocks last year. The recent ad-
,nM In 1 1.. .f.,L m.,b.t hASSVSf.
aiiv.o ill 1 1 1 13 iiulii tiioi n.v, wnu-v-
has been more substantial, because 'it
. , . . . . , . . -
nil mciuQCQ iiiuuiri&iaf isimv sw w
whillv it.n.ndent unun war business
for their abnormal earnings.
Money Vow Plentiful. Money" is' so
plentiful and Interest rates, becasfis of
the abundance of money and credit,
are so low as to encourage various
kinds of speculation, and i list fact that1
bunks have warned customers to keep
themselves in as liquid a position as
possible has encouraged activity in th
market. The consequence of this .is
that everybody who has any business
acumen is watching the markets.
Nevr before were so many office boys
getting a man's wage as at the resent
along the line of employes, so tar '
those Industries are concerned which
.J... .In- m th nKnsi.it.. I Whrjlflim
HIS DIIMi III lift oi. .uvi in... f ...., ;
i . . II.- . ' n
growing oui oi mo wai.
This nas lea to a perion oi extrava
gance in all directions. The American
people naturally are great spend era,
.. J I U .-!.. t. n v n , a . . I. IK ,n Ik.
allU LUC ajaaivi mo iiiviicjt v vitiv. ..
more liberal are those who accumu
lated In their expenditures. Th grent
lanl ii.iiultir nOfnAa in (inllnf rv At TU '
a people in times of plenty rather than
In times of adversity. Although the
strain of adversity may be more acute,
the cause for that strain Is found in
lh methods adopted in times . f
plenty. . -
Santa Claus Is Popular H
s.
ero
st t
Many Tots Send Him Letters
march. Conspicuous among th dilapi
dated marcher ,was a delegation at
Scots. The Camerous and th Mac
Pnersons and th MacDonaldg and the
Duncans and the Grahams wers all
thre, resplendent - in : their . kliHea
Following th parad a rousing con
vention was held in- th Elk : ball.
Man Charged With
Attempted Assault
On th complaint of a Westport,
Or., woman, the police are searching
for Frank Shaffer, until recently em
ployed as clerk at the Teton hotel,
Tenth and Hoyt streets, on a charge
of attempted assault. The woman
went to the hotel Tuesday evening
with her 6-months-old baby and pro
cured a room. Sh was awakened
about 10 o'clock In the evening to find
that Shaffer had broken into the room.
After a struggle sh brok away and
escaped, making; a. report to Patrol
man R. L. Phillips. She left for her
home in Westport yesterday morning
in a hysterical condition from fright.
Shaffer has not been seen since Tues
day evening, th policeman reported.
He was employed at th hotel only a
few days.
Oar Men Mastering
New Traffic Enles
Street car men have been coached
in the new city traffic ordinance until
th officials of tbe P. R., L. 4fe P. Co.
believe they will find no trouble n
living up to the new rule. As a mat
ter of fact, explained Superintendent
Fred Cooper today, the new ordinance
makes few changes in the rules apply
ing to street cars, the principal ones
being that passengers are required to
wait at th curb rather than In th
street for approaching cars. This
would require more vigilance on tha
part of the motonnen to avoid pass
ing by before people can get on.
PORTLAND FIRE RECORD
Wednesday.
No fires.
Thursday.
1:32 a. m. Automobile belonging to
J. A.- and B. -W. Hill, $21 Marshall
street, at Twenty-eighth . street and
Ldnnton road, qnknowa origin, $40
damage. -
By Ella McMnnn.
With Christmas 10 days distant, and
letters to Santa Claus coming In at
the rate of 60 each day, the public
welfare bureau, to which the letters
are sent from the postofflce, is find
ing work for a large number of volun
teers, who are Investigating th cases
as fast as possible, so that all the
little people will be put in touch with
Santa.
Some of them show plainly the
guidance of an older hand, but this is
not believed to indicate that there is
a desire to impose upon th benevo
lent so much as it Is an indication of
the faith the average kiddle feels in
the power of Unci Sam to lay his
wishes before his patron saint. The
addresses of the little writers are kept
by the commission at room 444, court
house, so that the wants of some one
child may not be over supplied, as
would be the cane If the matter were
left to a generous public, more gen
erous at this season and always so
with the children.
Boy Zs Hopeful.
Edwin, a little Portland lad, has a
mother very skeptical on the subject
of Santa, but Edwin has very evident
assurance In his own mlnl that Santa
does come, for he writes as follows:
"Dear Santa Claus I wonder If you
will get a letter if I write to you.
Mamma don't think you will find our
house thla year. Papa has been sick
a long time and has been in the
hospital three weeks now. Don't know
he will b home by Christmas. I am
10 years old today. I am most too
big for toys. But I have three Utile
sisters and they like little, pretty
things. I hope you will not forget
them if you come this way
Edwin ha asked nothing for him
self, but has written in behalf of his
three little sisters, who like "little,
pretty things," and manfully throws
out his chest in the dignity of his
recently acquired 10 years, and an
nounces that he has grown too old
for toys, having put childhood and its
symbols behind him.
Growing Uttls rssslxalstlo.
