if - ..
MORNING, JANUARY 21, . U
t
- . i ' i " ' " " ,ii '' : . " ' 1 1 'I. i I ' ii i . ii i i ,. i i H i . - i i
4
phmt m prnm l A DDiri C ADtT U I I DTI MO n A I DVI MO
UWI N I II NUUU WUni l VLLU HAL VJ NU I M Hymarf
; : : r : , : ' :
Edted by
H. Cohen
FOREIGN
FACTOR
IN CEREAL
AFFAIRS. A
" IN TRADING
MARKETS
Activities of German Raider Off
' Atlantic Coast Cause Fluctua
tion In Wheat Prices European
Needs Are Extremely Hoary.
NARR
RANG
E FOR
WHEAT IN CHICAGO;
DECLINE AT CLOSE
Selling Pressure Is Shown at End
of Session and alo.es Are Off
About a Cent at the End 'Big
People Sellers of Corn.
V Wheat mrketa have been erratic at
rail world's centers during the week,
but the general trend of the trade has
V. !- mitt, m.m hlnli lri f Ht lt T fi 1
Mwnti liim tiui 41 rr tiiit A' ' "
eutabUshfo.
The activity of German sea miners
off the Atlantic coast has been a
- (lomlnatine feature in the trade. It
-has forced higher freight rates to F.u
rope and sharp advances In war insnr-
ance. Thla in itself was a bearish fea
ture for the moment, although the
raids on shipping would eventually
liave the effect of stiffening grain
quotations in general. Every cargo of
(train sent to the bottom of the ocean
hy the Germans naturally means that
much less stock for consumption.
With a crop that was fully 25 per
cent short at world's centers at har
dest time, with much loss occasioned
: by the sinking of ships since that time
and with large wastage due to war
conditions, total stocks are much be--low
expected requirements until the
new crop Is available.
Upward fluctuations and downward
""ones, too, may be expected for 'some
time or as long as these activities con
i tinue. There fs one thing certain, .all
'the wheat frrown in the world is badly
needed this season and the price will
' therefore be made according to the
anxiety of buyers to secure their
needs.
Entrance of the German government
into the American wheat market was
announced during the week, deliveries
to be made after the war ends. This
in said to have been one of the causes
of the renewal of sharp bidding for
. supplies by the allied governments.
Flour market reached a higher price
durino- the week, due to the advanced
v cost of wheat. At this time the price
of flour la lower than the cost of
wheat a reasonable milling profit
; added. For that reason there nas been
a general expectation among the trade
- for a further advance in this market.
Coarse grains were extremely firm
st interior Pacific northwest points
;' during the week. The buying was of
unusually liberal volume, in fact it
was the best of the neason to date.
Farmers have been more willing to
sell at the advanced quotations.
FLOUR Selling price: Patent. S.40; WiV
lamette valley, 37.&0; local straight. $7.601
r 8.00: biker' local. 20(&8.4': Montana
spring, $9-40; export. $7.3a: whole wheat.
18.60; graham. $8.40; rye flour. $8.73 per
. barrel.
; HAV Baying price, new crop: Willamette
" valley tloiothj. fancy, 17.00; eastern Oregon
ldabo fancy timothy, $22.50; alfalfa, $17.00;
vslley vetch, $14.00; cheat, $14.00; clover, $12.
1 OK.4.IN BACKS 1916, nominal: No. 1 Cal
cutta, lltfcttUHc la car lota, leas amount,
re higher.
MILL8TUKFS Selling price: Bras, $28.50,
aborts, gttO.60.
ROLLED OAT8 $.508.00 per barrel.
HOT. LED BARLEY J4t.OOQ42.00 per torn,
r Merchants Exchange January bid prices:
WHEAT.
Fri. Thur. Wed. Toes. Me.
1917
COUNTRY AND CITY CREAMERIES MUST
GET TOGETHER OR DAIRY INDUSTRY IS
.' SURE TO SUFFER IN STATE OF OREGON
Persistent Warfare That Has Been Waged for a Number of Tears Is
Having Its Effect Upon Producer Quality and Establishment of
Brands Are Essential in Creating Regular Distribution Public
Must Be Supplied Regnlary to Secure Best Results.
Sat
1017 11
Blueatem
167
Forty fold
l J63
Club
162
Red Rueetan
15S
Feed
112 170 172 109 188 1ST
107 765 109 160 165 161
104 1 64 167 165 165 161
TOO IfttT 163 102 162 157
By Joseph F. Pritcbard.
Chicago. Jan. 20. (I. N. .) There
were runner losses in the grain mar
kef on .the board of trade today, rest
irg spots for wheat showing declines
rC 4lc, corn was lc and oatfc
iiAc off. There were reactions and
advances'from the bottom prices, how
ever, of 4c 0Ti hort covering late
in the session. While there war some
business done In wheat at the sea
board on export demand, and there
were upward of 1.000,000 bushels of
oats taken by an extorter to be
shipped when possible, there was no
corn quoted as taken, although buy
ers representing the Brltis.li commis
sion ana the allies were in the market
I0r the golden cereal.
Provisions were off 612c.
Chicago, Jan. 20. Wheat prices
fluctuated within a narrower range
than for some time past. Opening
transactions were about a cent decline
from the previous close with some
rather heavy selling pressure through
out, me session, urrenngs, nowever.
were taken by leading bull Interests,
preventing other than a moderate los.
The absence of export buying, coupled
with increasing receipts at northwest
and southwest centers" were the most
consplclous news factors.
Foreign news was more favorable,
heavy Australian shipments and crop
news from India and Australia opti
mistic. ' Snow Is predicted tonight and to
morrow for the entire winter wheat
belt.
Some of the leading holders who
were arrayed on the selling side of
corn were again prominent sellers to
day. Receipts were about the same
Export clearances were a little larger
Country offerings were fairly liberal
at prevailing prices, and every Indi
cation that the recent acute cash de
mand has been satisfied for the tUn'i
being.
Oats trade was limited and nrlee
changes were unimportant following
the lead of other cereals. Some buy
ing power was influenced by reported
large export sales, 700,000 bushels be
lnr reported sold late yesterday.
Provision trade was small and large
ly local. Lard is gaining strength
with better demand for cash article.
Packers ejo not seem to be selling much
of the speculative products.
Range of prices furnished by the United
Frees:
Key
July
Sept.
May
July
May July
Jan.
May
Jan
May Jen.
May
By Hyman H. Cohen.
For several years there has been more or less open warfare waged be
tween Oregon creamery men, entailing severe losses not only to the makers
of butter themselves, but imnovlshinar ths datrv indusrtrv.
Charges and counter charges have been made by both the city and the
country creameries a to the reason for this warfare, but seemingly there Is a
misunderstanding all around.
