- i
' THE OREGON ' SUNDAY JOURNAL, PORTLAND; SUNDAY MORNING, FEBRUARY' 4 1917.
RAG PICKER IS THE MAKER OF. WOOL PRICES
: Edited by
HVman H. Cohen
TREND OF-VHEAT IS
VERY ERRATIC DURING
, THE WEEK'S TRADING
Entire . American Trade Makes
Quick Upward and Downward
Price Movements Foreign SUu
r ation ,VUl Affect Quotations, i
PURE FABRIC BILE IS
NECESSARY TO PLACE
.WOOL ON GOOD BASE
W'oolman -Suffers More From Com
petition of the Junkman Than
From Any Other Source- Honest
Mills and Industry Need Measure
BOYS' PIG CLUBS ARE SUCCESSFUL
The erratic trend of the "wheat mar
ket all through the United State dar
ing: the week was not unexpected In
view ot foreign conditions. The early
weakness became erratic when dlplo
,roatic relations were severed between
the United States and Germany.
: It is a situation in which none are
able to forecast the future, although
till ean make a guess.
If the United Htates prohibit the
imiortat!on of cereals to foreign coun
tries as some believe will be done aa a
resulfof latest foreign developments,
then there La likely to be a lower price
range. If. on the other hand, the ac
tion of Germany's submarine war
makes it Impossible for Europe to se
cure its need In thla country a similar
.condition will exist. -
Only the free selling: and movement
of wheat to Europe wili keep the
wheat market on its present oasis.
There la a possibility that the market
would go even higher if liberal pur
chases are made by foreigner
- Taken at the best the outlook for
'Wheat prices la not the. most hopeful.
FLoUltallllug price: latent. (8.20-, WIW
lunette taller, tl.; local straight, (7.404J
T.hO: bekeW local, (.0tJ8.aO; Vfentaca
" Siring, (O.tvh export, (7.16; whole wheat,
S8.0O: graljMiS, (8.40; rye flour, 18.70 P
barrel.
, HAY Bujtpg price, new crop: Willamette
lie j tlmotftjt, fancy, (17.00; eaatera Oregon.
Idaho fancy timothy. (;!. OO; alfalfa, (17.00;
valley yetcn, (13.0V; cheat. $L3.l0; ctoTer,
112.00.
GRAIN SACKS 1916, nominal: No. 1 Cal
cutta. ll42Uc lu car lota; leas amounts
- are higher.
M I LLMUFFS Selling price: Bran. $2440;
borta. (30.30.
ROLLKU OATS $7.r)2.00 per barrel.
ROLLED BAKI.KY (41 .00042.00 .per too.
Merchant Kxcliais February b:da:
Strenuous efforts will be made to
force a pure fabric bill through con
gress at this session.
A committee rerresentlnar the vari
ous organizations in favor of the bill
wilt soon be appointed, and 'is expected
to have a personal talk with President
Wilson, in an effort to get him pack of
th nmntwl tlorv. ;
Wool growers of the country, as well
as the public, are now demanding a
?ure -fabric out. : euon a law win iorce
he user of shoddy or cotton to put an
nonest laoei on -iua cioin or doming.
This will not only protect the public
from fraud in cjotning, but win like
wise protect the sheep grower and the
honest woolen mill.
Some of the biar eastern woolen mill
interests are agitating the matter of
securing more sheep' to increase the
suppy or wool, one or tne niggest
things that could possibly happen to
the sheep or wool industry would re to
paaa the pure fabric Dill. Tals won id
be all the protection the industry
needs.
It ia the Junkman who Is the great
est competitor of the wool grower for
the wool -trade of the country. The
price of old dirty rags has advanced
far out ofjroportlon to the advance in
the price of wool, although the price
of wool la by no means sad for tne
producer to contemplate.
BOX FACTORY ACQUIRES
FAIR GliOUNI
. Saturday.
1017 1916
Blucstem
160 lOt
Fortyfold
H U7
Club
140 95
Bed Rustlan
143 93
WHEAT
Frl. Thura.
Wed.
-1U17-
Tne
na
141
141
140
1M
H7
113
155
102
149
155 1S2
153 150
153
180
(450 2050
(850 2900
143
FEEl OATS
(450 3500 anno
FKKD PARLEY
USOU 3S73 3tXX)
January.
Futures were quoted;
March btoeitem
March fortjfind
Match clut
March Kuaelau .
WHEAT
March
March
fked oats
Vised hauley
151 10
3560 3650
3900 3900
Bid.
. 152
. 150
..147
. . "144
..3550
..3900
Stampede to Secure
Wool Is Expected
German Situation Is Factor i of In
jKrtanee to Buyers Excite
. inent in Territories.
Boston. Mass.. Feb. Z. The German
crisis will result, wool men expect, in
a speedy buying and selling in every
direction. There ia Mill an immense
Vol u mo of wool to come from Bouth
America. Pending Us arrival, holders
Of similar grades hero will be. able to
if ask any prlco they please lor. their
. holdings.
f- A stampede of eastern buyers to
contract tho new territory clip is cer
tain. South American purchases for the
United States to January 16 are esti
mated at 100,00(1 bales at Buenos Aires,
and at 16,000 bales at Montevideo, Not
over 160,000 to 200,000 bales suitable
for this country remain unsold in the
;former market,
j. Transfers include 1000 original Colo
rado and New Mexico wool on the clean
basis of 95c to 41, and 1000 bags fins
and fine medium territory at 34c to
38c. Choic.e fine staple, territory is
quotable at (1.1 to 11.20. Half blood
staple is readily salable at $1.05- to
$1.10. Three eighths blood, l2c to 98c.
Quarter blood staple at 8Sc to 83c. Fine
clothing at 95c.
Dullest !e scoured wools have been in
keen demand. 'Choice lots bring 96c
to (1, and fine medium and average
""fine. 0c to 95c, Combing pulled wools
sell In the grease at 76c for fine and
1 Tic for medium. Western pullings
are quotable at' 75c to 78e for B supers
- and 78c to 82o for A supers.
Receipts for the week were: Do
,mestic, 3.483.868 pounds; foreign, 27,
; 007.709 pounds.