Frederick, who ha road a battle
wit,h th world for something like 11
rears. Is growing a trifle pessimistic.
but as Christmas approaches nis raitn
revives. Here is his letter, in which
he mentions his modest wants:
"Dear Santa I am 11 years arf
papa has now (no) work and we will
have a small Cnrlstmas this year. I
would lik It If you w'U bring me
some candy and some nuts an' some
other things that you like."
Lois, after divulging her age, which
is 10 years, and getting th confidence
of Santa by this unfemlnlne-like con
fesslon, continues:
"1 want a big doll and a doll buggy.
My brother Burle wanta a big wagon.
a train with fore cars. My sisters
Helen, B 11 lee and Edna, all want a
big doll."
One lad makes a request for but
on thing. It Is either soup or soap.
but . aa soap and small boys are not
generally th best of friends. It may
b presumed tbat it is soup bs wants.
So modest is this request tbat it
seems not too much to hop that he
may find both when h awakens
Christmas morning.
Has laxg-sr Zdsas.
Clyde has larger Ideas. A gun. a
train of cars, a bicycle ar all he re
quires avt present, but he may tblnk
of otber things.
Johnnie, who presumably goes to
bed at 8 o'clock and manifests other
symptoms of the good-boy-befor-Christmas,
is mindful of b poor peo
ple In the "old country," but does not
specify his wishes in this respect.
He i more definite in regard to his
own family. Her Is bis letter:
"Dear Santa Claus I bops you find
nlc people and don't forget th poor
people in th old country. y mamma
wants a skirt. I want a set of erec
tors and a suit. My sister wants a
dress. I hope th children hav a
good time. I must doss as it is I
o'clock. . . .. . JOHNNIE, " .
Beatrice, a -year-old, : wants .. a
. - ' "
"dras" and a "gulls," whatever that
might happen to be, and then, as an
after thought, adds that her mother
would like a "okrt." '
Olrl Beads tetter. '
. .ii-if
From Troutdale Alice writes, men
tioning her griefs and hopes all In on
breath and cajoles Santa along wltb
the promise of what she will do when
she In old. as a sort of subtl hint to
the old fellow as to how ho should
conduct himself In the matter Of gift
giving. She says: V
"I am writing you a few lines. When
I was three years old my papa died
and I have always wanted a big doll.
Hut mamma never has any money to '
give you dear Santa Claus to buy dolls
with. And I thought you would bring
me a big doll thla Xmas, and when
I get old and earn some money Ho buy
dolls for some poor llttl girl who
always has, wanted a doll as bad' SS I
have T hnne vnn ar wall an1 that
lots of snow will com for your ralu
dears." , t
Walter Is an Industrious lad pre
sumably, since he asks for a ripsaw
and two plar.ea. His brother will tak
a wheelbarrow, a "trlke" and a ham
mer. Another member of th family
who appears to bear th unusual nam
of "Persimmon" wants a doll and a
doll bed. Dorothy wants a pair Of
ball bearing or God fearing skates.
Problem Zs Difficult.
It Is difficult to tell which, although
ball bearing has precedence - In this
case, since the youthful wearers Of
skates fear neither God nor man when
properly equipped for a sidewalk skat.
Th mother of this flook of young
hopefuls has said that Santa will have
to do the lob himself without any
financial aid from her and that Santa
is to be told emphatically that ther
Is to be no "pang" af trward, th
family evidently having had anough
of this pay-on-lnstallment easy-as-tent
business. Baby Jamie merely .sends
his name, evidently feeling that Santa
win know th rest. Mary, who writes
from Linnton snd signs herself Santa's
"lovlly and truly girl." asks for dolls
and all th things with which 'dolls
are clothed, In addition to which sh
asks for a doll's "nipple," being no
doubt a modern mother who cannot
tak so much time from her social
duties to properly supply her young
from the natural source. j ?
b Waats a Sweater. ; -
Susl wants a sweater and a rock
ing "hearse." also everything sisa.
AW A m. nln suit urA rvramlaaa f is
UU n (1 i & i w --" --"
love Santa more, like a true daughter
of Eve, If he will send thorn. -y
Alfred implores "Santa Clous"' to
bring him a pair of "skats" and asks
for dolls for all the femal members
of th family from th grandmother
down, and Margaret of Alblna rebukes
Santa for his paat parsimonlouBnesa,
evidently wishing to eonvy to him
a slight hint of the total Inadequacy f
bis gilt last year, oam writ; - . '
"All that Z had last ysar was a
baby doll with a nippl and a . doll
trunk." Tb Inference la obvious and
Margaret wisely refrains from .com
ment. Put down In cold lead pencil,
Santa can see for himself that h did
not fully corns up to expectations, but
no doubt will make amends this year,
at least- Margaret has given him a
chance to tnaks rood. . . '
When
pies'
writing or calling est : User.
tlss TkS JMTMl. U4v.
Stocks, Sonds, Cotton, OralaTcta,
81-3lf Board of Trad BtUMlagv
Overbeck & Cooke Co
DIRECT PRIVATE WIRES
TO ALL BOUNCES
iXsBbrs Cbloars Soar! cf fraft.
.. s-UmrMntAwAmta 4 V.. m. . . - r1
CMoago, Hsw Sloix. .