Neitbe the creameries nor the dairy Industry of Oregon can prosper under
prevailing conditions, ii is time lor a enow down, uotn sides ot tne con
troversy should get together and see exact I v what is wrone with th situation
This cannot he done by the country creamery men calling the city creamery
men names while the latter are Inclined to ddubt th slnceritv of th fonnr.
There Is place in the dairy industry for both the city and country creamery
ana me rignt mat nas been waged by the two interests haa .been costly
not only to both sides, but to that Innocent bystander the oroducer.
Several efforts have been made to get the country creameries together for
the purpose of establishing a market for their product but these have not
proven successful. There is a reason for this. First of all the country
creameries must make a certain aualitv standard and stick to It. Then again
they must establish brands which the general consuming public can become
acquainted with. Then again they must always liavc a supply of butter
for this trade.
Heretofore much of the troubles of the country creamery men have been
due to the fact that consumer would nuYchase a certain brand of their butter
one time, but the next time they tried to purchase they found none In the
market. In other words the country creamery has been Inclined to ship only
Its surplus product to the Portland market and when there was no surplus
from the home trade, none was shiDned here.
Then again the big city creameries have established a market for their
product by newspaper advertising, which went direct to the consumer. Two
of the leading country creameries have done likewise and these have found
no occasion to say that they cannot sell their product on the Portland market.
OATS.
WHEAT
Open. Hla-h. Ixw. Close.
187 1S74 JKRT. aoac
151 151 7i 1M 1M
134 135 134 1 34
CORN
ioi ioi4 ioo4 iofH
9T 99 Sti 99
OATS
M 68 H Ra BSU
55H 664 654 654
PORK
.... SOCT
2940 2940 2930 2932
TARD
100 1i2 1600 1600
1632 1635 1630 1632
IlIBS
1820 1520 1517 1520
1557 1557 1540 1532
LOWER OCEAN RATES
TO AID SWINE PRICES
The production of perk is a growing i The Union Meat company is develop
lndustry In Oregon an a good market In considerable export trade in L.lver-
,H r,.j11., pool and in Norway. Conditions will
Is being developed for the products. e mueh morJ favorable for this wnen
as, hown by B. C. Darnall. general bottoms again become obtainable. Ore-
salesman for the Union Meat company, gon will then be in a position to com-
ONLY SPECIALTIES
ARE ACTIVE IN NEW
YORK FOR THE DAY
Saturday's Short Session Was Al
most lifeless and Devoid of Gen
eral Interest Steel Rises and
Dips During the Session.
UVESTOCKi
KET
MASS OF STRENGTH
IN PORTO YARDS
Receipts for Open Market Are Less
Than Last Weeli Hogs, Cattle
and - Sheep Sli
Lambs
New Tork. Jan. SO. (U. P.) The
ICew Tork Evening Bun's financial re
view today said:
bave lor. a tew strong vpeciaJties
like Montana power, Columbia gas
etc., today's short seselon of the stock
market was listless to a degree and
quite devoid of interest. Price changes
in. the industrial list were ot no sig
nificance whatever and the railroad
shares were almost wholly neglected.
Reading made but small fractional
galnei in very restricted sales. United
States Steel rose and dipped within
narrow limits. Bethlehem Steel made
an early gain of 10 points but later
sold down 6 points or more below
Friday. The shipping and motor shares
were in fair demand at substantial
advance.
Trading was somewhat more ani
mated in the late session with odds
and ende of market settlement among
traders to be adiusted. The shipping
shares made additional gains on good
earnings reports. Marine common so'.d
In the neighborhood of 33, and the pre
ferred at 90. Numerous specialties
such as Ohio cities gas. Homes take
mining. Sears-Roebuck, Diamond Match,
Cuban-American sugar and other.
were In fair demand at advancing I Ewn
prices Goats
conag were nrra SLna reiauvciy
live.
rORTLANO
This week
Iat'week
Previous week
Month ago
Year ago
Two years sro
Toree years ago.,..
lour years ago.....
Expected
44-
.7U'7
.3?li-
.we1
12
Higher Top
b Be Lifted.
ETOCK RC.
WtUf. Calves. Sbeep
lOtlS
line packers brouett
1170 44
2731 53
16.'i 11
1V(W 60
1 7
! 637 M
72 4
1M2 31
Fl NANCE AND TIMB ER
INDUSTRY. REVIEWED
Jaanary Sagdaeas deed. "The local
office of Bradstreets reports for the
week: January business both whole
sale and retail is starting out In a
very satisfactory manner. The Im
provement in the ear situation Is hav
ing a stimulating effect on the lumber
Industry, the prospects ot which are
regarded as much more favorable than
In some month past. The metal work
ers atrlke at two local plants Is still
In force but pornpects for early settle
ment In one plant seem rood.
rederal Xeaerre Statement. The
weekly statement of San Francisco fed
eral reserve bank:
UESOCRCES.
Gold eoln and erold eertlfleatea is
own vaults t IS. 590.000
In gold settlement fnnd. .......... 6,445,000
In gold redemption fend 15,000
Legal tender Dotes, silver, e 4V4.0OO
Total reserve cash.
1SB federal reserve notes ia a an da of
20ft3 bank ,
5S4 OUi-r cess. -
3111 Cbecka tor local clearing
Son twe from other federal reserve banks
W70 (collected mods)
8802 Transter drifts purchased..
With the exeeptfen pf sheep. In whlrh I
122.114,000
1SM.O00
75.000
11.000
1.823.000
1,500.00")
M m ' 1V1II n.a imi riru.Bl. ......
ii mora aiuu ai. smii. .ii---.-f 4 ,tv.r- in. rw
roci iroin meir iwib, inerw u a i Acceptances boognt . lo.ftS4.000
decreased run of. a-eatock Into t he ' Cult,! states bonds 1,819,000
ftortn a'ortiana jaria, as compared : i;nitej mates one rear treasury
.$2S. 628.000
Range of Sew y-rk pr!"e furnished bv
0frbeck Cooke Co., 218 217 Board of Trade (during the week. The run was much
with the previous aUJdays. In all lin
there was a decreau t of offerings for
the open market.
Higher prices wer forced In all lines,
This was true espar illy of the mutton
and lamb dlvlslono the trade. While
no sales of lamia) were made on the
open market abovj $11.25. the fact that
Willamette valleystofck sold up to this
price indicated a sill) greater quotation
for superior qualiy east of the moun
tain stuff. I
(Jtneral mutton indlajBb market:
IWt eat of mountain Umbs none erf -red
Beat vtilley lambs. . . .u. 10.7SQU.15
wei tiers . w.U
8.0041 .21
4-M
Cattle Beraakd for Beet.
Best aualitv cajtle wss in excellent
demand in the Ijorth Portland yards
notes ....
Mnnlclpal warrants
11 other resources
1.500.000
679.O00
ia.ooo
Total tesoarcee
LIABILITIES.
Capital paid tn
Reserve deposits member banks....