Walla Walla Wheat
Growers Fear Cold
Too .Many Varieties of Weather
of Late to Suit Grain Producers
Damage Not General.
SITE
. 1
Klamath Falls. Or.. Feb. ! 3. 4-Th
Chelsea Lumber & Box Co. recently
Incorporated in this city nas pur
chased a site for its operations on the
south side of Lake Kwauna, two miles
below Klamath Falls.. This" site.
which includes the 01a lair grounos,
lies adjacent to both lake and railroad,
and as the water here seldom freezes,
it will allow transportation of logt
from the south In the winter season.
Installation of the new plant will com
mence aa soon as weather conditions
will permit. ' The company was incor
porated at $50,000. The mill will have
a daily capacity of 45,000 feet. About
60 men, will be employed at the start,
and the number increased later. The
company expects to start operations by
June 1. '
AMERICAN LIVESTOCK PRICES
Chicago Hogs $12.00,
Chicago. Feb. 3. (1. K. 8.) Hog Re
ceipt 9000. CffflOe higher. Mixed and buteh-
era f 11.45SSIZ-W; good neary, ii.oiz."v;
rou'ah hearr. (11.45QU.TO; light, $11.35(9
11.90; plg. $9.40B10-75; bulk of iea, $11.70
& 11.90.
Cattle Receipts 10O. ateady. Beerea. (7.AS
(312.10; cows and helfera, (4.7."10JIO; etock
ert and feedera, (6.859.10; Teiaaa, (7.85Q
IO OO: calrea. (11.00613.50.
Sheep Receipte 1000, atrong. Natlre and
western t.&oail.75; UmUa. (11514.63.
JOBBING PRICES IN PORTLAND
Theee prices are tboae at which wholesaler
aelt to retaliera, except aa muerwm imw.
Dairr Produce.
BUTTER Creamery prlcta, to parafflne
wtppera. extraa, 42c; prime tirata, 40c; (irau
StC: CUoea, 1C ieiw, I
BUTTE R1T AT Portland dellTery Ko. 1 aour
cream, 41c; Ko. 2. 89c -,
EGGS Selling prtca: Case count 32Q324e;
buying price, 3oa31c; aelling price, candled,
82c; Selected in cartons, 3334c; April ator
aie 28630c.
UVK POUI-TRT Hen. beaTy Ply month
Rocks, 18ai9e: ordinary chickana, 1717e;
atg 14cfcrouera, ouder 2 Iba., 20c; turkeys,
a21c; dreseed, fancy, 25ft2tJc; cnlls, 19ia
20c- aqooba, (2 dozen: geese, lire, ljl3c; I'e
kin Uucka, young, 20c lb.; Indian Kanners.
jorng. 19c; old docks. 18c lb.; plgeona, (1.00
"cilEESE Selling price: Fresh Oregon fancy
Mil cream trlpleta. 22c: Yonng America, 23 O
24c. Price to Jbbers: Flats, 20c; Yonng Amer
ica 2tc fob.; cream brick 27S23c; Llm
buiger, 25Q26c;. block SwUa, 34 35c.
Freah Fruita and VegaUble.
FRJ5SH FRUITS Orangve, navel, (1.053
2 50 per box; bananaa, 5c per Jt.; lemons.
(3 00U3.75; California grapefruit. (2.25Q2.50,
rkrida, (4.254.5U; teara. (1.50(81.75.
BERRIES Huckleberrle ( ); cranberries.
local.. (3.00 per box; eaatera, fu.ougtio.00
PeAPFLEjj Local. 4Cc3$1.75. according to
qua in y, - . v a 1 AAn
4.60 per Cental; association selllDg price at
fat .- -a-siiili--i-iis.-i-B--Bassasssk, '
. I W-g " I imii. 1 .Hi msigvwj.wjw M I-
... im9'1 will
111 ' & 41
UVESTOK
MARKET
HAD UPWARD SWING
DURING PAST WEEK
FINANCE, TIMBER,
INDUSTRY REVIEWED
Says Bast X Xsomiar' Fomiturs
houses or Chicago and "Grand Rapids
have sold out all their product until
Jans and have stopped taking orders,
according to Fred Jenntn&r of Jenning
& Bona, who lias Just returned from
a purchasing trip through the east
ern states. Business in other lines,
he says, is booming proportionately.
Most of the furniture manufactured
this year will be of better grade than
I formerly, says Mr. Jenntng, and there
is a return in style to the early Eng
Record llsh and French periods. He adds that
Hon Reach New Hizh
T, . Oregon manufacturers can hold their
iUi Aery Heavy Demand From of .,ern nro-
Killers Top ' Load of Steers
Moves at $9 Glutton Higher. .
PORTTAND livestock run.
Hoes. Cattle. Calrea. Sheen.
This week 392 775 W
I.at n-eek 57 1KJ7 IM
Prerloua week 31 117 44
Month ago 3111 1kv; l;t
Year ago ....5154 1145 1
To years ago 4W 1271 Y
Tliree yeara ago 2U94 127(1 3
Four yttara ago 13uS 11
own with any of the eastern pro
ducers.
Tlas-JclAl Snashlas.-Another week
of increasing bank clearings at Port
and ts shown. -Total clearings for the
week were $12.659, 514.13, compared
with $8,066,281.66 for the same week
3700 a year ago.
3411
i9n' Vew Tork Bank Statement. Aver
20ts age: Loans increased $38,(94,000, de
'.niand deposits increased $17,139,000,
6102 : ii"v uwaiu iitvreitacu re-
the national chamber, urging their
proval of the measurs. lie has Tr
ready received over' 39- letters ii
reply, aaylng that ths organltatlor
addressed had already vpted in favor
of ths proposal before his letter
received and-in many" cases ths ac
Uoa was unanimous. r,i ,'-r' -Tadsral
Baserv Btatsiaemt Week
ly statement, of the San JTranclsr
Federal Iteserve bank; ;
t REsouucra. ;- v -
Gold coin and gold certificates la
own vagita ...........,.(l3.n?JiT '
In gold settlement fond.. S.M
la gold redemptkm ran4. .......... J5.
Ixgat teener whs, sure, (..... : - (15. c
Total reaerrs cssh. ........ .... .(l.91S.t
Federal reserrs note la bsnda ot
bank
Other etash .4.i
Cheques for local clearing S43.C ,
Una frosa etber fedaral xesates kaaks
(collected runda) B.P71,r-
TrabsXer drafts pxu-chased'.... ...... .B50., .
62t8 : serve decreased (24,076,960. Actual:.
Loans increased $37,558,000, net de
mand deposits increased $8,209,000,
Portland hog quotations touched the 1
hiarhest mark ever rachr1 hir hItm-a
the establishment of the yards at North ! time deposits increased $$44,000, re
Portland. Some time previous to that, 1 serve decreased $25,JJ4,407.
wnen the yards were located at the end
of Seventeenth street, sales were made
as high as $11.60.
Sales of hogs reached up to $11.40 in
the ;North. Portland yards during the
week, although general transactions in
best quality wetie around $11.2511.35.
'l nere was a slight decrease in offer-
Ztrst Conservation Beferandusv An
amazingly large number of America's
business organisations have voted fa
vorably on ths forest conservation
referendum of ths Chamber of Com
merce of the United States, sent out
BdVsra 1 slt AaV -n ari naLins
l'LlVHdnmt of American hu.iness on the
tsKi eek. aa compared with the previ-. - i.-ifi, tii- a -
r . r - - o uvS sb-wvot sb svaaa
can natural resources to be so con
trolled as to prevent undue waste of
the products of the forests and mines
Top Boys' swine judging contest at Ilermiston Hog and Dairy show. Bottom Arthur Crone of Uma
tilla county with the prize winning market pig.
By the cooperation of the United
States department of agriculture, the
state lepartment of public instruction,
and the Oregon Agricultural college
extension department, a great work is
being done to increase., the number of
pure bred hogs in Oregon. An inter
esting phase of the work is the boys'
and girls' pig clubs that are being or
ganized all over the state by L J. Al
len, an extension worker from the
college.
Pig clubs are now flourishing In
nearly every county of Oregon. The
purpose of ths clubs is to teach the
best methods of feeding, managing,
buying. marketing and Judging of
hogs. Each member is enabled to be
come the owner of a pig or brood sow,
and then is taught wuat to do with it.
Fifteen banks throughout the state
are aiding in ths work by loaning' ,o
boy money on their personal m . .s
Kxhlblts are made by club members
at all county and state rairs. Aspnxes,
breeders are offering pure bred stock,
hanks axe offer'. nc- cash Dremiums. and
several Portland business houses have
mariA nthr attractiVA nffera 7'
: An examnla of the results secured
by the work of the pig cUiba Is the
cas of Johnnie Slump of roik county.
This boy. starting with - one orooa
out sx days, and. the outlook for future
prices seems bright. J
Killers are taking practically every
thing in sight In the yards at this time,
and are asking for more.
General bag range:
Hesrr packing (11.rsR11.S5
Rood botchers 11.111125
Rough heavy 10 SOU 11. 00
1'lgs . B.75U IO AO
Blockers S.UOsi V-50
Cattle Boa Is Small.
Only a very small run of cattle was
shown in the North Portland yards dur
ing tne week. There was a rather
steady to strong tone all through the
wee a. Kany in the week a sale of a
select lot of steers wan made at $9. but
the general market scarcely reached
this price for tops.
General cattle market ranee:
Best heavy beef steer.. . (S 50QS.no
Vest lla-Lt beef sie-r. .25S.S
Beit beef cows 7.7J
Beet heifers . ; 7.7
Orohaary to gov cews S.4004.73
Heavy bans o.ovdfo.J
tight ball 4.253450
Calres 7.oott!.oo
Storker-feeder steers (.756.50
Ueker-tsar cows t.OuuS.OJ
Mattoa SitsMttoa Stroag.
Very strong tone was shown in the
mutton and lamb trade at North Port
land during the week. There was a
small increase in the volume of sup
plies, out uttie stock was actually of
fered on ttie open market
Top lambs were sold during the week
at $12.36, and the entire market was
correspondingly strong:
uenerai mattoa sua lamn market
of the nation. The American Forestry
association took particular, interest ui
this problem, and BecreUrry Rldsdale,
December 27, sent out a circular let
ter to various constituent bodies of
Total easli and xebsnca,. ..... ...129,50 r
aS fcl,'
TSlla dlacoooted. members
Acceptances boaght
unnea ows
tinned titatas on
aotsa
Municipal warrants
Alt other resources
afwV
year treasury
e s sr a . f "
S.v3,t" 1
;.", 1
' 2l, J
.$43,K,Cv
Total researees . . . .
LIABILITIES.
Capital paid ta .V..f jno.f i
KsssrTe deposits, member banks,... (5.214 t
Uosarnment deposits (grass).. ...... 1.644.0' j
Due to other federal 1 fans bank .- .
(collected faada) 4 $77.0' 1
Cashier's a and other cheques ent -
staiidiag .. ,i : S,r 1
AU other liabilities. . tvj.is 1
Total Babllltles. $42,t29,ot .
UBMORANDUM.
Federal reserrs motes oUtanauig ta
bands f public ...lla.tie.OC j
Federal rewcrve notes Is hsads ot
bank-.. LT34.0C3
Kct aaaaant fsdersl reserrs notes l , ,
saed to bank by federal rsaarys '
gent ... v"i.V 14,550. 003
Deduct gold and lawfnl money do- -posited
by bank with, federal re
serrs agent 1,50,0T0
to start the swine business with. The sow, built up his little business, and
boys are also beine assisted by the I entered the state fair In competition
donation of seeds. They are encour- with all obhr breeders of the state.
aged to raids such crops as make the! Johnnie walked off with three prizes
best cog feed. 1 on his Berkshire hoga
- Walla Walla, Wash.. Feb S.-Wheat
growers of this section, are anything
ut pleased with the variety 01" weath
. er that has been handed out for the
.past 10 days. The freezing and thaw
ing process, with practically no snow
on the ground, srrHis progressed with
. regularity, and on one or two nights
' the mercury dropped almost to tho
danger point. Heavy wihds the fore
part Of the week, as wefl de on Frl-
day, caused some fear that the seed
might be blown from the ground,
. .especially in the light land districts,
but few reports of damage of this
nature have been receivi here.