Government deposits (gross
Du4 tn other federal reserve banks
Collected funds)
Caalilers' and other checks outstand
ing All other liabilities
$43,423,000
S.iSO.OOO
8. 297.000
2,410.000
432.000
1.000
833.000
bi lading:
nr-CRIPTION.
I below that of tlr previous six days.
Iripen' High' lw iCU-ee ; Ileal good Ktuff flulckly, with steera
us Mign as js.io (nil sows up to ;.iy.
Statistics were given to show that the
last car of live hogs shipped to Port
land from the middle west came from
Nebraska in 1912. and that the cured
products from that part of the country
decreased from 88 cars in 1916 to eignt
cars in 1916. Nine branch houses of
eastern packers in the northwest were
closed during 1915 and 1916.
pete with Chicago, as the freight from
here to New York Is 42c. and from
New York to Liverpool is 44c, while
the rate from Portland to Liverpool
via the canal will be about 86c. with
freight rates the same, the Portland
market in all probability will be able
to pay as high prices for hogs as the
Chicago market.
HOW TO FIGURE PROFITS
IS SECRET OF BUSINESS
3675 2730 8675 8700 8675 8675 C650
BARLEY.
Feed
4000 2800 4000 4000 3000 8830 8850
Futures wero quoted:
w li EAT.
February blueatem
March blueatem . . .
February fortyfold
March fortyfold . .
February club
March club
February Russian .
: March Kosaian
February
March ...
February
. March .
FEED OATS.
FEED BARLEY.
Bid.
168
,. 18
.. 183
, . 13
,. 102
.. 162
.. 139
..138
..8700
..8750
..4000
..4050
West Refuses Bids
On the Wool Clips
Even Higher Price Fails to Tempt
Most of the Growers to Con
tract Their Fleece.
Lumbermen Debate
Freight Rate Plan
Attitude Toward Charge Based on
Weight Rather Than Competition
Will Be Determined.
Boston. Jan. 20. Boston wool buy
C em returning from the weet report
'' that (rowers are refusing to name
"t prices, especially In Montana, In Wy
4 omlng the little contracting has been
'. done, notably in the Big Horn valley.
? on the basis of $1 to 8L05 acoured
. landed here. Utah clips are being
: bought at 32 to 84 cents for average
clothing wools and up to 36 for choice
'grades.
Western Idaho medium and choice
are bringing 30 to 33 cents. In this
market quarter blood and three
eights blood territory hae sold at 40
to 44 cents. Best fine medium New
Mexico is bringing 95 cents to II
scoured. Mn staple territory Is sell
ing for 81.05 to $1.10, and quarter
I blood at 90 to 95 cents. 'Fine terri-t-
torles range from 95 cents to $1. with
fine-medium 5 cents lower. Mills are
'buying noils heavily at 58 to 65 cents.
Boston wool men are resigned to
: another buying wave with .a further
Increase of prices. England's promise
Mo release ' 50,000 bales for America
'.win be but a drop in the bucket. Sales
iof South Americans here are below
.what they are In Montevideo. Arrivals
during the week were 2,738.371 pounds
jomestlo and 1.778,437 pounds foreign.
San Francisco Grain Market,
V - San Francisco, Cel., Jan. 20. (TJ. P.)
Wheat Snot Per cental, California club,
f2.ftOSiI.63; northers club nominal; Russian
:red, 82.67V4a2.70; fortyfold nominal; turkey
red. 82.90J2 05; blueatem, 82.d5t33.00.
Barley Per cental Feed, $2.262.30; dlt
. to rfclpplng and brewing. 82.32ma 2.40.
Oats White. 82.0512.10 (includes machine.
cleaned): black. $3.0083.25; ditto machine-
cleaned. 83.60; red reed (rc-cleaned), $3.23.
Elgin Butter Drops.
Ela-tn. III.. Jan. 20. (U. P.) Butter. 8SHO
' 87c. mostly 36HC a decrease of 2a from last
week.
Overbeck,
& Cooke Co.
Stocks, Bbncls,
Cotton, Grain, Etc
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Members Chicago Board of Trade
Correspondents of Iogan & Bryan
Chicago, New York.
' 8i17 Board, ot Traos Walldlag.
The lumber Industry' attitude In
resrard to the Interstate Commerce
commission's admittedly revolutionary
proposal for a readjustment of for
est products freight rate principles
will probably be determined at the
annual meeting of the West Coast
Lumbermen's association at Tacoma,
January 26.
The federal commission, through
Examiner Esch, has submitted a plan
wherein charges for the transporta
tion of all forest products shall be
based on the weight of ths load rather
than on the necessities of established
competitive business conditions.
For emch forest products as could
be loaded over a 50.000-pound minimum
a reduced rate is suggested, and for
men xorest products as are not load
ed up to this minimum a correspond
ing higher rate Is suggested, these
variations to be graded ty stages of
10,000 pounds. Mr. EJsch points out
that rates made on this basis will
automatically nroperly class! fv forest
products In accordance with their car-
loading possibilities, which he consld
ere the prime factor in making
ireirnt rates, xne plan is very in
gentous and apparently solves the
classification problem If rates can be
made on forest products based solelv
upon the carloadlng without regard to
commercial competition and other
economic factors that usually are con
sidered very Important In determining
a rreignt rate on, a low-grade com
modity of heaw movement-
Mr. Escn-s plan is said to be based
upon the theory that the present rates
not only pay the carrier for hauling
tne contents oi tne car, put also ror
hauling the dead weight of thai car
Itself, and that where percentage of
revenue rreignt to tare weight is
greater a lower rate of freight on the
revenue iretgnt win net tne same gross
ton earnings as on a lighter load and
will compensate the carrier by paying
the same amount per gross ton for
each additional ton bandied in the
heavier car.
The Esch proposal Is said to hit
every branch of the lumber Industry
from a different angle favoring the
shipping of heavy loads and handi
capping the shipment of light bulky
material such as sash and doors. It
would Probably also eliminate under
weights In shingle and greatlv re
strict tne range or underweights in
all other forest oroducts.
So many Interests are so vitally con
cerned in this imoortant freight rate
matter that the Tacoma meeting will
pronaDiy have an unusually larre at
tendance even for an .annual meeting.
Topplna- off the day's activities, Ta
coma lumbermen have sent out invl
tat Ions to the mill men, loggera and
timber owners or oresron and wash
lnrton. Rrittah- Columbia and th tn
land empire, for a dinner at the T
coma Hotel In honor of J W
of Seattle, retlrinc president of the
association, and Thorpe . Babcock of
Hoquiam, Wash., retiring secretary of
ids organization.
This dinner at o'clock in the even
lng promises to be one of the great
est lumber dinners ever stared.
The annual meetiner of the association
win be held in the rooms of th Cnm
merclal dob. Tacoma. t Iran in h
afternoon. In addition to the annual
reports and addresses and the elec
tion or a. new board of trustees, there
win m an illustrated lecture on lum
ber, its properties and nrnn.r ukm
by O. P. M. Goss. consulting engineer
of the association.