- So far as known, damage to grain
' bv tho 'erratic "winter weather in not
geaerai, but confined to. isolated local
ities. Farmers generally are of the
, opinion mat tne xaii sown wneat wui
come through the season in .stood' con-
" dition, barring anything leis favorable
man. already nas occurred. Thus far
there has been-no general complaint
.: uauause ot winter aiiitng. as snow cov
ered the fields when th coldest weath
er of thS winter occtirred.
, Snow flurries brougijt practically
A i only Precipitation of . the week.
Thcra were light showers during Suh--day
and Monday, but the raia that fell
was hardly sufficient to moisten the
grouao. lAter the surfacs ' of the
. , Kreunu oecame rrozen, and the raelt-
" ' Jne Aaliy did not d0 h good that
-'would have resulted under more fa-
.... . rvrauie coruiinons.
r , " " -'-'.
3 BANS. . STATEMENT OE COAST
, Psrtlaad Bankr.
rieartngs-. Thl week. -' Veal ago.
3 muuuny ,.,,.i,?.t-.J.W,lSlu.13 l..3Jinx.7
tl-tiewlay 2.J12.7W.W 4 s 1.732.430.6!
, Wednesday . J ;;a,103.12.9 ; l,00tt.8.H0
tarsday .-.,V,... 1.652.1W5.24 f,182.544.a
-i rridsy J.,.,....; Z,Kl.Mt.m l,o:w.3e.79
t Satorday . " 2,278,873.10 ) 58,048.42
San Francisco Grain Market.
' f - San Francisco, reh.' ;3.-KO. I Wheat
. Fee eentai 'aUfoniiir dnb, ?2.60fr2.75; Xo-
- 1 nora. (Z.752Js5: nortnern ctab, (2.K5IS2.90:
V ditto blaestem. (2.U5:i.0or ditto Tnrkey red.
i s.wi.uir auro-rea annul), -i
Bar ley Per cental; fee1. (2J:2H4i,2.27U
'ftw tair t cbidce; sblpphig asd brewing.
f Osts Ker.cenfar: Re- feed11 tno Scarce to
iuote; ditte seed, (2.75M3.iO: No. I northern
rnnutrv tioints. $0 per cental.
POTATOES fSwllng price: New local. (2.85
3.00. Buying price: urmnnry snipping, az.00
2 76; fancy, (2.754i2.90; sweets. No. 1. (4.
VEGETABLE Turnips, (l.ft ptr aack;
rarrots. Sl.OU: paranips. i.;o; uregoa cab
bage, $5.00 cwt: green onions, 25c dosen
hunches: peppers. 30c lb.; bead lettuce, $2.00Q
2.50 crate; celery. (5.00(6.50 ciate: artt-
cbokea, (1.00(31.15; encumbers, (1.50 dosen;
tomatoes, Florida, $5.506.SC crate; egg plant.
20c lb.: etnnr oeau, mmc ruBoaro. ios
lb.J peas. 1520c; cauuflower. California,
(2.352.5 Ter crare.
DRE8Sa.u aiKA'ia seiUug price: Country
killed beat nogs, ie; orainary, 14c;
beat veaia itvxifw, uruinary, JiQlx;
heary. ai0c;joor, 7c; goat. 4c; lamb. 16 Q
I7r- mutton. 12tel5c; beef. 46 6e lb.
RMOblED MKATH Hams. 20(U24o OCT lb.:
bieakfaat bacon, 2CSi32c; picnics, 15Hi eot
tags roll. 18c; snort clears, 18.2oc; Oregon
ei ports, smoked, la'ic lb
LARD Kettle renaerea. tierces. 19e lb.:
U'UUaiU. y ' ,
OY81EUS uiympia gaiion. j.ou; canned
eastern. o5c. a.oo uosen; eastern in tbell.
(1.80 per 100; raaor c!ais ( ); eaatera
oyaters, per gallon, aoUd pack. (2.75.
FISH Dressed flounders, 7c; ailrenlra aal-
tron ( ); ewei neaa, is-io:. perca. 8e;
lobsters, ); allrer smelt, be; aauuos trout,
20c per lb.; halibut. IOQISc; turgeoa, 13c;
rinmhli kiaelt. 12ViC.
CRABS Large, (2.00; medium, $1.50 doa;
herring. 6c; black cod. 9c lb.
Groceries.
SUGAR Cube, $. 1j; powdered. $7JW; frnlt
o berry. $7.36; Honolulu. $7.30; beet. $7:16;
dry granulated, $7.55; I yellow, $6 73. Above
uuotstlons are at oaya net caan.
HON El New. (3.003.25 per case.
RICIS Japan- aiyie.
No, 2.
c: Xs'pw Or-
lesos bead, 5c: blue rose, 6e.
s a f V stub half srfinn1si 1fslss 1 1
ton; 60s. (11.7&: tsbfs dairy 50s. (liftO; 100s
flS.oOi. nates, incy uuse ana a airy,
(22.00; " lump rock, $20.00 ton.
BEANS Small while,. Hfte; large white.
10 V; Pink. c; Umi. 9e; bayoo. 8Vc;
reu,
Hopa, Wool and Eiidsa.
HOPS Nominal, buying price, 191S crop,
VOOL 1916 cUp; Willamette valley eoi
Cotswold. S7e; medium Shropshire, 86c; Una,
SOsjiUc; eaatera uregoa at a pie. sot32e pes'
in,: coarse sua urviuiu, wvmc
. HIDBS Salted hides. 25 lbs. sad . ISc:
salted stags, 50 lbs. and up, 14c; trees' and
salted kip, 15 te 25 lb., IScj greaa and
salted calf skins, op to 15 lbs.. 28c: green
hides, 25 lba. and up, 16c; greea stags, 60
ids. lira uj aiy axi
hk'es, 26c; dry horM bides, (1.004220: salt
bora aides. (3.0033.00; horsehair- 80c; dry
long wool peita. ac; ary soon wool pelts,
17c; dry sheep shearlings, each,. lO30et
arftril sheen shearlings each. lofisaOc: aalted
long wool pelts, each. (1.50U2.50; aalted abort
wool peris, each, oOceti.OO.
TALLOW No. 1, lc; No. ?. scr grease. 6c
CHITTIM OR C A SCAR A BARK - Baying
price, per car tots, oe per ib.
MOUAIR 191. S5.a45c.
BISAL Dark. 14-r; white. 15c Jh.
faints aad Oila
COAL OIL Water white ia drama and ioa
barrels. 10c per gal.
UNSEED OIL -Raw, hbls.. (1.08 gallon",
kettle - boiled.- barrels. (1.10: raw. cases.
$hl3; ' boiled, eases. $1.17 , gallon; lots , of
250 galtnnsle less. r i ' V
TCRPENTTXB Tanks, C7c: eaaee. T4e gal.
wtinis u:iu ton iota, tic lb.; euo lb.
tt'Vf. line; ten iois,-iiMe is.
aASOLIKE-KBls price, 21 14c. gallon; dla
nuaie, iv)ic gallon. . . .
,: -v -'
. . tngini Butter Market. ,,:
iain, .mjTeti. S, (I. N. S.) But
ter soldi on-:the butter board at S9c,
Last week's quotation was 33 to 39c
Trading Wild and
Excited in N. Y.
Market for the Day
Cancellation of Belling:' Orders
Game at Same Time That Buy- .
ing Orders Are Shown.
New Tork. Feb. 8. (L N. 8. Al
though Wall Street had professed con.
fldence that a. runture with Germany
could not cause any acute disturbance
in values, the news created intenae un
easiness. . For a time the market held
fairly well, but later declines of 1 to i
points were sustained within a short
period. The marine issues were the
weakest features, ths preferred drop
ping from 68 points to 624. and At
lantic, Gulf & West Indies, which had
sold at 96 points, dropped to 92.
Steel common sold down to 89 9s
points, the lowest price touched since
last November. Union Pacific and St.
Paul oth stiff ered declines of 2 points,
and the minor steel Industrials declined
about the same.
The copper issues also sustained
moderate losses.
Tradinar was wild and excited on the
stock exchange shortly before the close
at noon. Cancellations of selling or
ders came at tn same time mat large
buying orders were telephoned ana tel
egraphed. In most cases these buying
orders were without price limits, and
brokers executing them took stocks as
offered passing over small fractional
advances without any notice. It was
evident that the market movement naa
been abruptly changed by the action of
the administration. Steel common was
bid so in largo blocks, and rose from
99 points to aoove 104, wniie indus
trial Alcohol, after selling at 111
points, rose to 118 Vs. Bethlehem Steel,
which sold down to 863 points, rose to
400. Gains of 3 to 10 points in other
Issues were so numerous that it would
be impossible to mention them in detail.
It was 10 minutes after the close be
fore the sales could be put in type.
The final tone was strong. Govern
ment bonds unchanged, railroad and
other bonds firm.
Range of Chicago prices furnished by Over-
berk a Cook Co, 216-217 Board of Trad
building:
APPLE MARKETING A
SERIOUS PROBLEM IN
PACIFIC NORTHWEST
Entrance of Auction Interests into
This Section Means Change of
Base of Getting to Trade Dif
ferent From Citrus Fruits.
Buying Eally Sends
Wheat Higher in
The Chicago Market
Early Decline Is Recovered Trade
Very Erratic During the Closing
Session of the Week.
BRIGHTER SIDE OF EXPORT
BUSINESS IS DISCUSSED
Best east of mentals lambs. .
Htt vslley Isino....
Yearlings.
Wetbera
kwes
Goats
..(12.00412.25
11.75(12.00
10.25 1O.50
IO.K0K 10.26
.00cJ U.23
. 4.25fcj4.50
POTATOES ALONG THE COAST
Saa Francises Market,
San rrsncisco. tvb. 3. (U. 1.) Potatoes
rex ceacai: win, i.wj.ffl; uregnn iiur- rkillfullv conducted foretm trad n n1
lutnka 9K6!t all; WauniiL 2 lmui on I F. 11 11 ' conuucien loreign inaae, ana
. . - --, , in... i r n DlA nnn . tn hoi
Bv wav of showing the "Brlghtef
Side of the Shield.' and informing the
rorld that blunders In American ex
port at Ion are the exception, not the
rnle, the National Foreign Trade Coun
cil, at Pittsburg, submitted to the
Fourth National Fore gn Trade conven
tion a report on "Kx ample of Amer
ican .Enterprise," which said In part:
"A situation has recently arisen af
fecting the reputation of American ex
porters, which contain elements both
of great good and great harm. Certain
American consuls, commercial organ
izations and banks have done a useful
serv-ice In sharply calling attention to
specific derelictions on the part of
Americans in export trade.
"Hi itself, this has done good, but it
Is apparent that many newspapers.
magazines and individuals have made
these specific complaints the basis for
generalisation highly discreditable to
American Foreign Trade. All expor
ters have heard the uninitiated remark,
'Well, of course. Americans do not
know how to pack their poods for ex
port, and they insist on Jamming their
product down the throat of the for
eigner, regardless of his own tastes.'
"This opinion, altbonch unfounded.
is so widely prevalent as to be a posi
tive hindrance to even systematic and
Bsllnse. (3.50.
Ouloos Brows. $8 per
Oregon. $( per cental.
sack; es-lcehouse.
American Cash Wheat.
May.
Dnluth 171 ',4
Winnipeg 169, .
Minaea pulls 170-
Kansas City 167
at. Louis 163
July
1HHI
169 Vt,
144
145
DESCRIPTION.
IQpeiM BlghT tow Close
Alaaka Uokl
Allls-Cfaalmera, e
do pfd t....
American Beet Sugar,..
American Can., c. ..
do pfd -VuX
American Car Fdy.. ..
American Cotton Oil, e.
Americas Linseed, e. ..
do pfd
American Loco.. C. .
American. Smelter, e...
do pfd
American Sngar. e....T
American Tel. Tel...
Americas Woolen, c....
Anaconda Mining Oo...
Atchison, c.
do pfd...............
Baldwin Loco., c. .....
do pfd. ........... ...