It is strange, but true, that few
business men and merchants know how
to figure profits properly.
The correct foundation of a success
ful business, which is even more nec
essary than capital, Ls as follows:
First. An absolute knowledge of the
cost of conducting your business," so
that you will know every item of ex
pense in connection with same - and
charge it correctly to each department.
Second. The correct method of pric
ing your goods, so that you can place
a desired profit on your wares, thus
being able to prove to your own satis
faction It Is correct.
Third. To know that each article Is
giving you a profit, or a reason for
not making one, and that each article
tanas its proportionate rate or ex
pense.
The roliowins table mar be handy
to refer to, as it plainly Illustrates the
difference between profit on Invoice
and selling price:
Five per cent added to invoice cost
ls four and three-quarters per cent
profit.
Seven and a half per cent added
to Invoice cost is seven per cent profit.
Ten per cent added to invoice cost ls
nine per cent profit.
Twelve and a half per cent added to
nvoice cost ls eleven and an eighth
per cent profit.
Kirteen per cent added to invoice
cost is thirteen per cent profit.
Eastern Cash Wheat.
. rmwib e. l hard, .susi; No. I northern
1 Ktlnneamlla Ka. t . hrt tl mvaiuv
No. - 1 northern. $1.89 . to rrtre!
t l.4i 1.904 : cb-Moe. S-.W54: to arrive,
l.K; ro. s vtortnern. 81.8601.S2H: No.
Tiorinern. si.-bti.k; Ko, a hard Mm.
Trns, at.K94Maii.vi4,; v l Dnrnsv 82.024:
choice, $2,09 34; jfe; 2 Durum, fl.92Tie2.03H.
Sixteen and two-thirds per cent add
ed to Invoice .coet ls fourteen and a
fourth per cent profit.
Seventeen and a half per cent added
to invoice cost is fifteen per cent
profits
Twenty per cent added to invoice
cost is sixteen and two-thirds per cent
prom.
Twenty-five per cent added to In
voice cost ls twenty ter cent rroflt
Thirty per cent added to invoice cost
is twenty-three per cent nrofit.
Thlrtv-thre and a third ner oent
added to lnvolc cost 1 twentv-five Illinois Central ..
per cent profit. Industrial Alcohol .
Thirty-five per cent added to invoice Inspiration
tvi w iwemy-six per cent prout. z: " v
Thirty-seven and a half per cent wlLS'. '
added to invoice cost is twenty-seven J.-.? r!i '
mn m v,,-t. . ri . UfluwtnM Steel .
Lblh Valley
Alusks Gold 0h M t,
Allis Chalmers, c 2S'3 2V-jl 2 2S
do pfd ; S
A .l... c: . . I -. i at I til , 41a
An-eriran Can, c I 46 7 I W' 47
dV. pfd I '. ..' Iw
Anrerlcan Car Fdv.. c.l t , 63 I 67V 7H-
American Unseed, c.l
do Dfd i ! I
A n.erlca n Ix-o.. c.
American Smelter...
do pfd
American Kug-sr, c
American Tel. it Tel
Aniertcan woolen, c
Aneconda Mining Cj .
AtchiKn. c
do pfd
Baldwin Ixwomotlve, r.
do pfd
r.tlttrnore tt Ohio, c.
Bethlehem Steel, c
Butte A Pnperior
Cal. Petroleum, c
oo ora
Canadian Pacific
Central Leather, c
Chesapeake a Ohio
Cblesfo a Gt. W.. c...
do pfd
Oilcsto. M. & "t. P... .
Chicago 4 N. W.. c
Chlno Copper
Colored o r. a I., e....
Cons. Gas
On-n Products, e
do pfd
Crucible Steel, e
do pfd.
DUtlllers
There Was a sowing of weakness In
the tru.de for por tituff, and al9 In
jrenerxl were ma at a decline of I5o
from the prevlouj ;eck.
General eai'le roarlet ranee:
Best heavy beef seer
Best light berf aleeti..
Best bref rows -1
Beat heifers
Ordinary t good cot
Uavy bolls -.-
L If lit bulls 4..,
tsives
105 IOC1, lOOt. 1S
. . ' " ' n
6
'42ft
4H
29
103
BOV,
04
MW 37 V Ml
1 '102
S2V.I v2V,i KJVs
434 400 'S
49S 40 I 4
2S 20tj 27
1M 1fi2S'lfH
904 IMVi,
ftl! 64
1
Erie c
Goodrich Rubber
Gt. North., Or Lands.
Gt. North., pfd......
Greene-Can.
Hide a Leather, c
do Dfd
Ice Securities
ra Mi j r.ft
47 H 47H1 47 Vi
13.", 13.1V 1.13
24 24 V 23
"4 ia" 04
'27S 2H" '27'i'
82 tb 3i S2
eo eo 00
3 30 35
tfc
4
13H
30 H
90
12S
6.1
47
133
24
103S
4
112
30
U
43
71
125
4c;
T8
71! 71
13
71
29
1105
126ll2ft!12
8 Q 80
D.ooQSJie
;.2iT m
7 54
sisaes-i
4.M4J3.O0
3..4t4 23
6 00lt7 0"
tS 75 .V)
s.ooiaoo
! m
7v,! 7W, 7H! 7S',
iooio! 103 w;
I i 116
i!12 !1 12' 112 :I12Vi
'I2:il123.12:i 123
St S4! R3! R3 I 'oi-ker-feeder steerk.i.
Hob- PrWSiAre Lifted.
Illeher iirlcenwrre ajrain forced for
swine at NortlS Portland during ths
... . I . rr- v. . 1 . . . - 1.. .
n t-VK. lliciti HI" XL ritai ivns ill ikv
receipts as comfinM with the previous
week. Top hogs sold during the latter
part of the weeik )4 $10.60, which Is ex
pected to rulo etrly In the coming
week if an advance above this Is not
rorced.
General hog range J
Heavy narking 810.8OO10.Sn
90! 83Hl 00 HrtTT butchers... .J 1O4O4J10P4
Ktugn, heavy. ...4.4 eaf 9 3
Pigs ,.!. S.304 S.23
Blockers 4 XlQ a28
-t-
and a fourth per cent nrofit
. - . .... . liTiiizn aur. . . . .
r. "..VL-r. . P Ixmlsvllle A Nashville. 1131
ii " vcui. Maxwell Motors, c,
pr2i:L . Mexican Petroleum
Forty-five per cent added to Invoice Miami Copper
cost ls thirty-one per cent profit. I m. K. T.. e
Fifty per cent added to invoice cost I do pfd
Is thirty-three and a third per cent National Lead
profit. ; Nevada Cuu ,
The only wav a business can be sue- ! New Haven
cessfully conducted is to figure your . New York Central.
prom on ftemnsr Drtc ana not cost r.
For example. If you buy an article at
$1. mark same In stock to sell at $1.50.
reduce to 90 cents, what is the loss?
Will some reader answer this question?
5S
40
M"
rs
5S
FARM LOAN BOARD IS
OPPOSED TO EXPANSION
Washington. Jan. 20. The federal
farm loan board is much opposed to
the establishment of a thirteenth dis
trict in the Intermountaln region with
a federal land bank as headquarters lo
cated at Denver.
When the board districted the United
States dividing it into 12 districts as
provided by the rural credits act, Den
ver was not given a federal land bank
and a wide stretcn or intermountaln
territory was left with no headquarters
city to serve It. People in that section
of the country were somewhat incensed
at the decision and a bill has been of-.
fered in congress providing for the
establishment of a thirteenth district
to remedy the situation.
The farm loan board ls extremely
anxious that the measure does not pass.
The board believes that the country is
divided Into districts in a manner to
best serve the interests of the farm
ers desiring loans and lnvesters pur
chasing the bonds to be issued by the
reoerai land nanus.
The nature of the territory which
the proposed thirteenth district ls de
signed to serve is such that the addi
tional unit of the system would be un
successful in the opinion of the farm
loan board. The land is essentially min
ing rather than agricultural land and
the moneys raised through the farm
loan system cannot be lent on mining
property. The agricultural land Is al
most entirely dependent upon irriga-
Norfolk a W., e...
Northern Psciflc...
Pennsylvania Ry. .
People s Gas
!Vi 59
104 ;104
41 4Z
0
78
131 129
61
24
101
136
'3e
ftl
24
ioi
130
6
tlon to make It productive.
The farm loan hoard believe that
under th ilnnmatanAi a rUmtrift Texas Oil
servinr auch terrltnr-w veliialvl v 'Texas Pactfle
would be unsuccessful. Bonds based T"r" T'PJJ
Pittsburg Coal, c
do pfd
Preased Steel Car. c...
Ray Cons. Copper
Rallwsr Steel Springs-
Reading, c jl3
do J at pra
Rock Island
Sesrs, Roebuck a Co
8battuck
Studebaker, c
do pfd
Bloca-Sbefflelri
Southern Pacific
Southern Ry., c
79
2
I t
23.1
79
27
60
103
41 H
ao"
24
ioi
135
6
68
13
40
A9
5
78
12
59
104
41
19
eo
.24
4A
lOl V,
2S
13.114
106
C6
103
V
lit
79
27
.10
iU3i;i(r.ciu
I 43
31 31 .11
23t 231! 23.1
79
26
JOBBING PRICES IN PORTLAXD
. "
These prices are tiose at whlea wholesalers
sell to retailers, lexrpt s otherwise, stated:
Dalr Produoa,
BUTTER Ctei Bery prints, la para fl as
wrappera, etras, atr ,prim firsts, 87c; first.
34r: cubes. 1c V cartons le advanc.
BUTTKU1TAT Poi land deUrsry No. 1 sow
cream. 3&c; So. 2. pe.
KGGS Selling, pipe: Nominal rase emmt.
40c; buying price, he; selling price, candled,
41c; selected, la cCtoos, 42c; April storage,
301 S.V. f
"LIVE POULTRY 1 Hena. heavy Ply month
Rocks. 174Z17r; oSlnary cblckena, 14QI6e;
stags 14c; broilers, isder - lbs.. 20r; turkeys,
20c: dreesed. fsnri 246 25-: colls ISU-Mr:
squabs. (J dox. : geJe. live, 12Qlic lb.; Pekla
auras, yvung. ia- 1,: inaisn Kunoers. young
1H:: old duck. lnJib.; uiEeooa. 81.00 duarn
C11KKSE Weltincf rlie: r'reah Oregon fancy
run cream iripieiaj c; 1 oung America. Z3e.
Price to Jobbers: Bats. 20r; Young America.
II? f. o. b.; cresnibrlck. 27t2sc; Uaiboiger.
Ue26c; bkxk Sle. S44235C.
Fruitaknd Vagsuhlas,
FRtsn rRUt rf traugea, navel. I2.00Q
2.73 per box; baknaa, ue per lb.; lemons.
83.003.73; ouintnu grsperruit. f-'uxso;
UbKKl ta iKirsetiernes
local. .ixj pcr'Bui; eaaivrn. i2.au par
AI'I'Lts lucs, according to
quality. I
ONIONS No, i 83.50; No. 2. $3.3004.00
per cemai; iifKiiiiua viiiu price at coon
try M7inia, o.'llit-r tbiii.
27 27 27
100 10U 106
' 1
97 07) 97
81H 31ti 31V.
33W ZM)
27
10N
lonu.
67
98
81
Union Pacific, e.
do prd
fj. 8. Rubber, e.
do pfd
U. 8. Steel, e..
do prd..
Portland Bank Clearings Make the
. Greatest Gams on the Pacific Coast
Bank clearings In the United States for the week ending January 18. as
reported to Bradstreet's Journal, New York, aggregate $6,045,914,000.
against $6,043,789,000 last week and $4,449,754,000 in this week last year.
Following are returns from Pacific coast banks for this week, with
percentages of changes shown this week as compared with this week last
Utah Copper
Virginia Chemical, c.
Wllly'a Overland.
wool worth
Total sales, 279.800 shares.
on farm mortgages secured by such
land would be regarded undesirable by
investors, me Doara oeiieves.
The board members feel that the
needs of the intermountaln country are
well taken care of In the districting
nlan decide, nnnn hv th hnnrri Parm.
ers in that region desiring lrvns can ! XfT,11.01"!?". Electric
organize national farm loan associa
tions which can do business with the
Berkeley federal land bank, with that
at Wichita, Kans.. or with others in
the east, according to how they are
situated with regard to the present
districts.
There has been very little criticism
of the manner in which the 12 dis
tricts were laid out and the 13 federal
land banks located. The board has re
ceived no actual formal protests and
In that respect differs from the federal
reserve board which, soon after the or
ganization of the federal reserve sys
tem, had a number of protests on its
hands, some of which have not yet fl
ally been decided. s
As the majority of members of con
gress are likely to take the advice of
the members of the farm loan board
it ls to be expected that the effort to
establish a thirteenth district will meet
with a failure.
230 231
"
47
144!l44144'144
I I 84
00 00 60 I 6)H
! 110
113;I14H13!114H
121'121!l21 ;120
1WJ va , 1 OT i lOw Tti 1 1'7
43
53
147
53 53
149VU7'
.13
3C
149
Wheat Growers in
Fear; Lack of Snow
Walla Walla Producers Alarmed
Over Cold Weather Crop Is
Not Making Progress.
): cranberries,
. $12.50 par barrel.
Total liabilities 48,423,000
MEMORANDUM.