Baltimore Ohio, e. . .
Bethlehem Steele...
do pfd...'
Brooklyn R. Transit...
Bntte a Superior
Calif. Petroleum, c. .. .
do pfd
Canadian Pactfle .....
Central Leather,. -c. . .. .
do pfd. ...... J
Chesapeake a Ohio....
Cliicago a Qt. W e...
' do Bf(I..'i
intCAgo,- u. s: n. i ..
Chicago a N. W., e....
thiao Copper .........
Colorado f. c....
Consolidated Qas.. ....
Corn Products, e......
j do pfd.............
crucible steet. c. ......
de pfd....
n a r. o., pfd.......
lfetlllcrs
Kt1$? c -
do 1st ffd.
General tnectrtc...v
Goodrich Rubber ......
tit. North. -re Lands..
at. North., pfd. .......
it eoe-t'an. ..... ......
HMe a Leather, e..v-
. d pflfr.. ......
Ice Securities ....-4.
sv
21 H
81
01
6"
4 Vt
10
63H
4
too
123H
72 U
100
46
345
Vk
22
81
92
43
si"
44 H
16
6'
07
114
M
124
88
73 Vk
102
.47'
70
400
TOf
41
20
47
1544
71 i
58
11
S4
S3W
t
50
89- .
124
18
0S
62
'22""
2a
25
a
61
1
n
41-
! lo
ss 24
42 i
28
ll?
77
11
84
85
120
02
43
125
19
10O
58
25
25
26
8
163
64
80
US
41
10
2i
S
20
79
88
36
57"
43
W
62
62
114
104
122
1
71
100
43"'
74
365
69
88
20
47
154
70
M
10
32
8Z
120
SS
8
22
81
92
42
104
60
43
15
8
67 Vj
67
114
10SV1
123 V
88
73
102
45
100
75
oo
120
71
40
23
49
155
1
111
58
It
120
43
1211124
18
98
60
22
22
25
1L
63
27
111
41
IO
68
24
19
90
66
10O
23
24
zs
' 89
164
53
80
114
41
10
ei
26
Will the apple industry of the Pacific
northwest be revolutionised as a re
sult of the extrance into thia territory .
The question Is causing serious de
bate among the apple trade. The auc
tion system of selling apples has its
strong advocates just as does the f. o.
b. cash system that has proven so suc
cessful In the Pacific northwest.
There is one thine absolutely sure:
If the auction interests trv to sell ap
ples as soon a they are picked from
tne trees and snapped, mere is naDie to
be more or less trouble encountered.
The apple is an entirely different
article of commerce from the citrus
fruits, so generally sold on the auc
tions with success. First of all. the
apple family Is divided Into many
meinoera.
By Joseph F. Pritchard.
Chicago. Feb. 3. (I. N. S.) 'Wheat
showed great activity during the lat
ter part of the day and closed at
net gains of 38. It was a dayl
of big price changes and with the
trend uncertain until the advance set
in when values moved upward by fits
and starts. . Corn closed with advances
of 1. oats were up 0Fand provl-
sions showed little change.
Chicago. Feb. 3. (I. N. S.) Wheat
dropped only 1 to 2c at the opening
on the news that relations with Ger
many had been broken off.
A rush of selling started a few min
utes after opening, and Hay 'wheat
dropped 4c.
A buying rally followed the decline
in wheat prices resulting from the
break in diplomatic relations with Ger
many today, and the wheat market
closed at noon with many futures 7 to
8c above last night's close. Mafty big
nouses were Buying gram as tne clos
ing gong sounded.
rne grain pit was extremely nervous
over American-German relations today.
Sbme ol rtWa T fruit :vdYes not ' npr.lcesnuct,iat-ld Ptly wttMn a
show its best quality pntil three or
four months after being removed from
tne trees, some or tne rest anoies 01
the northwest would taste like pump-
Kins it consumed immediately.
Ageing is absolutely necessary in se
curing the best aualitv of apples. Only
confusion, a glutted market and likely
ruinous values could nossiDiv result
from the hasty marketing of the prod
uce. It is different with the marketing
of oranges. This fruit is ready for
market the moment it is gathered from
the trees. .It needs no ageing.
The matter of seleotinar a mode of
apple sales Is a very serious problem
to the Pacific northwest at this time.
The solution means either life or death
to tho industry. - ,
minoU Central
Industrial Alcohol .....
Inspiration
inter Doro, c
Kensecott
Kan. City Southern, c. .
Kelly Springfield
Lackawanna .Steel
Lehigh Talfey
Louia. a Nashville....
Maxwell Motor a, c...
Uexlcaa Petroleum. . . ,
Miami Copper
M., K. a T-, c. .
do Dfd 7...
Missouri Pacific
Nr clonal Lead
Nevada Consolidate! . ,
New Haven...........
New York Air Brake.
New York Central....
N. T., O. W
Norfolk a Western, 1
Northern Pacific 1
Pacific MaU. , .
Pens. Railway
Peoples Qua..........
Pittsburg Coal, e.....
do pfd.
Pressed Steel Car,- e. .
do pfd......
Bay Cobs. Copper....
Railway steel Springs
Beading, e
do let pfd
Republic LAS., c...
do pfd. ........ 1 ...
Rock laland
Bears. Roebuck a Co.
Shattuck
Btndebaker. e........
Bloss Sheffield
Southern . Pacific. . . ..
Southern Railway, e .
do pfd.....
Texas OU. ..........
Texas Pacific
lUtd Avenue.......
Union Pacific, e. .. .
do pfd. ......
C, 8, .Rubber, e. .
XJ. 8.- Steel, ..
' so pfd. .
rtah ' Copper., i. ....
Virginia ctiemtcai, e
W. II. Ttlecrapb....
WestingbLoee Electric.
Wlil.T0erland . y. . -Wool
worts - - .