Federal reserve notes outstsndlnr la
bands of public $12,008,000
reoerai reaerve notes In hands of
nk 2,634.000
Itet amount rneral reserve notes
leaned to bank by federal reserve
wt 14.753.000
ueouct gon ana lawful money depoe-
tfo dj bank wun rederal reserve
sent 14.T32.00r
Hew British T-oan- Details of the
new British loan have been received by
the Lumbermena Trust company. Tho
loan will be a total of $250,003,000.
dated February 1. 1917, divided $100,
000,000, maturing In one year and $150.-
000,000 in two years. A direct obliga
tion of the United Kingdom of Great
Britain and Ireland and secured wltn
bonds, stocks and other securities ap
proved by J. P. Morgan A Co., de
posited with the Bankers' Trust com
pany. New York, amounting to and to
be maintained at valuation of at least
$300,000,000, calculated on prevailing
New York market prices. The collateral
is to consist of the following: ,
Group 1 Stocks, bonds and or other
securites of American municipalities
and or corporations (Including among
the corporations, the Canadian Pacific
Railway company) and bonds and or
other obligations (either as maker or
guarantor) of the government of the
Dominion of Canada, the colony of
Newfoundland, and or provinces of the
Dominion of Canada, and or approved
Canadian municipalities; aggregate
value not less than $180,000,000. (Ot
the foregoing there will be somewhat
over $100,009,300 In value In the se
curities of cities and corporations of
the United States and of the Canadian
Pacific Kail way company.)
Group 2. Bonds and or ether obll
rations (either as maker or guarantor)
of any or all of the several following
governments, to wit; Argentina, Chile,
Cuba, Commonwealth of Australia.
Egypt. Japan. New Zealand and Union
of South Africa, and or bonds and or
other obligations of approved railways
in Argentina and or of the Grand
Trunk Railway company of Canada.
and or approximately $28,000,000 value
in bonds and or other obligations of
dividend paying British railway com
panics; aggregate value not leas than
$150,000,000.
Osva Convert Tjoews An rxtraordl
nary feature of the loan ls provision
for converting the short term notes at
the option of the holder any time be
fore redemption Into 20-year five and
one-half per cent bonds of the United
Kingdom of Great Britain and Ireland.
y Kints. so.Mii per menial. I it la pointed out tnai me long lerni
POTATOES ellng price: New local. 82.21 1 hnnda with the return of peace, wllk
year:
san Francisco .....
Los Angeles
Seattle
Portland
Oakland
Tacoma
San Diego
.$88,996,000
. 33.805,000
. 17,405.000
. 15.947.000
. 6,763,000
. 2,726.000
. 2,326,00
i
Inc.
55.7
CO. 9
43.8
61.1
869
3S.4
53.S
DAIRY PRODUCE OX THE COAST
1 avsaeiBBBBBBSBBBBSBaaaa
Seattle Market.
Seattle. Wash.. Jan. ,20 (C. P.) Butter
Native Washington creamery cube. SSc; dHts
brick, 89e; storage cubes, 35c; ditte brick. 35c.
Eggs Select ranch. 43c; April storage,
83c.
Cheese Oregon triplets, 21c; Wisconsin trip.
lets, 23c; ditto twins. 23c; Toong America,
25c.
San Francises Itarkat.
San Franclse Cal.r Jan. - 20. TJ. P.)
Bi'trer Extras, 37c; prime firsts. ic; first.
6e.
- Ecga Extras. 37 Up; pallets. S3c.
Cheese California fancy, 17c; firsts, lie;
Oregon triplets.- fancy, l'.4e. - f . -
' . : m tee Angeles Xarket. '5"X-s
Los Angela Cel. Jan. 20V (P,
Eggv-Caae tvn, 3jkv . ----- J - . ' - -".-
POTATOES ALONfJ THE COAST
Saa Francisco Market.
San Francisco, Jan. 20. (U. P. Potatoes
River. 82.40ti2.65 ner cental foe choir mi eh.
whsrf; soecial branda. 82.75; Salinas, 2.50
n.rri jwunm, reuar Sloes, sz.is. tm
the street; Oregon Borbanka, 82.5oa2.63:
WatsonvUle, 92.40422.00; Yakima Gems. $2.30
2.5& .
Onions California rold storage. $4.00 froai
the Icebouse, and $a.CXX38.M on the street.
Seattle Market.
Seattle, Jan. 30. l. p.) Onions Oregon
5JHc; Yakima, 4tt5c: Australian browna.
Ufctalie; Spanish, esse. 81.75: boiling. 4e.
Potatoes White River, S42$43; Yakima
Glf- 470; locals. $44; CaUfornra .weet.
Lea Angalsa Market. -- -
Xot Anreles.-CaL Jan.. -jp. w - a vp.
tatoea--SrUera,- $2.9003.10; Lempoc $3.0
Walla Walla, Wash., Jan. 20. Wheat
growers of this section ot the state
nave been uneasy during the pat
week because of the prevailing weath
er conditions, which have not been
wholly favornjle to the growing grain.
Continued low temperatures occurring
with no protecting snow on the ground
have kept the growers anxious, but
it is believed no damage has been
done, even though the mercury dropped
on one or two occasions as low as 15
above xero.
Practically no precipitation has oc
curred during the week. Rain at this
time would be of no benefit, as the
ground is frozen to such an extent
that the moisture could not penetrate
the surface, and much damage by
"washing" might occur in the hill sec
tion. Farmers generally, are pleased with
the prospect for an early spring season
and an opportunity to hurry the work
that has been delayed by unfavorable
fall and winter conditions.
Wheat Market Is Quiet.
Walla Walla, Wash.. Jan. 20. Local
ly the wheat market has "remained quiet
during the week, with no sales reported.
Quotations have held stationary. Fruit
men are engaged In pruning and blight
cutting, and orchards are reported in
excellent condition at this time. The
warm weather of early January, it wss
feared, might start the buds, but a re
turn to winter prevented such a contin
gency and no damage. has been done.
New York Sugar and Coffee.
New York. Jsn. 50. (C. P.) Coffee No 4
spot Rkt. 10c: No 7 Ssntos, -lOfte.
Sugar Centrifugal. $5.27. -
Buying pi-e: Ordinary shipping. 81 73
il.M: fancr, i:.00a2.10; smecu. No. 1
4-n0i4.25. 1 f
VKiETABl.ES f-Turnips. $1.0031.73 sack'
ctrrots. 3100? garanlpa. $1.23; Oregon cab
bage. SJ-OO iwrj: green onions 'jAc dosea
bunches; peprerr20c lb.; bead lettuce. 82 SO
eiate; celery. $5.)u3.&e-Vrste; artichoke. SO
tS$l.O0; cocuufbfi. 31-30 doses; toaostoea
California, t ) lerate; egg plant 20e lb.:
string been. 22L lb.; rhubarb ( t lb.; pea a
lj20c; cau&fldrer, California, $iU0QZS
per crate. I
Meats, Bah and Prcviaiena.