40:
21
50
73
73
122
48
85
33
10
53
21
41
132
1
22
102
18
04
101
3S
IOT
TJ-n
101 I too
U23 111
65
13
42
21
51
74
78i
124
60
87
36
11
65
22
41
140
93
23
105
19
lot
88
109
76
24
6 1 4J
t 92
68 75
100 100
2"H
2
95
51
91
27
24
:204
15
134
217
25
:oo5
92
28
13
134
50
13
40
21
49
70
72
122 122
48Vs! DO
82
34
100
123
64tJ
13
42
21
61
74
r53
101 1 104
104 luf
34 37
93V-I 1
47 49
143!l44v
10
52
2o
401
128
91
22
127
101
18
88
99
36 U
107
s
"28
42
88
"e
214?
23
94:
90
27
02
1200
16
131
51
99
117
102
H5
44
30
narrow range at the opening. News
that diplomatic relation with Germany
had been broken off was discounted in
advance, however, and served to cause
only a small drop In wheat" at the
opening.
Corn was unchanged to c lower.
Oats were unchanged to c lower.
Provisions were slightly lower.
Range of Chicago prices f urnished by
united rress:
WHEAT.
May
July
September . .
May
July
Miy . .
July
May .......
July
May
July
May
July
Open. High. Low! Close.
161 100 154 ISO A
146' 148. 140 148
134 138 131 137
CORN. , ' .
96 R8 '93 98
96 97 93 97
OATS.
62 53 60 53
51 52 49 62
PORK. '
2820 2835 2770 2833
2805 2S10 2750 280
LARD.
1612 1622 1585 ISIS
1504 1530 1504 152J
RIBS.
1512 1317 1477 15K
1504 1530 1504 152S
Cooperative Store
For Working People
Superior, tVIa.. Feb. 3. (t. N. S.)
A cooperative store, in which all the
working people of. Superior will have
an opportunity of acquiring stock, will
be opened within the next two weeks,
aocordliTg to an announcement made
by members of a Joint committee from
leve that
it finds Its way into foreign nrlnt to
tne aiscredit or American goods, and
that it is used aa a basis of selling
arguments' against American prodots.
We hear little about Rngllsn or Ger
man goods being pcorly packed, yet a
visit to the steamship docks In normal
times will show the extent of damatre
sometimes Inflicted, for lack of prop
er pacKing, upon importations rroni the
elder Industrial and exnorttnn- nations.
Controversies and . disappointments as
to Whether contracts have been strict
ly (fulfilled occur wherever business is
done, and there is no reason to'believe
that it is more frequent la American
than in any other export and import
trade. It would be interacting to learn
to what extent such complaints are
kept alive In foreign markets by our
competitors. -
The simple fact that oar export of.
manufactures nearly doubled between
1805 and 1913. reaching in tha latter
year a total of nearly $800,000,600, 1
in itself evidence that foreigners found,
it praotlcal, convenient and satisfac
tory to buy American irooda, whale the
high percentage of "repeat orders" La
additional proof.
"iNooooy, or course, win asrsra mt
manufacturer who trie to obtain busi
ness by ths employment of unfair
methods; we know, of course, from our
own experience in this country, that
black sheep are found all over .the
world, and are, unhappily, the exclu
sive possession of no single nation,"
The report calls particular attention
to ths intelligence, perseverance' sund
skill of American export of ell, ateel,
harvesting machinery, machine tools,
agricultural and training machinery,
sewing machines, locomotives, shoes.
meat and other food producta. before
tne war, cameras, cash r agisters, type
writers and other manufactures, as
well aa enormous trade in raw materi
als which Is not so competitive.'
Emphasis is placed upon the growing;
exporttrade In manufactured speoiai
ties, c'Scb as safety rasors, watches,
fountain pens, vibrators, etc.. wMl
much of this trade is don by large
companies, it is stated that before a
number -of examples of what small
companies can - accomplish, al chough
small -companies generally are - ham
pered by -doubt as to the legality of
the cooperation which prevent their
association Cor the purpose of increas
ing the economy and efficiency of for
eign selling.
EASY MONEY MARKET IS
VERY HOPEFUL INDICATION
Wrltlag in the Chicago Herald,
! Frank M.. Huston, financial editor.
! says that', one of the extraordinary
the Trades and Labor assembly, which features of the money market is that
is fostering the enterprise. it continues to be easy at a time
Articles of Incorporation have al- I ."" JIJ'l ,",,53211 .."RT.h.
ready been drawn and the sale of Block -Jwava has bean one of Rtreaa for the
" .aaja bbs ss w aJ e
pan y to begin with is incorporated for
a
84
54 '
41 .
140
4
234
1Z8
104
19
64
99
S8
107
104
24
a
73
100
26
214
S(4ft
9S
51
2
62
216
15
40
W4
04
63
104
120
l2St
95
49
314
EARLY LOSSES FADE QUICKLY
IN NEW YORK COTTON MART
143HM
New Tork, Feb.. 8. (I. N. S.) A ft-r drop
ping 20 to 30 points on the announcement that
the United States bad broken diplomatic rela
tions with Germany, a heavy demand from
Liverpool and trade Interests caused a sensa
tions! gala in cotton. There seemed te be- s
scarcity of shorts, and Mar sold above 15e, er
ijesrly a hundred points over Friday's close.
Tha final tone was excited, with prices 90
to 108 points Bet higher.
Range of New Tork cotton prices rurn label
by Overbeck a Cooke Co.. 216-217 Board of
Trade building:
Open. High, Low. - Close.
February '. .... 147
March 12M 1515 1372 1501
May 1425 1520 1303 1510
Juue ... . 1508
July 1420 1530 1390 1513
August .... .... 1601
September ' 1480
October 180O 1475 1368 1470
December 14O0 145Q 1377 1483
DAIRY PRODUCE ON THE COAST
Saa rtauisw yatbt '
' Saa Francisco, res. 3. Batter Fifisa,
40 c; prime firrta, 40c; first. (7c.
Fgs SUtrss. 36c; firsts, 83c .
- Chse Calif orala v fancy, : 19c ; fusts. . Met
I Oregon, triplets, fancy, 20e c . v . f
, t New York Sugar and Coffee. :n
, New York,1 Feb.- S440. - P.) Off S pel
o. I Kf, S'c; or? j aantoa, iwe.
8ogar OntritBgal, i$3. : - ; ,. .
(12,500. Stock sells at (25 per share,
with no person allowed to hold more j
than 10 sihsxes. .