A1K..TS Selling price: Coustrv
kied beat hogs, alSc: poor, I0ai2c: best
vpsIs. 14ial3p; Jiua.-r, 13ttl3,e; beavyy s
tlc; poor. 7; g- it. 4c; Unib, lbttlTc; mutton
li13c; beet. 4,4c Ij. '
fcMUKEU M X.1 I S Hams, 21Q24 .
brakfaat bacon, mi31c; picnics. uCet eot
Uge'roll. 17c; Jrt clears 17)actjinc; Ore
(in; eiports, ' an ked. 2-e lb.
UKD Eette rendered tlerees. u,.
standard lit; ifd com pound. 16Ue.
OV-STEKS-r-Olmpla, gallon. 8.23; eaaned
eaairrn, wmacu. caaiarn in shell
31aO per 104; lur clama ( ); rstern oys,'
ira i-.r trdHnnl a.ill.1 nark MAA '
KlsH UrejweW flounders. 7c; silverslde ssl
nioa t ) pet l. ; steelbesd. 14c; perch SHe
lobsters, 304; (Jver amrlt Ov; aa'oxia' trout
18- per lb.j bttibut. 1416e; sturgeon t 1
Columbia snslt. 12c. ' '
CUABS Laxfe. $f.i3; medium, 81.23 dosea.
ttrocenes
SUGAC Corts. 88. lO; powdered, 37.96; fralt
nr berrr S7&1: Honolulu. 17 aOt hut e? .
dry graoulaSdj $7.33; U yellow, 84.78. Above
HU.VK1iJ.lew, tMOtti.V ucr mm
RICK Jajan styie. No. 2, 44c; New Or
ICLrta bead.rb4.i'-ie; Llo- rose. 3U.
SALT Cdtrse, Lalf grounds, tons. 811 nee
too; SOB SM3: tsblo dulry 60s J14.O0- ;oois.
Ili.SO; .bake. 82.26; .ancy table and dairy
:.Ul; lum reck. $20 ton "
BBANJ-4mall white. lH,c; large white.
10e; pink "4! We; bayoo. SVie;
red. 9KC. t; - c.
tees. Wool and Hides,
BOPS Sauinal. ouylng price. 191( ereau
srdtnary. hwoe; relwcted. 7j8e lb.
WUli-l clip: Willamette valley eoeraa
Cotswold, afc'i nMrdlom Shropshire. Mc; fine.
22c; esateni Oregon atapla a3c per In.
coorse and medium. lo.
HIDES qkhed bldea. 23 lbs aad an. 1S-.
salted stagl 0 lbs. and np, 14c; greea and
salted klpj 15 to 23 Irs., lc;" Jkm" 1
salted csl7 skins, np to 13 lbs.. KTJ
hlees. 23 bs. and ip. 17c; gren stags. 6
lbs. snd . 12c; dry hides. Sic; dry salt
bides. 15 of dry horse bides. 31.u0u2.6u: aalt
horaa hldei. 83.00i3 OX); borsebslr aoet dr
long wool belt. 22jZ3c; dry short wool pat ta.
I7e. dry aleePi shearlings. ea h. 10j23c; aaltea
beep ahetrllags, each, lut23e; waited loos
wool pel, each. $lCf.Atf; salted sheri
wool Delta each. b0cJ$lJu0.
T A LlXln ao. 1. 0c; No. . le; grease. U
per lb.- -.i
CHltTlW CR CASCARA BARK Seytag
y r iv. sraas -ew -v, w ves aasv.
-MOHAlR-MSie. .'4i43e.
blAAL-Ulrk. 14t; whl' 13 Dv
I Paiata aad Oils.
COAL. Oil Water abite lu drams and tree
barreK, 10J
LINbEEU OiL Raw .barrels. $1.08 gallon
ketle boM4 barrels, fl.10; raw, esses. 81 IS;
boiled. caaL. $1.16 gallon; lots at 260 gallons
le tesa. f
TUKPENflNB Tsnka. S7c: cases. 72c g.l
WHITE LEAD Ten lots, lie lb.; 600 lo.
lets. 11 V leas ts. UHe lb.
OASOLP 5 rfaals price. 21 He gsuoau atte
ntate. 10 ,t zailon.
Beet. Buying rrlee.
rXOTER-Ked, 14c; alstke. 134 lb.
TIMOTli; Ii44'4e; domestla ry grass.
8H4c. wtch. W84ie; oaloa. 8Ve.
aPDreciate greatly in value, offering
the holderntlelpation of a large profit
from their sale, me owners oi tne
short term notes will have one and
two years time In which to make np
their ralnde whether to exchange their
notes for long term bonds or hold tbem
for redemption at maturity.
The price to the public will be basis
to vet six per cent, free of any British '
taxes present of future. Principal aad '
semi-annual interest payable in United
States gold coin In New Tork. or. If V .
desired by the holder. In London at ths
fixed rate of exchange of $4.$CS. Tha" .
notes bear interest of five aad one-half
per cent and will be sold at a discount
19.8 J and Interest and .07 and ta- : "
terest respectively for Us one and two
year notes. - -
Taderwrlte Babber Bemda. Tha '
Lumberroena Trust company ls a mem :
ber of the syndicate formed' by Kuhn, -;
Loeb & Co. to underwrite $$i.0O0,OJ '
first end refunding mortgage five per ;
cent $0 year bonds dated January I,
1817. The bonds wUl be offered to the
publlo at $.75. At the public subscrtp
tion price the bonds will net over J -
per cent but It Is expected that thy
win advance In value very quickly like
the recently sold American Telephone
& Telegraph company issue, which, was I
offered to the public early in Decern-'
ber at IS and rapidly rose to above
par. now hovering around
The. united States Kubber company '"
is one of the foremost corporations in
the eyes of the public, manufacturing" -
rubber footwear, waterproof clothing.
drugglits rubber goods, hard rubber" .
products, insulated wire,, automobile,
vehicle snd bicycle tires, hose, be I ting, -
packing and other mechanical rubber - .
goods, operating more than 40 great
rubber mills In Connecticut, Illinois, .
Massachusetts, Michigan. New Jersey,
Indiana, Rhode Island, Pennsylvania,
Ohio and Canada. It has 121 braa eh
houses in the United States, 21 In
Canada with Its own foreign ' rep re- -sentatlves
In Europe, the orient and
South American countries. Its sub- -eldlary
corporation, the General Rub
ber company, owns the largeet rubber
plantations In the world. The cent
panys production of crude rubber, is -great
snd rapidly increasing.. In ad- .
dltlon to maturing rubber goods 'the .
company conducts a vast trade In crude .
rubber, supplying, In addition to Its
own needs, much of the raw product,
used by lesser companies. .
The net earnings of the United,
States Rubber company for Hl$ were.
In round figures. $12,800,000, an an-,
nual Increase of approximately $1,000,- ,
000 each succeeding year 'for lilt .
1315 and 1$18.
Xlara Trios for Tlxaber. atxtreme
high prices are ruling for timber'-tn -New
Brunswick, United States Consul,-
rucnarason writes rrom there:
At- a sale of Umber rights held In '
this province on December ST. It It,
sbme remarkably high prices were real- .
Ised. These rights are for ths cutting?
of all classes of lumber on crown lands, .
and in this instance were offered at in
upeet price of $20 per square tulle ($40.
acres) in addition to s tuna page, (an -amount
payable to the provincial gov
ernment estimated upen th,e superficial
feet of timber cut). The present rata.
Is $1.80 per 1000 superficial feet, on -
spruce and pine, f 1.21 en hemlock aad
fir. snd 10 per cent of the value of
the sawn or cut lumber at point of '
shipment in the case of stock not spe
cifically classified, as, for' example,
ship knees and woods for othar than
standard commercial uses. -; . -
The provincial law provides that.BO
tree shall be cut which Is too small to
produce a long IS feet long by inches
In diameter at the smaller end, but the
lumberman Is required to pay e turn page
on and remove the remainder of. tha
log up to the point where the diameter
ls only C inches. .
Mew rorelg-a Baeaaajr T The -federal
reserve bank of Ban Francisco
may shortly put into practice a new
system of handling foreign exchange .
whereby a fund of gold will be set ,
aside to be used as a clearing house
through which debts owed to foreign ,
countries msy be adjusted. Tbe plan
would contemplate the participation of
many national banks in the fund. ----.
In the natural course of business
Americans often owe persons lo foreign
countries sums or money. The normal -method
of adjusting these debts is to -ship
gold to the country to which
money ls owed. Owing to war condi
tions it Is difficult snd dangerous to
ship gold overseas so the plan has been
suggested of merely segregstlok '
amounts of gold owed to foreigners and
safeguarding them from confusion
with other gold. Although the physi
cal gold doee not go to the creditor
country the title passee and It may be
drawn against. In working out this
plan the federal reserve banks will act
as trustees for other banks.
PAULHAMUS TO START ?
CANNERY IN THE VALLEY
Puyallup, Wash.. Jan. JO. W. H.
Paulhamus, president of the Puyallup
and Sumner Fruit Growers associa
tion, who has announced plans for the
establishment of canneries at North
Yakima. Spokane and somewhere tn
the Willamette valley, said today that
he ls planning on visiting Oregon to
look over the situation about the
middle of February, lie says he will
visit Salem. Albany. Corvailla. New
berg and Brownsville.
He received a telegram from the Al
bany Commercial club last Monday
urging him to come there. He hae
written saying he will be glad to have
the opportunity of looking over that
section of the valley.
If the WUlametto valley Is success
ful in getting a cannery, oacaeo dj an
association as large as the P. A 8 It
will be an Institution that will fur
nish employment to from 10-000 to 15.
000 people during a big portion of the
vear. This is the case In the Puyallup
valley. The P. 4k H. association has a
mcmbanhln of aDDroxImately 1500
J rowers. The berry season opens In
one and lasts until after October. To
harvest the berry crops of this valley
?3.23; local. $2.00f5.83: Oregon Buehaaka.
$2.6322.75 Idaho BoMeis. 83.0041 3. IS; aeeU
potaloee. Early Rose. J;,wle Rose. $2. ST.:
Americee Wondrr, ; 83.25; ,- ty f3.SG4t4.00
ort; $1.33 lug., . - v ; ...
It required between 1000 and 10400
berry pickers last year, and even then
there wasn't enough. These pickers
come from all over the state, but a
big percentage of them are local reel- '
dents men, women and children,
whole families, take advantage ot the
great amount of work. Kacn picker is
paid SO cents a crate.
Tha local association has two can
neries one at Sumner and the other
hare. Both bave about tho same cav- .
paclty. The offices of the association
are located here. During the roeh :
season about 21 are employed in the :
office. About half that number are
employed all year. And during the ,
canning season between 400 end -ISO.
are employed about the canaries. The
majority of these are women and
girls. Few of them are regular work
ing women and girls. On the contrary
they are housewives and high school
girls. Many of them are society folk
who work Just for the novelty of it
and Just bees use everybody gets, the
tee every year during the berry sea
son. Others do It Just to pick up some
change. One might feel that there Is
a common slogan. "No one la too good
to work tn the cannery." - v
- , - vt -
BUSINESS CONDITIONS
ARE GENERALLY FAVORABLE
ttle Grain Market.
Seattle. IVai-B.. Jan. 20. (P ' X. A 1 Whea t
ttleeetenl $1.6; Tarney red. ti.ss: fortr-
fckt, $kk eWb. $1.03: fife, $t.3j red Rn
tA' barley. S3 per awe. i Receipts.
vt leaviafears; sarriy, l' ear. . .
Viapears; bs
New Tork. Jan. 20. (I. N. S.)
Bradstreets says: Business is good
for the season with less peace talk
There la more confidence as to near
future purchases and sales. The coun
try's leading Industries are sold far
ahead, retail trade in heavy goods has
been accelerated by cold weather and
traveling salesmen are meeting with
success in booking new orders. Con
servatism is of course evident. Reck
less buying Is not In vogue and do
mestic demand for steel has slowed
down, but It Is evident that supplies
of essential staple articles are not
excessive.
Prices, with few exceptions, con
tinue to swing upward, thus exerting
a conservative influence upon buying
at retail as well as wholesale. The
shortage of rallwav cars, desnlts lm-
J provements shown in the past two
months, seriously impeoes movements
of fuel, steel, lumber and Other com
modities that are usually shipped In
bulk, -while paucity of ocean bottoms
greatly hampers export trade. Reports
of. a better supply of labor are be
coming more complex.- and because of
the difficulties encountered In send
ing out exports of pig Iron, titer e Is
some talk of resales .of thai metal.- -
Incidentally, retailers in parts of tha
country are concerned over the fact
that compensation paid salaried em- -ployes
ia not keeping pace with tha in
creased cost of living and there is .
some evidence that high prices tend,
to react upon consumptive demand.
Lskewlee. some monition works tn ths
east have been dismantled and the
machinery shipped to Canada.
On the other hand producers " of
textiles find it necessary to limit
business taken from Jobbers and. tn- -deed,
eome mills are accepting orders
subject to allotment when si! orders .
are in. This bars of stocks situation,
a condition that exists in numerous
lines, buttresses prices.
High prices for grain and livestock
spread cheerfulness throughout the
mora Important centers of. the-went
and activity in mining, docs likewise -for
metal bearing regions, and snow;
covering for fall . sown' wheat Ls mors
than jiormal. . ' -.. . - - - -
Money is easy, collections are good,
demand for. bonds overtax ee the sup-
fily. bank clearings- continue to run
n to large figures deposit in bank-
are heavy and the-American plants
are expanding for ths purpose of -manufacturing
products largely . Imported
prior- to the war. - ;