A general line of merchandise is to
be carried, constating principally of
groceries, - meats, clothing and shoes,
the chief object being to cut the high
cost of living. Seven directors elected
by tho stockholders will have charge
of ths store.
Food Consumed at
Harvard Examined
Boston. Feb. S. (I. N. S.) Harvard
is doing its utmost to keep its student
fit. . " .
'Recently a campaign against rats
was ' concluded, so that If Ihere was
any possibility that they were the
carriers of infantile paralysis. Its rav
ages1 at Harvard would be reduced to
the Utmost minimum.
To further safeguard ths students,
th. raw milk in all of the university
dining halls, at the -training tables.
and as far as possible In ail the eat
ing places in Cambridge is being pas
teurised. The water used In all these
place is examined almost daily.
banks, because it generally is a big
investment season. Thla year, how
ever there seemed to be a disposition
on the- part of those who received
dividend checks to leave the money
in the bank, for the present at least.
There is another feature to be reck
oned with, -A large part of the prof
its are made up of high security
value Notwithstanding this, there
have been enoueh of the profits dis
tributed in cash to be ol considerable
consequence In the banking situation.
As a matter of fact, industrial and
manufacturing concerns have been
making abnormally large profits and
have abnormally large surpluses, that
they do not need in their business.
Consequently they do tiot require loans
from the banks.
Deposits have increased at an un
precedented rate, but they are nnllke
those of normal years. The Increase
does not represent credit establisheJ
through ths making of loans, but a
credit resulting from the' deposit of
actual profits. This is true all over
the country, as well as ia New Tork.
Consequently there is a plethora,-,of
banking funds and a correspondingly
low rate of interest. t :, ..-.
It is well, however, t bear in mind
that the paper profits made in .ihe
last two years far exceed the actual
profits from industry and trade.
A large amount or-the deposit at
the banks is or should be available
for Investment. Nevertheless, tha in
vestor Is looking for something ab
normally attractive, Ths, small ''in
vestor is accustomed to savings hank
rates. He seeks safety and Is picainr
up stock and bond bargains.
The large investors, are buying
rather liberally of the Unite King
dom 5 per cent collates ally secured
convertible one and two year - not
issue. ' - - - : ? .
In the west this is especially tfne,
but the banks there ceem to be taking
less of this than of ths former offer
ings. In the' east the bic 1x59,000.000 lesn
Is going remarkably well, both among
the banks and the investors. , Its suc
cess is assured. . . . .
California's Mining
Output Sets Eecord
San Francisco, Feb. 3. California's
mineral products in 1916 were valued
at more than f 106.000,000. this being
the first time in th history of the
state thsvt they have exceeded that fig
ure, according to the report of the
state mining bureau. It is estimated
that tha actual valuation is 3110.000,-
900. aa against (96,8(1.3(9 in 181 (. .
The increase is due mostly to cop
per, which has Increased in price and
quantity. Other gains were made by
lead, 1 silver, tungsten and sine, gold
Just about holding its own. Petroleum
also snowed Increases In price and
output.
Garden Plots for
jj Those Who Apply
Birmingham, Ala., Feb. I. N. 8
-This city Is again going In for the
city beautiful contest. An announce
ment has been mads from tha city ball
that i If anyone wants to plant some
thing on a vacant lot and has no lot,
the city will "dig ona.up. , In other
words, the municipal-author! tes are
keeping books and seeing that no one
manr has" so much property that he
cannot beautify it, for, If it isfound
that he has. the city win get someone
else to beautify it. , - -. V -:
Lowden Hates Name
1 'Gentleman Farmer'
Bpriogfield. III. Feb. 3. (I. N. 8.)
If you want to get Governor Frsnk
0. Lowden of Illinois roaring mad. call
him a "gentleman farmer."
Tbs gentleman part is what h ob
jects to. Not that he wants to give the
impression that he isn't a gentleman,
but hs asserts the dream of many
city .peoplo of riding a blooded horse
' around an estate is what has ruined
many people with a desire to return
to the soil and is entirely impractical
if one .wants to make a success as an
agriculturist '
'Gentleman farmer gives the im
pression -that I didn't work on my
farm. !I did the same kind of work
that all the old fashioned, land owners
of Illinois do." tho . governor says.
"And I ran a farm, not-an estate.
Tho Illinois executive owns a farm
of several thousand acres on tne Mis
sissippi river which he calls "Slrmle
sippl Farm." Hs specializes in live
stock and dairying. , ..
San Joaquin Valley
Irrigation Project
Fresno, Call., Fb 1,-Saa Joaquin
lrrtgationlsts are planning to construct
a 19,000.000 reservoir at Pins Flat.
Fresno county, to irrigate and reclaim
mora than 1,000,006 acres in tha San
J oaquta valley.
App roxi matsl y 75,000 acre have al
ready been- signed up . and a district
has been formed. - Committees repre
senting the Kings Blver Conservation
district have decided - to carry on a
campaign of education in the heps of
convincing the land owners f ths
great benefit that would cam through
tho impounding of th vat--amount of
water la Kings river. : . r
Million Dollar Span
At Dumbarton Urged
. - ' -
-San Francisco, Feb. Th Cham
bers ol Commerce of San Francisco.
Redwood City, Newark. Oenterviile and
Nile bar placed their stamp of ap
proval on a movement to erect a $ 1,
000,000 automobile bridg -at Dum
barton. -
Th project will be brought to th
attention of th legislature and th
national government will be asked to
look upon it' a a military necessity.
Committees will soon bs appointed: to
start th preliminary work, , , v
narrow School's Honor RoIL
London, . Feb. 3. (L N." 6.) .The
roll of honor of Harrow school, on
which th names of th graduates who
have on to th war are entered, now
has 404 killed or missing. (10 wounl
ed and 2t still on activ duty at the
front, s . .-' ;.. ,
il a
& Cooke Co.
i Stocks, Bonds.
Cotton. Grain, Etc. .
DIRECT PRIVATE
WIRES TO ALL
EXCHANGES
Mmbrs Chicago Board of Trads
. Correspondents of Logan A. Bryai
.. .Chicago, New Tork. ,
IltvaiT BoarS f Trad TSuUdiax.